Advanced Energy Industries (AEIS) Projected to Post Earnings on Wednesday

Advanced Energy Industries (NASDAQ:AEIS) is anticipated to announce its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.09 per share and revenue of $394.21 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $112.83 on Tuesday. Advanced Energy Industries has a 1 year low of $89.11 and a 1 year high of $130.50. The firm has a 50 day moving average of $117.40 and a 200-day moving average of $110.39. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.25 billion, a P/E ratio of 98.97, a price-to-earnings-growth ratio of 3.60 and a beta of 1.45.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AEIS shares. TD Cowen cut their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $110.00 to $138.00 in a report on Monday, January 6th. Robert W. Baird raised their price target on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a report on Monday, December 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 price target on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.89.

Insider Activity at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

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.