Advanced Energy Industries, Inc. (AEIS) Expected to Announce Quarterly Sales of $176.57 Million

Analysts expect that Advanced Energy Industries, Inc. (NASDAQ:AEIS) will report $176.57 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Advanced Energy Industries’ earnings, with the highest sales estimate coming in at $177.60 million and the lowest estimate coming in at $175.90 million. Advanced Energy Industries posted sales of $135.34 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.5%. The firm is expected to announce its next earnings report on Monday, January 29th.

According to Zacks, analysts expect that Advanced Energy Industries will report full year sales of $176.57 million for the current fiscal year, with estimates ranging from $642.00 million to $669.40 million. For the next fiscal year, analysts expect that the business will post sales of $693.14 million per share, with estimates ranging from $642.40 million to $742.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Advanced Energy Industries.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The company had revenue of $176.60 million during the quarter, compared to analysts’ expectations of $165.77 million. During the same period in the prior year, the business earned $0.77 earnings per share. Advanced Energy Industries’s revenue for the quarter was up 39.5% compared to the same quarter last year.

AEIS has been the subject of a number of recent research reports. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Friday, November 3rd. ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. BidaskClub lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. KeyCorp restated a “hold” rating on shares of Advanced Energy Industries in a research note on Sunday, October 15th. Finally, Needham & Company LLC upped their target price on Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $81.60.

In other Advanced Energy Industries news, Director Grant H. Beard sold 10,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $71.86, for a total transaction of $718,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick Ball sold 4,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.51, for a total value of $334,040.00. The disclosure for this sale can be found here. Insiders sold 52,859 shares of company stock valued at $4,409,311 over the last 90 days. 1.13% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC raised its stake in Advanced Energy Industries by 9.5% during the second quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after acquiring an additional 187 shares in the last quarter. D.A. Davidson & CO. raised its stake in Advanced Energy Industries by 0.7% during the second quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock worth $142,000 after acquiring an additional 16 shares in the last quarter. Riverhead Capital Management LLC raised its stake in Advanced Energy Industries by 55.4% during the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock worth $151,000 after acquiring an additional 831 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in Advanced Energy Industries by 57.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock worth $168,000 after acquiring an additional 756 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new position in Advanced Energy Industries during the second quarter worth $188,000. Hedge funds and other institutional investors own 94.29% of the company’s stock.

Advanced Energy Industries (NASDAQ AEIS) opened at $71.85 on Monday. The company has a market capitalization of $2,849.36, a price-to-earnings ratio of 13.63, a P/E/G ratio of 1.39 and a beta of 1.30. Advanced Energy Industries has a 12 month low of $54.95 and a 12 month high of $95.00.

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About Advanced Energy Industries

Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.

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