Equities analysts expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to post sales of $166.57 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Advanced Energy Industries’ earnings, with estimates ranging from $165.00 million to $170.50 million. Advanced Energy Industries reported sales of $176.58 million in the same quarter last year, which would suggest a negative year over year growth rate of 5.7%. The company is scheduled to report its next earnings report on Monday, October 29th.
According to Zacks, analysts expect that Advanced Energy Industries will report full year sales of $740.56 million for the current year, with estimates ranging from $729.21 million to $752.90 million. For the next year, analysts expect that the business will post sales of $824.90 million per share, with estimates ranging from $767.60 million to $845.97 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, July 30th. The electronics maker reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.10). Advanced Energy Industries had a return on equity of 33.40% and a net margin of 19.68%. The company had revenue of $196.00 million during the quarter, compared to the consensus estimate of $199.60 million. During the same period in the prior year, the firm earned $1.22 earnings per share. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year.
A number of equities analysts recently weighed in on AEIS shares. Raymond James upgraded shares of Advanced Energy Industries from a “market perform” rating to an “outperform” rating in a report on Thursday, July 5th. They noted that the move was a valuation call. Stifel Nicolaus decreased their price objective on shares of Advanced Energy Industries from $87.00 to $78.00 and set a “hold” rating for the company in a report on Wednesday, August 1st. Zacks Investment Research lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Monday, August 6th. BidaskClub upgraded shares of Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. Finally, DA Davidson decreased their price objective on shares of Advanced Energy Industries to $90.00 and set a “buy” rating for the company in a report on Thursday, June 21st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $76.83.
NASDAQ AEIS traded up $1.00 during mid-day trading on Thursday, reaching $53.16. The stock had a trading volume of 392,400 shares, compared to its average volume of 431,550. Advanced Energy Industries has a 1 year low of $51.94 and a 1 year high of $95.00. The firm has a market cap of $2.11 billion, a P/E ratio of 12.41, a PEG ratio of 1.34 and a beta of 1.04.
In related news, CFO Thomas O. Mcgimpsey sold 8,391 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $59.32, for a total value of $497,754.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in AEIS. Summit Trail Advisors LLC raised its stake in Advanced Energy Industries by 5,051.2% during the 1st quarter. Summit Trail Advisors LLC now owns 106,167 shares of the electronics maker’s stock valued at $106,000 after buying an additional 104,106 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Advanced Energy Industries during the 2nd quarter valued at $110,000. Mount Yale Investment Advisors LLC purchased a new stake in Advanced Energy Industries during the 1st quarter valued at $120,000. Integrated Investment Consultants LLC purchased a new stake in Advanced Energy Industries during the 2nd quarter valued at $136,000. Finally, HPM Partners LLC purchased a new stake in Advanced Energy Industries during the 2nd quarter valued at $211,000. Institutional investors and hedge funds own 93.99% of the company’s stock.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
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