Advanced Energy Industries, Inc. (NASDAQ:AEIS) Plans $0.10 Quarterly Dividend

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) declared a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Monday, May 27th will be given a dividend of 0.10 per share by the electronics maker on Friday, June 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, May 23rd.

Advanced Energy Industries has a payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Advanced Energy Industries to earn $4.41 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 9.1%.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock traded up $2.18 on Friday, reaching $95.96. 148,173 shares of the stock were exchanged, compared to its average volume of 159,664. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $126.38. The company has a current ratio of 5.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average price of $98.15 and a two-hundred day moving average price of $99.20. The firm has a market capitalization of $3.58 billion, a PE ratio of 28.22, a PEG ratio of 3.29 and a beta of 1.55.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The business had revenue of $405.27 million for the quarter, compared to analyst estimates of $407.66 million. As a group, research analysts anticipate that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their price target on shares of Advanced Energy Industries from $108.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Advanced Energy Industries has an average rating of "Hold" and an average price target of $115.14.

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.