Advanced Energy Industries (NASDAQ:AEIS) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Advanced Energy Industries (NASDAQ:AEIS) issued its quarterly earnings results on Wednesday. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09), Yahoo Finance reports. The company had revenue of $327.50 million for the quarter, compared to analyst estimates of $351.74 million. Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The company’s quarterly revenue was down 22.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. Advanced Energy Industries updated its Q2 guidance to $0.48-$0.98 EPS and its Q2 2024 guidance to 0.480-0.980 EPS.

Advanced Energy Industries Trading Up 2.5 %

Shares of AEIS stock opened at $97.99 on Friday. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week high of $126.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.61. The company has a 50-day simple moving average of $97.79 and a two-hundred day simple moving average of $99.13. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.35 and a beta of 1.54.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries’s payout ratio is 14.71%.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday. Susquehanna dropped their price objective on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday. 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 report on Wednesday, February 7th. Benchmark restated a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a report on Thursday. Finally, Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.86.

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.