Zacks: Analysts Expect Advanced Energy Industries, Inc. (NASDAQ:AEIS) to Post $0.35 EPS

Brokerages expect that Advanced Energy Industries, Inc. (NASDAQ:AEIS) will post earnings of $0.35 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Advanced Energy Industries’ earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.33. Advanced Energy Industries reported earnings of $1.25 per share during the same quarter last year, which indicates a negative year over year growth rate of 72%. The company is scheduled to issue its next quarterly earnings report on Monday, July 29th.

According to Zacks, analysts expect that Advanced Energy Industries will report full-year earnings of $1.91 per share for the current financial year, with EPS estimates ranging from $1.75 to $2.07. For the next year, analysts expect that the firm will report earnings of $3.57 per share, with EPS estimates ranging from $2.55 to $4.18. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Advanced Energy Industries.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Monday, May 6th. The electronics maker reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.12. Advanced Energy Industries had a return on equity of 22.16% and a net margin of 17.46%. The firm had revenue of $140.74 million for the quarter, compared to analysts’ expectations of $143.63 million. During the same period last year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was down 28.1% compared to the same quarter last year.

AEIS has been the subject of a number of analyst reports. Susquehanna Bancshares initiated coverage on shares of MKS Instruments in a report on Wednesday, May 15th. They set a “positive” rating and a $123.00 target price for the company. Cowen reiterated a “buy” rating on shares of Adverum Biotechnologies in a report on Thursday, May 16th. DA Davidson lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $60.00 to $55.00 in a report on Monday. Zacks Investment Research upgraded shares of Gerdau from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Finally, TheStreet lowered shares of Red Lion Hotels from a “c” rating to a “d+” rating in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Advanced Energy Industries has an average rating of “Hold” and a consensus price target of $64.20.

Shares of NASDAQ:AEIS traded down $1.09 on Thursday, reaching $52.05. 215,113 shares of the company traded hands, compared to its average volume of 307,772. The business has a 50-day simple moving average of $53.01. Advanced Energy Industries has a 52 week low of $38.74 and a 52 week high of $64.25. The stock has a market capitalization of $2.03 billion, a PE ratio of 12.42, a P/E/G ratio of 3.23 and a beta of 1.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.12 and a quick ratio of 4.23.

A number of institutional investors and hedge funds have recently modified their holdings of AEIS. Oregon Public Employees Retirement Fund increased its stake in shares of Advanced Energy Industries by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,906 shares of the electronics maker’s stock valued at $741,000 after purchasing an additional 269 shares in the last quarter. Mason Street Advisors LLC grew its holdings in shares of Advanced Energy Industries by 2.6% in the first quarter. Mason Street Advisors LLC now owns 12,269 shares of the electronics maker’s stock valued at $610,000 after purchasing an additional 316 shares in the last quarter. Bbva Compass Bancshares Inc. grew its holdings in shares of Advanced Energy Industries by 6.1% in the first quarter. Bbva Compass Bancshares Inc. now owns 6,690 shares of the electronics maker’s stock valued at $332,000 after purchasing an additional 383 shares in the last quarter. Brinker Capital Inc. grew its holdings in shares of Advanced Energy Industries by 4.9% in the fourth quarter. Brinker Capital Inc. now owns 8,743 shares of the electronics maker’s stock valued at $375,000 after purchasing an additional 406 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. grew its holdings in shares of Advanced Energy Industries by 5.3% in the first quarter. Piedmont Investment Advisors Inc. now owns 9,644 shares of the electronics maker’s stock valued at $479,000 after purchasing an additional 487 shares in the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.

About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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