Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shareholders to Collect $0.10 Quarterly Dividend

Key Points

• Advanced Energy Industries declared a quarterly dividend of $0.10 per share, payable December 4 to shareholders of record November 23. That equals $0.40 annually and a 0.2% yield.
• The dividend appears well covered: the current payout ratio is 6.3%, and analysts expect next year’s earnings to imply a payout ratio of 3.1%.
• The company beat quarterly earnings and revenue estimates, reporting $3.65 per share and $696.4 million in revenue. Shares fell 11.1% in Wednesday trading, while analysts’ average rating remained “Moderate Buy.”

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.10 per share by the electronics maker on Friday, December 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, November 23rd.

Advanced Energy Industries has a dividend payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Energy Industries to earn $12.77 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 3.1%.

Advanced Energy Industries Stock Down 11.1%

AEIS stock traded down $26.54 during mid-day trading on Wednesday, hitting $211.56. The stock had a trading volume of 929,071 shares, compared to its average volume of 745,842. Advanced Energy Industries has a 1-year low of $187.71 and a 1-year high of $397.44. The company has a fifty day moving average of $265.13 and a 200 day moving average of $307.14. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 30.44 and a beta of 1.38.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The electronics maker reported $3.65 EPS for the quarter, topping analysts' consensus estimates of $3.04 by $0.61. The firm had revenue of $696.40 million for the quarter, compared to the consensus estimate of $644.85 million. Advanced Energy Industries had a return on equity of 25.79% and a net margin of 12.72%. The firm's revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.74 earnings per share. On average, equities analysts expect that Advanced Energy Industries will post 9.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on AEIS. Needham & Company LLC restated a "buy" rating and set a $400.00 price target on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Advanced Energy Industries in a research report on Wednesday, August 26th. Citigroup cut their price objective on Advanced Energy Industries from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Tuesday. Seaport Research Partners raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $410.00 target price for the company in a research report on Tuesday, August 4th. Finally, Morgan Stanley dropped their price target on shares of Advanced Energy Industries from $375.00 to $368.00 and set an "overweight" rating on the stock in a research report on Tuesday. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $377.75.

About Advanced Energy Industries

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company's portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.

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