Wall Street brokerages predict that Advanced Energy Industries, Inc. (NASDAQ:AEIS) will announce earnings of $0.91 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Advanced Energy Industries’ earnings. The lowest EPS estimate is $0.90 and the highest is $0.91. Advanced Energy Industries posted earnings per share of $0.53 during the same quarter last year, which indicates a positive year-over-year growth rate of 71.7%. The business is scheduled to announce its next earnings report after the market closes on Monday, May 1st.

On average, analysts expect that Advanced Energy Industries will report full-year earnings of $3.38 per share for the current fiscal year, with EPS estimates ranging from $3.26 to $3.51. For the next fiscal year, analysts forecast that the business will post earnings of $3.68 per share, with EPS estimates ranging from $3.64 to $3.72. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Advanced Energy Industries.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, January 30th. The electronics maker reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.25. Advanced Energy Industries had a return on equity of 34.94% and a net margin of 26.35%. The company had revenue of $135.30 million for the quarter, compared to analyst estimates of $131.14 million. During the same period in the prior year, the firm posted $0.32 EPS. The business’s revenue was up 55.7% compared to the same quarter last year.

A number of equities analysts recently commented on the company. Zacks Investment Research cut Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 4th. Citigroup Inc lifted their price target on Advanced Energy Industries from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, March 20th. Needham & Company LLC lifted their price target on Advanced Energy Industries from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Finally, Dougherty & Co lifted their price target on Advanced Energy Industries from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Energy Industries has a consensus rating of “Buy” and a consensus price target of $69.50.

Shares of Advanced Energy Industries (NASDAQ:AEIS) traded down 0.62% on Tuesday, reaching $68.50. The company’s stock had a trading volume of 308,859 shares. The stock has a market cap of $2.72 billion, a PE ratio of 21.53 and a beta of 1.07. The company’s 50 day moving average is $66.14 and its 200-day moving average is $57.43. Advanced Energy Industries has a 1-year low of $31.98 and a 1-year high of $70.64.

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In other news, Director Thomas M. Rohrs sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $68.56, for a total transaction of $274,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.33% of the company’s stock.

Several large investors have recently modified their holdings of AEIS. Covenant Asset Management LLC purchased a new stake in shares of Advanced Energy Industries during the first quarter worth about $1,294,000. Navellier & Associates Inc purchased a new stake in shares of Advanced Energy Industries during the first quarter worth about $731,000. State of Alaska Department of Revenue boosted its stake in shares of Advanced Energy Industries by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,390 shares of the electronics maker’s stock worth $300,000 after buying an additional 100 shares in the last quarter. Cim LLC boosted its stake in shares of Advanced Energy Industries by 0.8% in the first quarter. Cim LLC now owns 9,342 shares of the electronics maker’s stock worth $640,000 after buying an additional 72 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Advanced Energy Industries by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the electronics maker’s stock worth $1,111,000 after buying an additional 200 shares in the last quarter. Institutional investors own 94.15% of the company’s stock.

Advanced Energy Industries Company Profile

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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