Advanced Energy Industries (AEIS) Releases Earnings Results, Beats Estimates By $0.12 EPS

Advanced Energy Industries (NASDAQ:AEIS) released its earnings results on Monday. The electronics maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12, Morningstar.com reports. The firm had revenue of $140.74 million for the quarter, compared to analysts’ expectations of $143.63 million. Advanced Energy Industries had a return on equity of 27.02% and a net margin of 20.45%. The company’s quarterly revenue was down 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Advanced Energy Industries updated its Q2 2019 guidance to $0.25-0.40 EPS and its Q2 guidance to $0.25-0.40 EPS.

Advanced Energy Industries stock traded down $4.31 during midday trading on Tuesday, reaching $52.28. The company had a trading volume of 12,909 shares, compared to its average volume of 266,410. The firm has a market capitalization of $2.03 billion, a PE ratio of 12.34, a P/E/G ratio of 2.14 and a beta of 1.45. Advanced Energy Industries has a 12-month low of $38.74 and a 12-month high of $69.21.

Several research analysts recently issued reports on the company. ValuEngine cut Advanced Energy Industries from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 9th. BidaskClub raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. TheStreet raised Advanced Energy Industries from a “c+” rating to a “b” rating in a research note on Wednesday, April 3rd. Finally, Zacks Investment Research raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $68.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pearl River Capital LLC increased its holdings in Advanced Energy Industries by 214.4% in the 1st quarter. Pearl River Capital LLC now owns 1,572 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 1,072 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Advanced Energy Industries by 471.0% during the 1st quarter. Quadrant Capital Group LLC now owns 1,890 shares of the electronics maker’s stock worth $89,000 after purchasing an additional 1,559 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Advanced Energy Industries by 15.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,909 shares of the electronics maker’s stock worth $125,000 after purchasing an additional 393 shares during the last quarter. Brasada Capital Management LP purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth $172,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth $204,000. 98.06% of the stock is currently owned by institutional investors and hedge funds.

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Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc engages in the provision of precision power conversion, measurement, and control solutions. Its products are used in complex semiconductor and thin film plasma processes such as dry etch, strip, chemical and physical deposition; high and low voltage applications such as process control, analytical instrumentation and medical equipment; and in temperature-critical thermal applications such as material and chemical processing.

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Earnings History for Advanced Energy Industries (NASDAQ:AEIS)

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