Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.480-0.980 for the period, compared to the consensus earnings per share estimate of 0.720. The company issued revenue guidance of $330.0 million-$370.0 million, compared to the consensus revenue estimate of $361.0 million. Advanced Energy Industries also updated its Q2 guidance to $0.48-$0.98 EPS.
Wall Street Analysts Forecast Growth
Separately, Wells Fargo & Company lowered their price objective on shares of Advanced Energy Industries from $108.00 to $97.00 and set an equal weight rating for the company in a research note on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Advanced Energy Industries presently has a consensus rating of Hold and a consensus price target of $115.14.
View Our Latest Stock Report on AEIS
Advanced Energy Industries Stock Up 0.3 %
Shares of NASDAQ:AEIS traded up $0.24 during trading on Wednesday, reaching $96.08. 428,149 shares of the stock traded hands, compared to its average volume of 214,162. The stock has a 50-day moving average of $97.96 and a two-hundred day moving average of $99.17. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week high of $126.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. The stock has a market cap of $3.59 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 3.42 and a beta of 1.55.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $1.07 EPS for the quarter, beating 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 firm had revenue of $405.27 million for the quarter, compared to analysts' expectations of $407.66 million. As a group, sell-side analysts expect that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.
Advanced Energy Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be given a $0.10 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.42%. Advanced Energy Industries's payout ratio is presently 11.76%.
About Advanced Energy Industries
(
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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.
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