Advanced Energy Industries (AEIS) Scheduled to Post Quarterly Earnings on Wednesday

Advanced Energy Industries (NASDAQ:AEIS) is scheduled to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Advanced Energy Industries to post earnings of $0.71 per share for the quarter. Advanced Energy Industries has set its Q1 guidance at $0.50 to $0.90 EPS and its Q1 2024 guidance at 0.500-0.900 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.10. The business had revenue of $405.27 million during the quarter, compared to analyst estimates of $407.66 million. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. On average, analysts expect Advanced Energy Industries to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Advanced Energy Industries Price Performance

Shares of Advanced Energy Industries stock opened at $97.62 on Tuesday. The stock has a 50 day moving average price of $98.03 and a 200-day moving average price of $99.17. Advanced Energy Industries has a one year low of $81.86 and a one year high of $126.38. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 3.36 and a beta of 1.56. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries’s payout ratio is 11.76%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reduced their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Advanced Energy Industries has a consensus rating of “Hold” and an average price target of $115.14.

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.