Advanced Energy Industries (NASDAQ:AEIS) Receiving Somewhat Positive Press Coverage, Report Shows
Headlines about Advanced Energy Industries (NASDAQ:AEIS) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Advanced Energy Industries earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media coverage about the electronics maker an impact score of 47.1389205298687 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- $1.07 EPS Expected for Advanced Energy Industries, Inc. (AEIS) This Quarter (americanbankingnews.com)
- Advanced Energy Industries – Too Expensive – Seeking Alpha (seekingalpha.com)
- See what the IHS Markit Score report has to say about Advanced Energy Industries Inc. (finance.yahoo.com)
- Technical Story: Advanced Energy Industries, Inc. (AEIS) stands -2.04% away from 50 SMA – Voice Of Analysts (analystsbuzz.com)
- Advanced Energy Industries, Inc. (AEIS) registers a price change of -0.88% while CSRA Inc. (CSRA) finishes with a … – Stocks Gallery (stocksgallery.com)
Shares of Advanced Energy Industries (AEIS) traded up 2.48% during mid-day trading on Friday, reaching $71.17. The company’s stock had a trading volume of 343,015 shares. Advanced Energy Industries has a 12 month low of $41.15 and a 12 month high of $86.25. The firm has a market capitalization of $2.84 billion, a P/E ratio of 18.08 and a beta of 1.34. The company has a 50 day moving average of $70.40 and a 200-day moving average of $69.34.
Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.15. The business had revenue of $165.95 million for the quarter, compared to analyst estimates of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. Advanced Energy Industries’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. Equities research analysts forecast that Advanced Energy Industries will post $4.59 EPS for the current year.
AEIS has been the topic of several recent analyst reports. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, July 10th. BidaskClub downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $72.25.
In related news, Director Edward C. Grady sold 6,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $80.02, for a total transaction of $480,120.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Yuval Wasserman sold 12,281 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $80.00, for a total value of $982,480.00. Following the sale, the chief executive officer now owns 130,349 shares in the company, valued at $10,427,920. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,796 shares of company stock worth $6,836,106. 1.13% of the stock is owned by corporate insiders.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
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