What is Zacks Research’s Estimate for AEIS Q3 Earnings?

Advanced Energy Industries, Inc. (NASDAQ:AEIS) – Equities researchers at Zacks Research decreased their Q3 2024 earnings per share estimates for Advanced Energy Industries in a report released on Wednesday, October 30th. Zacks Research analyst R. Department now anticipates that the electronics maker will earn $0.66 per share for the quarter, down from their prior forecast of $0.67. The consensus estimate for Advanced Energy Industries’ current full-year earnings is $2.47 per share. Zacks Research also issued estimates for Advanced Energy Industries’ FY2024 earnings at $2.38 EPS, FY2025 earnings at $3.57 EPS and Q3 2026 earnings at $0.88 EPS.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.14. The business had revenue of $364.95 million during the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.05%. Advanced Energy Industries’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS.

Several other analysts also recently weighed in on the company. StockNews.com downgraded Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. TD Cowen reduced their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday. Robert W. Baird dropped their target price 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. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Finally, Benchmark reaffirmed a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $112.75.

Advanced Energy Industries Trading Up 1.0 %

Shares of NASDAQ:AEIS opened at $109.57 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. The stock’s 50-day moving average is $104.05 and its 200-day moving average is $104.84. The company has a market cap of $4.13 billion, a P/E ratio of 96.11, a P/E/G ratio of 5.45 and a beta of 1.49. Advanced Energy Industries has a 52-week low of $85.26 and a 52-week high of $119.75.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is 35.09%.

Institutional Investors Weigh In On Advanced Energy Industries

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after buying an additional 383 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at $87,000. Blue Trust Inc. grew its holdings in shares of Advanced Energy Industries by 2,150.0% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after purchasing an additional 774 shares during the last quarter. Signaturefd LLC increased its position in shares of Advanced Energy Industries by 28.0% during the 3rd quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock worth $106,000 after purchasing an additional 220 shares in the last quarter. Finally, Hilltop National Bank lifted its holdings in Advanced Energy Industries by 13.4% during the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after purchasing an additional 116 shares during the last quarter. 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.