Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.650-1.150 for the period, compared to the consensus earnings per share estimate of 0.900. The company issued revenue guidance of $350.0 million-$390.0 million, compared to the consensus revenue estimate of $373.0 million. Advanced Energy Industries also updated its Q3 guidance to $0.65-1.15 EPS.
Advanced Energy Industries Stock Down 1.6 %
NASDAQ:AEIS traded down $1.76 during mid-day trading on Tuesday, hitting $108.38. The stock had a trading volume of 334,034 shares, compared to its average volume of 202,851. The stock has a 50-day simple moving average of $109.02 and a two-hundred day simple moving average of $103.49. The company has a market capitalization of $4.06 billion, a PE ratio of 40.49, a PEG ratio of 5.38 and a beta of 1.52. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $126.38. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78.
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The company had revenue of $327.50 million for the quarter, compared to analyst estimates of $351.74 million. During the same period in the previous year, the business posted $1.10 EPS. The firm’s revenue for the quarter was down 22.9% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Energy Industries will post 2.33 EPS for the current year.
Wall Street Analysts Forecast Growth
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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.
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