Advanced Energy Industries (NASDAQ:AEIS) Issues Quarterly Earnings Results, Beats Estimates By $0.61 EPS

Key Points

• Advanced Energy Industries beat quarterly expectations: The company reported $3.65 in earnings per share versus the $3.04 consensus estimate, while revenue of $696.4 million exceeded estimates of $644.85 million.
• Shares fell after the results, trading at $217.19 and remaining well below their 50-day and 200-day moving averages. The stock has a market capitalization of approximately $8.7 billion and a price-to-earnings ratio of 40.52.
• Analysts maintain a Moderate Buy consensus rating with an average price target of $404.17, although insiders sold more than 27,000 shares worth approximately $8.56 million over the past three months.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) announced its quarterly earnings data on Monday. The electronics maker reported $3.65 earnings per share for the quarter, beating analysts' consensus estimates of $3.04 by $0.61, FiscalAI reports. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. The company had revenue of $696.40 million during the quarter, compared to analyst estimates of $644.85 million.

Advanced Energy Industries Stock Performance

Shares of AEIS traded down $4.87 during mid-day trading on Monday, hitting $217.19. The company's stock had a trading volume of 821,554 shares, compared to its average volume of 742,465. Advanced Energy Industries has a one year low of $187.71 and a one year high of $397.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79. The firm has a market capitalization of $8.70 billion, a PE ratio of 40.52 and a beta of 1.38. The stock's 50-day moving average is $267.24 and its two-hundred day moving average is $307.22.

Analyst Ratings Changes

Several research firms have recently weighed in on AEIS. Weiss Ratings reissued a "hold (c+)" rating on shares of Advanced Energy Industries in a research note on Wednesday, August 26th. TD Cowen raised their target price on Advanced Energy Industries from $350.00 to $370.00 and gave the stock a "hold" rating in a research report on Tuesday, August 4th. Citigroup reiterated a "buy" rating on shares of Advanced Energy Industries in a research note on Monday, September 28th. Seaport Research Partners raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $410.00 price target on the stock in a report on Tuesday, August 4th. Finally, Morgan Stanley set a $375.00 price objective on Advanced Energy Industries in a research report on Monday, October 26th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $404.17.

Insider Buying and Selling

In related news, EVP Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total value of $302,073.44. Following the sale, the executive vice president owned 10,712 shares of the company's stock, valued at approximately $3,563,668.16. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Eduardo Acebedo sold 24,771 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total value of $7,814,755.08. Following the transaction, the chief operating officer owned 23,109 shares in the company, valued at approximately $7,290,427.32. This trade represents a 51.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,218 shares of company stock valued at $8,562,008. 1.30% of the stock is currently owned by insiders.

Advanced Energy Industries Company Profile

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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