Zacks Research Analysts Decrease Earnings Estimates for AEIS

Advanced Energy Industries, Inc. (NASDAQ:AEIS) – Analysts at Zacks Research cut their Q3 2024 earnings estimates for shares of Advanced Energy Industries in a research report issued on Wednesday, October 30th. Zacks Research analyst R. Department now expects 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 issued its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The business had revenue of $364.95 million during the quarter, compared to analyst estimates of $350.06 million. During the same quarter in the previous year, the firm earned $0.95 EPS. Advanced Energy Industries’s revenue was down 12.2% on a year-over-year basis.

Several other research firms also recently weighed in on AEIS. Benchmark reiterated a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday. Susquehanna lowered their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company lowered their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $112.89.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $108.53 on Thursday. Advanced Energy Industries has a one year low of $81.86 and a one year high of $119.75. The business has a fifty day moving average of $104.07 and a 200 day moving average of $104.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The firm has a market capitalization of $4.09 billion, a P/E ratio of 45.22, a PEG ratio of 5.41 and a beta of 1.49.

Hedge Funds Weigh In On Advanced Energy Industries

Hedge funds have recently made changes to their positions in the company. Hilltop National Bank boosted its holdings in Advanced Energy Industries by 13.4% in the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after purchasing an additional 116 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in Advanced Energy Industries by 1.7% during the second quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock worth $796,000 after acquiring an additional 124 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in 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 valued at $263,000 after acquiring an additional 130 shares in the last quarter. Pitcairn Co. lifted its holdings in Advanced Energy Industries by 3.9% in the first quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock valued at $449,000 after acquiring an additional 164 shares during the period. Finally, Arizona State Retirement System boosted its position in Advanced Energy Industries by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock worth $1,136,000 after purchasing an additional 203 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. Advanced Energy Industries’s dividend payout ratio is presently 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.