Advanced Energy Industries, Inc. (NASDAQ:AEIS) Declares Quarterly Dividend of $0.10

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Monday, October 28th,RTT News reports. Stockholders of record on Monday, November 25th will be given a dividend of 0.10 per share by the electronics maker on Friday, December 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th.

Advanced Energy Industries has a dividend payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Energy Industries to earn $3.78 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.6%.

Advanced Energy Industries Stock Up 2.4 %

Shares of NASDAQ:AEIS opened at $115.19 on Friday. The firm has a market capitalization of $4.34 billion, a PE ratio of 101.04, a price-to-earnings-growth ratio of 6.61 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. Advanced Energy Industries has a 52-week low of $89.11 and a 52-week high of $120.81. The firm has a fifty day moving average of $107.87 and a 200 day moving average of $106.84.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. As a group, research analysts anticipate that Advanced Energy Industries will post 2.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares in the company, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on AEIS shares. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a “buy” rating and a $135.00 price target on the stock. Susquehanna decreased their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Robert W. Baird cut their price target on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company decreased their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Finally, Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $113.75.

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.