Advanced Energy Industries (NASDAQ:AEIS) Releases Earnings Results, Beats Expectations By $0.07 EPS

Advanced Energy Industries (NASDAQ:AEIS) announced its earnings results on Wednesday. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07, Briefing.com reports. The company had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.05% and a net margin of 2.91%. Advanced Energy Industries’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. Advanced Energy Industries updated its Q4 guidance to $0.83-$1.33 EPS and its Q4 2024 guidance to 0.830-1.330 EPS.

Advanced Energy Industries Stock Performance

AEIS stock traded up $1.04 during trading on Friday, reaching $109.57. The company had a trading volume of 206,103 shares, compared to its average volume of 211,366. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 96.11, a price-to-earnings-growth ratio of 5.45 and a beta of 1.49. Advanced Energy Industries has a twelve month low of $85.26 and a twelve month high of $119.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. The firm has a 50-day simple moving average of $104.05 and a 200-day simple moving average of $104.84.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Advanced Energy Industries’s payout ratio is 35.09%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price for the company. Robert W. Baird decreased their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday. Wells Fargo & Company dropped their target price on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday. Finally, TD Cowen dropped their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Advanced Energy Industries presently has a consensus rating of “Hold” and an average target price of $112.75.

About Advanced Energy Industries

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.