Advanced Energy Industries, Inc. (AEIS) to Issue Quarterly Dividend of $0.10 on June 7th

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Monday, May 27th will be paid a dividend of 0.10 per share by the electronics maker on Friday, June 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Thursday, May 23rd.

Advanced Energy Industries has a payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Advanced Energy Industries to earn $4.41 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 9.1%.

Advanced Energy Industries Stock Up 2.3 %

AEIS opened at $95.96 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The firm’s fifty day moving average is $98.15 and its 200 day moving average is $99.20. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 3.29 and a beta of 1.55.

Advanced Energy Industries (NASDAQ:AEIS) last released 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 company had revenue of $405.27 million for the quarter, compared to analysts’ expectations of $407.66 million. On average, sell-side analysts forecast that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.