Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.65-1.15 for the period, compared to the consensus estimate of $0.90. The company issued revenue guidance of $350-390 million, compared to the consensus revenue estimate of $373.04 million. Advanced Energy Industries also updated its Q3 2024 guidance to 0.650-1.150 EPS.
Analysts Set New Price Targets
Several brokerages have recently weighed in on AEIS. Citigroup lowered Advanced Energy Industries from a buy rating to a neutral rating and set a $113.00 price objective on the stock. in a report on Monday, July 15th. StockNews.com lowered Advanced Energy Industries from a hold rating to a sell rating in a research note on Thursday, May 2nd. Benchmark reaffirmed a buy rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Susquehanna decreased their price target on Advanced Energy Industries from $95.00 to $90.00 and set a neutral rating on the stock in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Advanced Energy Industries in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries currently has an average rating of Hold and a consensus price target of $105.33.
View Our Latest Report on AEIS
Advanced Energy Industries Trading Down 1.6 %
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last released its earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The firm had revenue of $327.50 million for the quarter, compared to the consensus estimate of $351.74 million. Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The company’s revenue was down 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. Equities research analysts forecast that Advanced Energy Industries will post 2.33 EPS for the current fiscal year.
About Advanced Energy Industries
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.
Read More
- Five stocks we like better than Advanced Energy Industries
- Canada Bond Market Holiday: How to Invest and Trade
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.