Advanced Energy Industries (AEIS) Set to Announce Quarterly Earnings on Wednesday

Advanced Energy Industries (NASDAQ:AEIS) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The business had revenue of $405.27 million for the quarter, compared to the consensus estimate of $407.66 million. 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

AEIS stock opened at $97.62 on Tuesday. The firm has a 50 day simple moving average of $98.03 and a two-hundred day simple moving average of $99.17. The stock has a market cap of $3.64 billion, a PE ratio of 28.71, a P/E/G ratio of 3.36 and a beta of 1.56. Advanced Energy Industries has a one year low of $81.86 and a one year high of $126.38. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10.

Advanced Energy Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

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