Advanced Energy Industries (AEIS) to Release Quarterly Earnings on Wednesday

Advanced Energy Industries (NASDAQ:AEIS) is set to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Advanced Energy Industries to post earnings of $0.71 per share for the quarter. Advanced Energy Industries has set its Q1 guidance at $0.50 to $0.90 EPS and its Q1 2024 guidance at 0.500-0.900 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 EPS for the quarter, beating the consensus estimate of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The business had revenue of $405.27 million during the quarter, compared to the consensus estimate of $407.66 million. On average, analysts expect Advanced Energy Industries to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Advanced Energy Industries Stock Up 2.3 %

Shares of AEIS opened at $93.10 on Wednesday. Advanced Energy Industries has a one year low of $81.86 and a one year high of $126.38. The company has a market cap of $3.48 billion, a P/E ratio of 27.38, a P/E/G ratio of 3.14 and a beta of 1.56. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10. The firm has a 50 day simple moving average of $98.69 and a two-hundred day simple moving average of $99.33.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 11.76%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered 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 report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Hold” and an average price target of $115.14.

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.