Wall Street analysts expect that Advanced Energy Industries, Inc. (NASDAQ:AEIS) will announce $143.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Advanced Energy Industries’ earnings, with the highest sales estimate coming in at $144.00 million and the lowest estimate coming in at $142.80 million. Advanced Energy Industries posted sales of $195.62 million in the same quarter last year, which suggests a negative year over year growth rate of 26.8%. The firm is expected to issue its next earnings report on Monday, April 29th.

According to Zacks, analysts expect that Advanced Energy Industries will report full-year sales of $676.90 million for the current fiscal year, with estimates ranging from $620.30 million to $779.60 million. For the next fiscal year, analysts expect that the business will post sales of $739.77 million, with estimates ranging from $720.70 million to $758.60 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Advanced Energy Industries.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, February 4th. The electronics maker reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.08). Advanced Energy Industries had a net margin of 20.45% and a return on equity of 27.02%. The firm had revenue of $154.16 million during the quarter, compared to analyst estimates of $155.58 million. During the same quarter in the prior year, the firm posted $1.31 EPS. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis.

AEIS has been the topic of several recent analyst reports. BidaskClub upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. ValuEngine raised Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, January 19th. Finally, Zacks Investment Research raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.17.

Shares of NASDAQ:AEIS opened at $48.97 on Thursday. Advanced Energy Industries has a 52 week low of $38.74 and a 52 week high of $71.25. The firm has a market capitalization of $1.87 billion, a PE ratio of 11.69, a PEG ratio of 1.38 and a beta of 1.42.

Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Advanced Energy Industries by 15.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,909 shares of the electronics maker’s stock valued at $125,000 after buying an additional 393 shares during the last quarter. Brasada Capital Management LP bought a new stake in Advanced Energy Industries during the 4th quarter worth about $172,000. First Citizens Bank & Trust Co. bought a new stake in Advanced Energy Industries during the 4th quarter worth about $204,000. New Vernon Capital Holdings II LLC bought a new stake in Advanced Energy Industries during the 4th quarter worth about $221,000. Finally, Trexquant Investment LP bought a new stake in Advanced Energy Industries during the 3rd quarter worth about $229,000. 96.35% of the stock is owned by institutional investors and hedge funds.

About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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