Advanced Energy Industries, Inc. (NASDAQ:AEIS) Announces $0.10 Quarterly Dividend

Advanced Energy Industries, Inc. (NASDAQ:AEIS) declared a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Monday, May 27th will be paid a dividend of 0.10 per share by the electronics maker on Friday, June 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Thursday, May 23rd.

Advanced Energy Industries has a payout ratio of 6.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Energy Industries to earn $4.41 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 9.1%.

Advanced Energy Industries Stock Up 2.3 %

NASDAQ:AEIS traded up $2.18 during midday trading on Friday, hitting $95.96. 148,173 shares of the company were exchanged, compared to its average volume of 159,664. The company has a current ratio of 5.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The company has a market capitalization of $3.58 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 3.29 and a beta of 1.55. The company has a fifty day simple moving average of $98.15 and a 200 day simple moving average of $99.22.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. The firm had revenue of $405.27 million during the quarter, compared to analysts’ expectations of $407.66 million. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. As a group, equities analysts anticipate that Advanced Energy Industries will post 2.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Advanced Energy Industries currently has a consensus rating of “Hold” and an average price target of $115.14.

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.