Brokerages Expect Advanced Energy (AEIS) to Post $1.36 EPS

Equities research analysts predict that Advanced Energy (NASDAQ:AEIS) will post earnings of $1.36 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Advanced Energy’s earnings, with estimates ranging from $1.34 to $1.38. Advanced Energy posted earnings of $1.22 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.5%. The firm is scheduled to announce its next earnings report on Monday, July 30th.

According to Zacks, analysts expect that Advanced Energy will report full year earnings of $5.35 per share for the current year, with EPS estimates ranging from $5.13 to $5.45. For the next financial year, analysts forecast that the company will report earnings of $5.75 per share, with EPS estimates ranging from $5.60 to $5.86. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Advanced Energy.

Advanced Energy (NASDAQ:AEIS) last issued its quarterly earnings data on Monday, April 30th. The electronics maker reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.01. The firm had revenue of $195.62 million during the quarter, compared to analyst estimates of $187.92 million. Advanced Energy had a return on equity of 34.76% and a net margin of 20.47%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 earnings per share.

A number of research analysts recently commented on the stock. Needham & Company LLC lowered their price target on shares of Advanced Energy from $97.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, May 2nd. Cowen assumed coverage on shares of Advanced Energy in a report on Tuesday, May 15th. They issued an “outperform” rating and a $78.00 price target for the company. BidaskClub downgraded shares of Advanced Energy from a “hold” rating to a “sell” rating in a report on Wednesday, March 28th. Citigroup lowered their price target on shares of Advanced Energy from $77.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Advanced Energy from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.17.

Shares of Advanced Energy stock traded up $0.10 during trading on Friday, reaching $61.93. 260,530 shares of the stock traded hands, compared to its average volume of 435,156. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.37 and a beta of 1.35. Advanced Energy has a 52-week low of $57.35 and a 52-week high of $95.00.

Advanced Energy declared that its Board of Directors has approved a share buyback plan on Monday, May 7th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the electronics maker to buy up to 2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

In related news, CEO Yuval Wasserman sold 55,540 shares of the stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $62.40, for a total value of $3,465,696.00. Following the completion of the transaction, the chief executive officer now owns 141,929 shares of the company’s stock, valued at approximately $8,856,369.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Ramsey Quantitative Systems bought a new stake in Advanced Energy in the fourth quarter worth about $193,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Advanced Energy during the fourth quarter worth approximately $223,000. Two Sigma Securities LLC purchased a new position in shares of Advanced Energy during the fourth quarter worth approximately $231,000. Xact Kapitalforvaltning AB purchased a new position in shares of Advanced Energy during the fourth quarter worth approximately $259,000. Finally, Ifrah Financial Services Inc. purchased a new position in shares of Advanced Energy during the first quarter worth approximately $286,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

About Advanced Energy

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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Earnings History and Estimates for Advanced Energy (NASDAQ:AEIS)

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