Zacks Research Analysts Reduce Earnings Estimates for AEIS

Advanced Energy Industries, Inc. (NASDAQ:AEIS) – Stock analysts at Zacks Research cut their Q3 2024 earnings per share estimates for Advanced Energy Industries in a research report issued to clients and investors on Wednesday, October 30th. Zacks Research analyst R. Department now anticipates that the electronics maker will earn $0.66 per share for the quarter, down from their previous estimate of $0.67. The consensus estimate for Advanced Energy Industries’ current full-year earnings is $2.47 per share. Zacks Research also issued estimates for Advanced Energy Industries’ FY2024 earnings at $2.38 EPS, FY2025 earnings at $3.57 EPS and Q3 2026 earnings at $0.88 EPS.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The firm had revenue of $364.95 million during the quarter, compared to analyst estimates of $350.06 million. During the same quarter in the prior year, the business posted $0.95 EPS. The business’s revenue was down 12.2% compared to the same quarter last year.

A number of other equities analysts also recently weighed in on the company. Benchmark restated a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Robert W. Baird started coverage on Advanced Energy Industries in a research note on Friday, September 20th. They issued an “outperform” rating and a $128.00 price objective for the company. Stifel Nicolaus started coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 target price for the company. Wells Fargo & Company cut their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Finally, Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Hold” and an average price target of $113.11.

Advanced Energy Industries Trading Down 2.9 %

Shares of AEIS stock opened at $107.77 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 44.90, a PEG ratio of 5.41 and a beta of 1.49. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week high of $119.75. The company has a 50-day simple moving average of $104.05 and a two-hundred day simple moving average of $104.72.

Hedge Funds Weigh In On Advanced Energy Industries

Several institutional investors have recently bought and sold shares of the company. Pinnacle Associates Ltd. lifted its stake in Advanced Energy Industries by 3.6% in the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock valued at $19,244,000 after purchasing an additional 6,217 shares during the last quarter. Semanteon Capital Management LP purchased a new stake in shares of Advanced Energy Industries during the third quarter worth $724,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Advanced Energy Industries by 5.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after acquiring an additional 130 shares in the last quarter. Signaturefd LLC lifted its position in shares of Advanced Energy Industries by 28.0% during the third quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock worth $106,000 after acquiring an additional 220 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Advanced Energy Industries by 2.4% during the third quarter. Raymond James & Associates now owns 24,763 shares of the electronics maker’s stock worth $2,606,000 after acquiring an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.37%. Advanced Energy Industries’s payout ratio is 16.67%.

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.