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

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, November 23rd will be paid a dividend of $0.10 per share by the electronics maker on Friday, December 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, November 23rd.

Advanced Energy Industries has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Energy Industries to earn $12.77 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 3.1%.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $211.56 on Thursday. The stock’s 50 day moving average price is $263.85 and its 200 day moving average price is $306.91. The firm has a market capitalization of $8.56 billion, a PE ratio of 30.44 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.94 and a current ratio of 3.62. Advanced Energy Industries has a one year low of $187.71 and a one year high of $397.44.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, November 2nd. The electronics maker reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.61. The firm had revenue of $696.40 million during the quarter, compared to analysts’ expectations of $644.85 million. Advanced Energy Industries had a return on equity of 24.95% and a net margin of 12.72%. Advanced Energy Industries’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.74 EPS. As a group, sell-side analysts expect that Advanced Energy Industries will post 9.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Advanced Energy Industries in a research note on Wednesday, August 26th. Morgan Stanley decreased their target price on shares of Advanced Energy Industries from $375.00 to $368.00 and set an “overweight” rating for the company in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Advanced Energy Industries in a report on Tuesday, August 4th. Zacks Research lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 23rd. Finally, Wells Fargo & Company dropped their price target on shares of Advanced Energy Industries from $360.00 to $310.00 and set an “overweight” rating on the stock in a research note on Tuesday. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus price target of $391.64.

About Advanced Energy Industries

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company’s portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.