Advanced Energy Industries (NASDAQ:AEIS) posted its earnings results on Monday. The electronics maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05, MarketWatch Earnings reports. The firm had revenue of $173.10 million for the quarter, compared to the consensus estimate of $170.50 million. Advanced Energy Industries had a net margin of 13.18% and a return on equity of 32.59%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. Advanced Energy Industries updated its Q4 2018 guidance to $0.70-0.80 EPS and its Q4 guidance to $0.70-$0.80 EPS.
NASDAQ AEIS opened at $41.88 on Wednesday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 9.90, a P/E/G ratio of 0.99 and a beta of 1.09. Advanced Energy Industries has a twelve month low of $40.43 and a twelve month high of $91.08.
In other Advanced Energy Industries news, CFO Thomas O. Mcgimpsey sold 8,391 shares of the firm’s stock in a transaction dated 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 is available at this link. 1.20% of the stock is owned by company insiders.
Advanced Energy Industries Company Profile
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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