What is Zacks Research’s Forecast for AEIS FY2024 Earnings?

Advanced Energy Industries, Inc. (NASDAQ:AEIS) – Equities researchers at Zacks Research lifted their FY2024 earnings per share estimates for shares of Advanced Energy Industries in a report issued on Monday, November 18th. Zacks Research analyst R. Department now expects that the electronics maker will earn $2.45 per share for the year, up from their prior estimate of $2.38. The consensus estimate for Advanced Energy Industries’ current full-year earnings is $2.50 per share. Zacks Research also issued estimates for Advanced Energy Industries’ Q4 2024 earnings at $0.81 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $1.60 EPS, Q1 2026 earnings at $0.84 EPS, Q3 2026 earnings at $0.86 EPS and FY2026 earnings at $4.64 EPS.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 earnings per share.

AEIS has been the topic of several other research reports. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price on the stock. Wells Fargo & Company dropped their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Robert W. Baird decreased their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $113.75.

Advanced Energy Industries Stock Down 0.7 %

AEIS stock opened at $110.77 on Thursday. Advanced Energy Industries has a 1-year low of $89.11 and a 1-year high of $120.81. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 97.17, a price-to-earnings-growth ratio of 6.47 and a beta of 1.48. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $107.20 and its 200 day moving average is $106.66.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.36%. Advanced Energy Industries’s payout ratio is 35.09%.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Huntington National Bank grew its holdings in Advanced Energy Industries by 200.0% in the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 208 shares during the period. Quantbot Technologies LP bought a new stake in shares of Advanced Energy Industries in the 3rd quarter worth approximately $41,000. Meeder Asset Management Inc. boosted its position in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 186 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after buying an additional 383 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Advanced Energy Industries during the 2nd quarter valued at approximately $87,000. 99.67% of the stock is currently owned by institutional investors.

About Advanced Energy Industries

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.