Advanced Energy Industries (NASDAQ:AEIS) Issues Quarterly Earnings Results, Beats Estimates By $0.61 EPS

Advanced Energy Industries (NASDAQ:AEIS) released its quarterly earnings data on Monday. The electronics maker reported $3.65 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.61, FiscalAI reports. Advanced Energy Industries had a return on equity of 20.75% and a net margin of 10.77%. The firm had revenue of $696.40 million during the quarter, compared to analyst estimates of $644.85 million.

Advanced Energy Industries Price Performance

Shares of AEIS stock traded down $4.87 during mid-day trading on Monday, hitting $217.19. 821,554 shares of the stock traded hands, compared to its average volume of 742,465. Advanced Energy Industries has a twelve month low of $187.71 and a twelve month high of $397.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 40.52 and a beta of 1.38. The company’s 50-day simple moving average is $267.24 and its 200-day simple moving average is $307.22.

Analyst Ratings Changes

AEIS has been the topic of several recent research reports. Morgan Stanley set a $375.00 price objective on Advanced Energy Industries in a report on Monday, October 26th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Energy Industries in a research note on Tuesday, September 22nd. TD Cowen boosted their price target on Advanced Energy Industries from $350.00 to $370.00 and gave the stock a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Energy Industries in a report on Wednesday, August 26th. Finally, Seaport Research Partners raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a research note on Tuesday, August 4th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Advanced Energy Industries presently has an average rating of “Moderate Buy” and a consensus price target of $404.17.

Insider Activity

In other Advanced Energy Industries news, COO Eduardo Acebedo sold 24,771 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the transaction, the chief operating officer owned 23,109 shares in the company, valued at $7,290,427.32. This trade represents a 51.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth Vonne sold 632 shares of Advanced Energy Industries stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $288.14, for a total value of $182,104.48. Following the completion of the transaction, the executive vice president owned 9,177 shares in the company, valued at approximately $2,644,260.78. This represents a 6.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 27,218 shares of company stock worth $8,562,008. 1.30% of the stock is currently owned by company insiders.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company’s portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.