Advanced Energy Industries (NASDAQ:AEIS) Announces Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Advanced Energy Industries (NASDAQ:AEIS) posted its quarterly earnings data on Wednesday. The electronics maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09), Yahoo Finance reports. Advanced Energy Industries had a return on equity of 11.70% and a net margin of 6.58%. The firm had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. During the same quarter last year, the firm posted $1.10 earnings per share. Advanced Energy Industries’s quarterly revenue was down 22.9% on a year-over-year basis. Advanced Energy Industries updated its Q2 guidance to $0.48-$0.98 EPS and its Q2 2024 guidance to 0.480-0.980 EPS.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $97.99 on Friday. The firm has a 50 day simple moving average of $97.79 and a 200-day simple moving average of $99.13. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 3.37 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10. Advanced Energy Industries has a 1-year low of $81.86 and a 1-year high of $126.38.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be issued a $0.10 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.41%. Advanced Energy Industries’s payout ratio is 14.71%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AEIS. Susquehanna lowered their price target on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday. Wells Fargo & Company lowered their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Benchmark reiterated a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research report on Thursday. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday. Finally, StockNews.com downgraded shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $111.86.

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.