Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced its earnings results on Monday. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.02, Bloomberg Earnings reports. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The business had revenue of $176.60 million for the quarter, compared to analyst estimates of $165.77 million. During the same quarter last year, the firm earned $0.77 EPS. Advanced Energy Industries’s revenue for the quarter was up 39.5% compared to the same quarter last year. Advanced Energy Industries updated its Q4 guidance to $1.15-1.25 EPS.
Shares of Advanced Energy Industries (AEIS) traded down 0.65% on Monday, hitting $93.64. The stock had a trading volume of 655,565 shares. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 23.79 and a beta of 1.38. Advanced Energy Industries has a 52 week low of $46.39 and a 52 week high of $95.00. The company has a 50-day moving average of $82.76 and a 200 day moving average of $75.48.
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AEIS has been the topic of a number of recent research reports. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, July 10th. BidaskClub raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Stifel Nicolaus began coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price target on the stock. KeyCorp reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Advanced Energy Industries in a research report on Friday, October 13th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $72.60.
In other Advanced Energy Industries news, CEO Yuval Wasserman sold 23,000 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $85.00, for a total transaction of $1,955,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas Liguori sold 16,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $73.64, for a total transaction of $1,178,240.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,413 shares of company stock valued at $4,975,307. Company insiders own 1.13% of the company’s stock.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
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