Advanced Energy Industries (AEIS) Releases Earnings Results, Beats Expectations By $0.06 EPS

Advanced Energy Industries (AEIS) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.67. The company posted revenue of $118.80 million in the period, compared to analysts expectations of $111.52 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Advanced Energy Industries. Company shares were Reiterated by Dougherty & Company on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $38 .Advanced Energy Industries was Downgraded by Raymond James to ” Mkt Perform” on Jul 14, 2016.

Advanced Energy Industries closed down -0.29 points or -0.71% at $40.72 with 2,32,357 shares getting traded on Friday. Post opening the session at $41.13, the shares hit an intraday low of $40.5 and an intraday high of $41.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 6, 2016, Thomas O Mcgimpsey (EVP Gen Counsel & Corp Sec) sold 6,247 shares at $34.86 per share price. According to the SEC, on Oct 16, 2015, Frederick Ball (director) sold 2,500 shares at $27.45 per share price. On Feb 19, 2015, Danny C Herron (Executive VP & CFO) sold 7,152 shares at $26.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Advanced Energy Industries Inc. is a provider of highly-engineered mission-critical precision power conversion measurement and control solutions. The Company is engaged in designing manufacturing selling and supporting its power conversion products and solutions that transform power into various usable forms in various applications ranging from manufacturing and industrial processes to instrumentation and test and measurement. It also provides repair and maintenance services for all of its products. The Company is organized into two segments: Precision Power Products (Precision Power) and Inverters. The Precision Power segment serves OEMs and end customers in the semiconductor flat panel display solar panel and other industrial capital equipment markets. The Inverters segment focuses on commercial and utility-scale solar projects and installations selling primarily to distributors Engineering Procurement and Construction contractors (EPCs) developers and utility companies.

Advanced Energy Industries

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