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

Advanced Energy Industries, Inc. (NASDAQ:AEIS) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Monday, August 26th will be paid a dividend of 0.10 per share by the electronics maker on Friday, September 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Monday, August 26th.

Advanced Energy Industries has a dividend payout ratio of 7.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Energy Industries to earn $3.80 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 10.5%.

Advanced Energy Industries Stock Up 2.9 %

Shares of NASDAQ:AEIS opened at $110.70 on Friday. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $119.75. The firm’s 50 day moving average price is $107.88 and its 200 day moving average price is $103.42. The company has a quick ratio of 4.40, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 40.70, a price-to-earnings-growth ratio of 5.79 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The company had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS. As a group, equities research analysts predict that Advanced Energy Industries will post 2.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on AEIS shares. Stifel Nicolaus began coverage on Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target for the company. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research note on Monday, July 15th. Benchmark reissued a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Advanced Energy Industries currently has an average rating of “Hold” and an average target price of $113.25.

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.