Research Analysts Set Expectations for AEIS FY2024 Earnings

Advanced Energy Industries, Inc. (NASDAQ:AEIS) – Investment analysts at Zacks Research upped their FY2024 EPS estimates for Advanced Energy Industries in a research note issued on Monday, November 18th. Zacks Research analyst R. Department now forecasts that the electronics maker will post earnings per share of $2.45 for the year, up from their prior forecast of $2.38. The consensus estimate for Advanced Energy Industries’ current full-year earnings is $2.50 per share. Zacks Research also issued estimates for Advanced Energy Industries’ Q4 2024 earnings at $0.81 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $1.60 EPS, Q1 2026 earnings at $0.84 EPS, Q3 2026 earnings at $0.86 EPS and FY2026 earnings at $4.64 EPS.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The company’s revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS.

Several other research firms have also issued reports on AEIS. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company dropped their price target on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target on the stock. Finally, Benchmark reiterated a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $113.75.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $115.19 on Thursday. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 101.04, a PEG ratio of 6.60 and a beta of 1.48. Advanced Energy Industries has a 1-year low of $89.11 and a 1-year high of $120.81. The business has a 50 day moving average of $107.87 and a 200 day moving average of $106.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32.

Institutional Trading of Advanced Energy Industries

A number of large investors have recently added to or reduced their stakes in AEIS. Huntington National Bank grew its stake in Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 208 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Advanced Energy Industries in the third quarter worth about $41,000. Meeder Asset Management Inc. lifted its holdings in shares of Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after buying an additional 186 shares during the last quarter. GAMMA Investing LLC raised its stake in Advanced Energy Industries by 157.6% during the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Advanced Energy Industries during the second quarter valued at about $87,000. 99.67% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction dated 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 $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.00% of the company’s stock.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 35.09%.

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.