Wall Street analysts expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to report sales of $176.57 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Advanced Energy Industries’ earnings, with the highest sales estimate coming in at $177.60 million and the lowest estimate coming in at $175.90 million. Advanced Energy Industries posted sales of $135.34 million in the same quarter last year, which would indicate a positive year over year growth rate of 30.5%. The firm is expected to announce its next quarterly earnings report on Monday, January 29th.
According to Zacks, analysts expect that Advanced Energy Industries will report full-year sales of $176.57 million for the current fiscal year, with estimates ranging from $642.00 million to $669.40 million. For the next year, analysts expect that the business will post sales of $693.14 million per share, with estimates ranging from $642.40 million to $742.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Advanced Energy Industries.
Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.02. The company had revenue of $176.60 million for the quarter, compared to analysts’ expectations of $165.77 million. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The business’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS.
In other Advanced Energy Industries news, CEO Yuval Wasserman sold 23,000 shares of Advanced Energy Industries stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederick Ball sold 4,000 shares of Advanced Energy Industries stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.51, for a total transaction of $334,040.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,859 shares of company stock worth $4,409,311. 1.13% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of AEIS. Advisory Services Network LLC lifted its position in shares of Advanced Energy Industries by 9.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after buying an additional 187 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Advanced Energy Industries by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock worth $142,000 after purchasing an additional 16 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Advanced Energy Industries by 55.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock worth $151,000 after purchasing an additional 831 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Advanced Energy Industries by 57.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock worth $168,000 after purchasing an additional 756 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of Advanced Energy Industries during the 2nd quarter worth approximately $188,000. 94.29% of the stock is currently owned by hedge funds and other institutional investors.
Advanced Energy Industries (NASDAQ AEIS) opened at $70.28 on Friday. The stock has a market cap of $2,795.84, a PE ratio of 17.11, a PEG ratio of 1.38 and a beta of 1.29. Advanced Energy Industries has a 1 year low of $53.79 and a 1 year high of $95.00.
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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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