Advanced Energy Industries, Inc. Declares Quarterly Dividend of $0.10 (NASDAQ:AEIS)

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Friday, April 26th, Zacks reports. Investors of record on Monday, May 27th will be given a dividend of 0.10 per share by the electronics maker on Friday, June 7th. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, May 23rd.

Advanced Energy Industries has a dividend payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Advanced Energy Industries to earn $4.41 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 9.1%.

Advanced Energy Industries Price Performance

NASDAQ:AEIS traded up $2.18 during trading hours on Friday, hitting $95.96. 148,173 shares of the company’s stock traded hands, compared to its average volume of 159,664. The company has a quick ratio of 4.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $98.15 and its two-hundred day simple moving average is $99.22. Advanced Energy Industries has a 52 week low of $81.86 and a 52 week high of $126.38. The firm has a market cap of $3.58 billion, a P/E ratio of 28.22, a P/E/G ratio of 3.29 and a beta of 1.55.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.10. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. The firm had revenue of $405.27 million during the quarter, compared to analyst estimates of $407.66 million. On average, research analysts anticipate that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their price target on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $115.14.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.