Advanced Energy Industries, Inc. (NASDAQ:AEIS) Plans $0.10 Quarterly Dividend

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Monday, October 28th,RTT News reports. Investors of record on Monday, November 25th will be paid a dividend of 0.10 per share by the electronics maker on Friday, December 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th.

Advanced Energy Industries has a payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Advanced Energy Industries to earn $3.78 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 10.6%.

Advanced Energy Industries Stock Up 2.4 %

Shares of NASDAQ:AEIS opened at $115.19 on Friday. Advanced Energy Industries has a 1 year low of $89.11 and a 1 year high of $120.81. The company has a market capitalization of $4.34 billion, a PE ratio of 101.04, a price-to-earnings-growth ratio of 6.61 and a beta of 1.48. The business has a fifty day moving average price of $107.87 and a two-hundred day moving average price of $106.84. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 earnings per share. Analysts forecast that Advanced Energy Industries will post 2.52 earnings per share for the current year.

Insider Transactions at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

AEIS has been the topic of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Susquehanna cut their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. TD Cowen lowered their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $113.75.

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.