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

Advanced Energy Industries (NASDAQ:AEIS) is scheduled to announce its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce 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.Investors interested in listening to the company’s conference call can do so using this link.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The firm had revenue of $327.50 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $1.10 EPS. 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

NASDAQ AEIS opened at $110.01 on Monday. The company has a market cap of $4.12 billion, a P/E ratio of 40.44, a P/E/G ratio of 5.38 and a beta of 1.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.40 and a current ratio of 5.61. The business’s 50 day moving average price is $108.97 and its 200-day moving average price is $103.44. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38.

Analysts Set New Price Targets

AEIS has been the topic of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Tuesday, June 25th. Benchmark reissued a “buy” rating and set a $117.00 target price on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. Citigroup downgraded Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a research report on Monday, July 15th. Susquehanna cut their target price on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Finally, StockNews.com downgraded Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.