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

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Advanced Energy Industries to post earnings of $0.71 per share for the quarter. Advanced Energy Industries has set its Q1 guidance at $0.50 to $0.90 EPS and its Q1 2024 guidance at 0.500-0.900 EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.10. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. The company had revenue of $405.27 million during the quarter, compared to analysts' expectations of $407.66 million. On average, analysts expect Advanced Energy Industries to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Advanced Energy Industries Trading Down 0.3 %

AEIS traded down $0.26 during trading hours on Wednesday, reaching $92.84. 140,288 shares of the company's stock traded hands, compared to its average volume of 212,991. The firm has a 50-day moving average price of $98.50 and a 200 day moving average price of $99.29. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week high of $126.38. The company has a quick ratio of 4.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $3.47 billion, a PE ratio of 27.31, a PEG ratio of 3.19 and a beta of 1.55.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Thursday, February 15th. Advanced Energy Industries's payout ratio is currently 11.76%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their price objective on Advanced Energy Industries from $108.00 to $97.00 and set an "equal weight" rating for the company in a report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Advanced Energy Industries has an average rating of "Hold" and a consensus 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.