Advanced Energy Industries (AEIS) Set to Announce Quarterly Earnings on Tuesday

Advanced Energy Industries (NASDAQ:AEIS) will announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Advanced Energy Industries has set its Q3 guidance at $0.93-1.33 EPS and its Q3 2023 guidance at $0.93-$1.33 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.01). Advanced Energy Industries had a return on equity of 19.88% and a net margin of 9.52%. The business had revenue of $415.51 million during the quarter, compared to analysts’ expectations of $414.11 million. On average, analysts expect Advanced Energy Industries to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Advanced Energy Industries Price Performance

Shares of AEIS opened at $87.83 on Friday. The company has a 50 day moving average price of $103.14 and a 200-day moving average price of $103.25. Advanced Energy Industries has a fifty-two week low of $76.49 and a fifty-two week high of $126.38. The stock has a market capitalization of $3.31 billion, a PE ratio of 18.81 and a beta of 1.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.51 and a current ratio of 3.80.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AEIS. Benchmark reissued a “buy” rating and set a $135.00 target price on shares of Advanced Energy Industries in a research report on Friday, September 15th. Raymond James upped their price target on shares of Advanced Energy Industries from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Citigroup upped their price target on shares of Advanced Energy Industries from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, August 7th. KeyCorp upped their price target on shares of Advanced Energy Industries from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Finally, Susquehanna upped their price target on shares of Advanced Energy Industries from $98.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and an average target price of $121.57.

Insider Transactions at Advanced Energy Industries

In other news, Director Ronald C. Foster sold 2,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $118.48, for a total value of $236,960.00. Following the sale, the director now owns 3,618 shares in the company, valued at $428,660.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Ronald C. Foster sold 2,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $118.48, for a total transaction of $236,960.00. Following the sale, the director now directly owns 3,618 shares of the company’s stock, valued at $428,660.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald C. Foster sold 1,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $103.26, for a total transaction of $103,260.00. Following the transaction, the director now directly owns 2,618 shares in the company, valued at $270,334.68. The disclosure for this sale can be found here. Insiders have sold 5,000 shares of company stock worth $587,140 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Advanced Energy Industries

Several hedge funds and other institutional investors have recently bought and sold shares of AEIS. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Advanced Energy Industries during the first quarter valued at about $208,000. Glenmede Trust Co. NA purchased a new position in Advanced Energy Industries in the third quarter worth approximately $205,000. AQR Capital Management LLC purchased a new position in Advanced Energy Industries in the fourth quarter worth approximately $203,000. Vident Investment Advisory LLC purchased a new position in Advanced Energy Industries in the fourth quarter worth approximately $203,000. Finally, Delphia USA Inc. purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth approximately $203,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Company Profile

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, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.