Advanced Energy Industries (AEIS) to Release Quarterly Earnings on Tuesday

Advanced Energy Industries (NASDAQ:AEIS) will release its earnings data after the market closes on Tuesday, July 30th. Analysts expect Advanced Energy Industries to post earnings of $0.69 per share for the quarter. Advanced Energy Industries has set its Q2 guidance at $0.48-$0.98 EPS and its Q2 2024 guidance at 0.480-0.980 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The business had revenue of $327.50 million for the quarter, compared to analyst estimates of $351.74 million. Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The business’s revenue was down 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. On average, analysts expect Advanced Energy Industries to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Advanced Energy Industries Stock Performance

AEIS opened at $110.01 on Monday. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $4.12 billion, a PE ratio of 40.44, a PEG ratio of 5.38 and a beta of 1.52. The firm’s 50-day moving average price is $108.97 and its 200 day moving average price is $103.44. Advanced Energy Industries has a twelve month low of $81.86 and a twelve month high of $126.38.

Analysts Set New Price Targets

Several research firms have weighed in on AEIS. Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a report on Monday, July 15th. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Tuesday, June 25th. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Susquehanna decreased their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Advanced Energy Industries currently has an average rating of “Hold” and an average target price of $105.33.

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.