Advanced Energy Industries (NASDAQ:AEIS) Issues Earnings Results, Beats Expectations By $0.29 EPS

Advanced Energy Industries (NASDAQ:AEIS – Get Rating) posted its quarterly earnings data on Wednesday. The electronics maker reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.29, MarketWatch Earnings reports. Advanced Energy Industries had a net margin of 9.25% and a return on equity of 19.93%. The firm had revenue of $397.46 million for the quarter, compared to the consensus estimate of $360.57 million. During the same period in the prior year, the firm posted $1.18 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Advanced Energy Industries updated its Q2 guidance to $0.75-1.35 EPS.

Shares of AEIS opened at $83.44 on Thursday. The firm’s 50 day moving average is $82.62 and its 200-day moving average is $86.38. The stock has a market capitalization of $3.13 billion, a P/E ratio of 23.70 and a beta of 1.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.14 and a quick ratio of 2.23. Advanced Energy Industries has a 12-month low of $73.26 and a 12-month high of $114.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Monday, May 23rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. Advanced Energy Industries’s dividend payout ratio is currently 11.36%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Two Sigma Advisers LP grew its stake in shares of Advanced Energy Industries by 52.4% in the 3rd quarter. Two Sigma Advisers LP now owns 3,200 shares of the electronics maker’s stock worth $281,000 after purchasing an additional 1,100 shares during the last quarter. Vident Investment Advisory LLC grew its stake in shares of Advanced Energy Industries by 39.4% in the 4th quarter. Vident Investment Advisory LLC now owns 3,426 shares of the electronics maker’s stock worth $312,000 after purchasing an additional 968 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter worth approximately $749,000. Cubist Systematic Strategies LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter worth approximately $903,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Advanced Energy Industries by 1.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 38,711 shares of the electronics maker’s stock worth $3,525,000 after purchasing an additional 429 shares during the last quarter. 97.42% of the stock is currently owned by institutional investors.

AEIS has been the topic of a number of research analyst reports. Benchmark initiated coverage on shares of Advanced Energy Industries in a research note on Thursday, January 6th. They set a “buy” rating and a $110.00 price objective on the stock. Citigroup reduced their price target on shares of Advanced Energy Industries from $100.00 to $95.00 in a research report on Thursday, February 10th. KeyCorp assumed coverage on shares of Advanced Energy Industries in a research report on Tuesday, January 25th. They issued an “overweight” rating and a $105.00 price target on the stock. StockNews.com upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. Finally, Needham & Company LLC reduced their price target on shares of Advanced Energy Industries from $120.00 to $100.00 in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $104.18.

Advanced Energy Industries Company Profile (Get Rating)

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.

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