Advanced Energy Industries (NASDAQ:AEIS) Issues Q4 Earnings Guidance

Advanced Energy Industries (NASDAQ:AEIS) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.56-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58. The company issued revenue guidance of $295-325 million, compared to the consensus revenue estimate of $286.00 million.

Advanced Energy Industries stock traded up $6.03 during midday trading on Tuesday, reaching $69.26. 16,716 shares of the stock traded hands, compared to its average volume of 319,958. The company has a 50-day simple moving average of $57.48 and a two-hundred day simple moving average of $54.40. Advanced Energy Industries has a 12-month low of $38.74 and a 12-month high of $64.59. The firm has a market cap of $2.43 billion, a PE ratio of 16.43 and a beta of 1.52. The company has a current ratio of 5.83, a quick ratio of 4.87 and a debt-to-equity ratio of 0.07.

AEIS has been the subject of several recent research reports. DA Davidson raised shares of Advanced Energy Industries from a neutral rating to a buy rating in a research report on Thursday, September 26th. Citigroup raised Advanced Energy Industries from a neutral rating to a buy rating and upped their price objective for the stock from $55.00 to $68.00 in a research report on Monday, September 23rd. Cowen cut Advanced Energy Industries from an outperform rating to a market perform rating and reduced their price objective for the company from $60.00 to $57.00 in a research note on Friday, October 11th. ValuEngine cut Advanced Energy Industries from a buy rating to a hold rating in a research note on Monday, October 7th. Finally, BidaskClub upgraded Advanced Energy Industries from a sell rating to a hold rating in a report on Saturday, September 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $65.50.

In other news, CEO Yuval Wasserman sold 6,610 shares of Advanced Energy Industries stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $60.05, for a total value of $396,930.50. Following the completion of the transaction, the chief executive officer now owns 160,801 shares in the company, valued at approximately $9,656,100.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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