Analysts expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to report sales of $136.23 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Advanced Energy Industries’ earnings, with the highest sales estimate coming in at $137.70 million and the lowest estimate coming in at $135.00 million. Advanced Energy Industries reported sales of $196.03 million in the same quarter last year, which indicates a negative year over year growth rate of 30.5%. The firm is expected to issue its next earnings report on Monday, July 29th.

According to Zacks, analysts expect that Advanced Energy Industries will report full year sales of $571.70 million for the current fiscal year, with estimates ranging from $569.40 million to $575.00 million. For the next year, analysts anticipate that the firm will report sales of $682.80 million, with estimates ranging from $638.40 million to $725.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Advanced Energy Industries.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, May 6th. The electronics maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.12. The firm had revenue of $140.74 million for the quarter, compared to analysts’ expectations of $143.63 million. Advanced Energy Industries had a return on equity of 22.16% and a net margin of 17.46%. The company’s revenue was down 28.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS.

Several equities analysts have recently weighed in on AEIS shares. Susquehanna Bancshares raised Advanced Energy Industries from a “neutral” rating to a “positive” rating and increased their price target for the company from $45.00 to $82.00 in a report on Wednesday, May 15th. TheStreet raised Advanced Energy Industries from a “c+” rating to a “b” rating in a report on Wednesday, April 3rd. BidaskClub cut Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Cowen reissued an “outperform” rating and set a $60.00 price target (up from $58.00) on shares of Advanced Energy Industries in a report on Thursday, May 16th. Finally, Zacks Investment Research cut Advanced Energy Industries from a “hold” rating to a “strong sell” rating in a report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $71.20.

Shares of NASDAQ AEIS traded down $0.06 during midday trading on Wednesday, hitting $50.11. 366,358 shares of the stock traded hands, compared to its average volume of 307,253. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.93 and a beta of 1.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.12 and a quick ratio of 4.23. Advanced Energy Industries has a one year low of $38.74 and a one year high of $69.21.

Large investors have recently bought and sold shares of the company. Premia Global Advisors LLC purchased a new stake in shares of Advanced Energy Industries in the 1st quarter worth $37,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Advanced Energy Industries by 23.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 979 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 186 shares in the last quarter. Pearl River Capital LLC increased its stake in shares of Advanced Energy Industries by 214.4% in the 1st quarter. Pearl River Capital LLC now owns 1,572 shares of the electronics maker’s stock worth $78,000 after purchasing an additional 1,072 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Advanced Energy Industries by 471.0% in the 1st quarter. Quadrant Capital Group LLC now owns 1,890 shares of the electronics maker’s stock worth $89,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Advanced Energy Industries by 15.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,909 shares of the electronics maker’s stock worth $125,000 after purchasing an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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