Advanced Energy Industries (NASDAQ:AEIS) Issues Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Advanced Energy Industries (NASDAQ:AEIS) posted its earnings results on Wednesday. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09), Yahoo Finance reports. Advanced Energy Industries had a return on equity of 11.70% and a net margin of 6.58%. The company had revenue of $327.50 million for the quarter, compared to the consensus estimate of $351.74 million. During the same period in the previous year, the firm posted $1.10 EPS. The business’s quarterly revenue was down 22.9% compared to the same quarter last year. Advanced Energy Industries updated its Q2 guidance to $0.48-$0.98 EPS and its Q2 2024 guidance to 0.480-0.980 EPS.

Advanced Energy Industries Trading Up 2.5 %

AEIS stock traded up $2.36 during midday trading on Friday, hitting $97.99. The stock had a trading volume of 259,377 shares, compared to its average volume of 217,206. The company has a current ratio of 5.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. The firm has a market cap of $3.66 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 3.37 and a beta of 1.54. The business has a fifty day moving average price of $97.82 and a two-hundred day moving average price of $99.13. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $126.38.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 27th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

Analysts Set New Price Targets

AEIS has been the topic of a number of research reports. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday. Susquehanna reduced their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company dropped their price target on shares of 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. Finally, StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Advanced Energy Industries has an average rating of “Hold” and an average price target of $111.86.

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.