What is Zacks Research’s Forecast for AEIS FY2024 Earnings?

Advanced Energy Industries, Inc. (NASDAQ:AEIS) – Analysts at Zacks Research lifted their FY2024 EPS estimates for shares of Advanced Energy Industries in a report issued on Monday, November 18th. Zacks Research analyst R. Department now anticipates that the electronics maker will post earnings of $2.45 per share for the year, up from their previous forecast of $2.38. The consensus estimate for Advanced Energy Industries’ current full-year earnings is $2.50 per share. Zacks Research also issued estimates for Advanced Energy Industries’ Q4 2024 earnings at $0.81 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $1.60 EPS, Q1 2026 earnings at $0.84 EPS, Q3 2026 earnings at $0.86 EPS and FY2026 earnings at $4.64 EPS.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $374.20 million during 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%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share.

AEIS has been the subject of a number of other reports. Benchmark restated a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Susquehanna dropped their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Robert W. Baird dropped their target price on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Stifel Nicolaus initiated 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 for the company. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $113.75.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $112.90 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company has a fifty day moving average of $107.54 and a two-hundred day moving average of $106.70. The stock has a market capitalization of $4.25 billion, a PE ratio of 99.04, a P/E/G ratio of 6.60 and a beta of 1.48. Advanced Energy Industries has a fifty-two week low of $89.11 and a fifty-two week high of $120.81.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Advanced Energy Industries by 1.7% during the third quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after buying an additional 15,030 shares during the period. Dean Investment Associates LLC boosted its stake in Advanced Energy Industries by 123.5% during the third quarter. Dean Investment Associates LLC now owns 35,817 shares of the electronics maker’s stock worth $3,769,000 after buying an additional 19,791 shares during the period. Weiss Asset Management LP purchased a new position in Advanced Energy Industries during the third quarter worth about $462,000. Sora Investors LLC purchased a new position in Advanced Energy Industries during the third quarter worth about $4,736,000. Finally, Southernsun Asset Management LLC purchased a new position in Advanced Energy Industries during the third quarter worth about $3,575,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the 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 transaction, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Advanced Energy Industries Dividend Announcement

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 issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

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.