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

Advanced Energy Industries, Inc. (NASDAQ:AEIS) declared a quarterly dividend on Monday, October 28th,RTT News reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.10 per share by the electronics maker on Friday, December 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th.

Advanced Energy Industries has a payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Advanced Energy Industries to earn $3.78 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 10.6%.

Advanced Energy Industries Trading Up 2.4 %

NASDAQ:AEIS opened at $115.19 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.34 billion, a PE ratio of 101.04, a price-to-earnings-growth ratio of 6.61 and a beta of 1.48. The firm’s 50 day moving average is $107.87 and its 200 day moving average is $106.80. Advanced Energy Industries has a 12 month low of $89.11 and a 12 month high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Advanced Energy Industries’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. Sell-side analysts expect that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares in the company, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 target price on the stock. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Susquehanna lowered their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Benchmark restated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research report on Wednesday. Finally, Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $113.75.

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.