What is Zacks Research’s Forecast for AEIS Q3 Earnings?

Advanced Energy Industries, Inc. (NASDAQ:AEIS) – Zacks Research lowered their Q3 2024 earnings estimates for shares of Advanced Energy Industries in a report issued 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 prior forecast 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 released its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.05%. The business had revenue of $364.95 million for the quarter, compared to analysts’ expectations of $350.06 million. During the same period in the prior year, the firm earned $0.95 earnings per share. Advanced Energy Industries’s revenue was down 12.2% compared to the same quarter last year.

Several other equities analysts have also issued reports on the company. Wells Fargo & Company cut their price target on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Robert W. Baird cut their target price on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday. Finally, Benchmark reiterated a “buy” rating and set a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries has an average rating of “Hold” and an average price target of $112.75.

Advanced Energy Industries Stock Up 1.0 %

NASDAQ:AEIS opened at $109.57 on Thursday. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 96.11, a P/E/G ratio of 5.45 and a beta of 1.49. 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 stock’s fifty day moving average price is $104.05 and its two-hundred day moving average price is $104.84. Advanced Energy Industries has a 52-week low of $85.26 and a 52-week high of $119.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEIS. Vanguard Group Inc. grew its position in shares of Advanced Energy Industries by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after purchasing an additional 73,028 shares during the period. Earnest Partners LLC raised its stake in shares of Advanced Energy Industries by 13.5% in the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after purchasing an additional 199,578 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Energy Industries by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock valued at $103,428,000 after purchasing an additional 15,577 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after buying an additional 118,328 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Advanced Energy Industries by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after acquiring an additional 102,659 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Dividend Announcement

The firm 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s payout ratio is presently 35.09%.

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.