Brokerages Anticipate Advanced Energy (AEIS) to Announce $1.32 Earnings Per Share

Equities analysts expect Advanced Energy (NASDAQ:AEIS) to announce earnings of $1.32 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Advanced Energy’s earnings, with the lowest EPS estimate coming in at $1.30 and the highest estimate coming in at $1.35. Advanced Energy posted earnings of $1.04 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.9%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, April 30th.

According to Zacks, analysts expect that Advanced Energy will report full-year earnings of $5.21 per share for the current year, with EPS estimates ranging from $5.10 to $5.47. For the next fiscal year, analysts forecast that the firm will post earnings of $5.44 per share, with EPS estimates ranging from $5.19 to $5.75. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Advanced Energy.

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Advanced Energy (NASDAQ:AEIS) last released its earnings results on Tuesday, January 30th. The electronics maker reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. The firm had revenue of $179.21 million for the quarter, compared to analyst estimates of $177.07 million. Advanced Energy had a return on equity of 35.06% and a net margin of 20.55%. Advanced Energy’s revenue was up 32.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share.



A number of research firms recently issued reports on AEIS. Zacks Investment Research raised Advanced Energy from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Monday, February 5th. BidaskClub lowered Advanced Energy from a “hold” rating to a “sell” rating in a report on Wednesday, March 28th. Finally, DA Davidson began coverage on Advanced Energy in a report on Wednesday, January 10th. They set a “buy” rating and a $100.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $87.25.

NASDAQ:AEIS traded down $2.47 during mid-day trading on Wednesday, reaching $65.95. 604,424 shares of the stock were exchanged, compared to its average volume of 467,849. The firm has a market cap of $2,669.56, a P/E ratio of 15.59, a PEG ratio of 1.56 and a beta of 1.31. Advanced Energy has a 1-year low of $60.06 and a 1-year high of $95.00.

Institutional investors and hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new position in Advanced Energy in the 4th quarter worth about $122,000. Ramsey Quantitative Systems purchased a new position in Advanced Energy in the 4th quarter worth about $193,000. Macquarie Group Ltd. purchased a new position in Advanced Energy in the 3rd quarter worth about $202,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Advanced Energy in the 4th quarter worth about $223,000. Finally, Two Sigma Securities LLC purchased a new position in Advanced Energy in the 4th quarter worth about $231,000. 94.35% of the stock is currently owned by hedge funds and other institutional investors.

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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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