Zacks Research Has Strong Forecast for AEIS FY2024 Earnings

Advanced Energy Industries, Inc. (NASDAQ:AEIS) – Zacks Research boosted their FY2024 earnings per share estimates for Advanced Energy Industries in a research report issued on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the electronics maker will post earnings per share of $2.45 for the year, up from their prior estimate 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 results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. During the same quarter in the previous year, the firm posted $1.12 EPS. Advanced Energy Industries’s revenue was down 8.7% on a year-over-year basis.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus initiated coverage on Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective for the company. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Robert W. Baird lowered their price objective on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Benchmark restated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday. Finally, Susquehanna lowered their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $113.75.

Advanced Energy Industries Trading Up 2.4 %

Shares of AEIS opened at $115.19 on Thursday. The firm has a 50 day moving average price of $107.87 and a 200-day moving average price of $106.80. Advanced Energy Industries has a fifty-two week low of $89.11 and a fifty-two week high of $120.81. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 101.04, a PEG ratio of 6.60 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.

Institutional Trading of Advanced Energy Industries

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Advanced Energy Industries by 1.6% during 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 in the last quarter. Earnest Partners LLC boosted its position in Advanced Energy Industries by 13.5% during the second 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 last quarter. Dimensional Fund Advisors LP grew its stake in shares of Advanced Energy Industries by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock valued at $103,428,000 after buying an additional 15,577 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Advanced Energy Industries by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after purchasing an additional 15,030 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s payout ratio is 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.