Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) announced 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 dividend on an annualized basis 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% indicating that its dividend is sufficiently covered by earnings. Equities research 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 %
AEIS opened at $95.96 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The firm’s fifty day moving average is $98.15 and its 200 day moving average is $99.20. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 3.29 and a beta of 1.55.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company lowered 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 research note on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $115.14.
Read Our Latest Stock Analysis on Advanced Energy Industries
Advanced Energy Industries Company Profile
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.
Further Reading
- Five stocks we like better than Advanced Energy Industries
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- MarketBeat Week in Review – 4/22 – 4/26
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- 3 Stocks Leading the U.S. Agriculture Comeback
- Stock Sentiment Analysis: How it Works
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.