Zacks Research Has Positive Outlook of AEIS FY2024 Earnings

Advanced Energy Industries, Inc. (NASDAQ:AEIS) – Investment analysts at Zacks Research raised their FY2024 earnings estimates for Advanced Energy Industries in a research report issued on Monday, November 18th. Zacks Research analyst R. Department now expects that the electronics maker will earn $2.45 per share for the year, up from their prior forecast of $2.38. The consensus estimate for Advanced Energy Industries’ current full-year earnings is $2.50 per share. Zacks Research also issued estimates for Advanced Energy Industries’ Q4 2024 earnings at $0.81 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $1.60 EPS, Q1 2026 earnings at $0.84 EPS, Q3 2026 earnings at $0.86 EPS and FY2026 earnings at $4.64 EPS.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. The business had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS.

Other equities analysts have also issued research reports about the company. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company decreased their price objective on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday. Finally, Benchmark reissued a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.75.

Advanced Energy Industries Trading Down 0.7 %

Shares of NASDAQ:AEIS opened at $110.77 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. Advanced Energy Industries has a 1 year low of $89.11 and a 1 year high of $120.81. The company has a market cap of $4.17 billion, a P/E ratio of 97.17, a PEG ratio of 6.47 and a beta of 1.48. The stock’s fifty day moving average price is $107.20 and its 200-day moving average price is $106.66.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.36%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Advanced Energy Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank lifted its stake in shares of Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after buying an additional 208 shares in the last quarter. Quantbot Technologies LP bought a new stake in Advanced Energy Industries during the third quarter valued at about $41,000. Meeder Asset Management Inc. lifted its position in shares of Advanced Energy Industries by 68.4% in the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 186 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Advanced Energy Industries during the second quarter worth about $87,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

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.