Advanced Energy Industries (NASDAQ:AEIS) issued an update on its fourth quarter 2018 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.70-0.80 for the period, compared to the Thomson Reuters consensus estimate of $1.04. The company issued revenue guidance of $150-160 million, compared to the consensus revenue estimate of $177.5 million.
NASDAQ:AEIS traded down $0.13 during trading hours on Monday, hitting $44.09. 463,011 shares of the company were exchanged, compared to its average volume of 426,732. The company has a market cap of $1.73 billion, a PE ratio of 10.42, a P/E/G ratio of 0.99 and a beta of 1.10. Advanced Energy Industries has a 52-week low of $42.55 and a 52-week high of $95.00.
Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, July 30th. The electronics maker reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.10). The company had revenue of $196.00 million for the quarter, compared to analysts’ expectations of $199.60 million. Advanced Energy Industries had a return on equity of 33.40% and a net margin of 19.68%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 EPS. As a group, research analysts anticipate that Advanced Energy Industries will post 4.45 earnings per share for the current fiscal year.
In other Advanced Energy Industries news, CFO Thomas O. Mcgimpsey sold 8,391 shares of Advanced Energy Industries stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $59.32, for a total transaction of $497,754.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.
About Advanced Energy Industries
Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
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