Zacks: Analysts Expect Amtech Systems, Inc. (ASYS) Will Post Earnings of -$0.05 Per Share
Analysts expect that Amtech Systems, Inc. (NASDAQ:ASYS) will announce ($0.05) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Amtech Systems’ earnings. Amtech Systems reported earnings per share of ($0.09) in the same quarter last year, which suggests a positive year-over-year growth rate of 44.4%. The company is scheduled to report its next earnings report on Thursday, August 3rd.
On average, analysts expect that Amtech Systems will report full year earnings of ($0.07) per share for the current financial year. For the next financial year, analysts anticipate that the company will post earnings of $0.36 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Amtech Systems.
Amtech Systems (NASDAQ:ASYS) last posted its earnings results on Wednesday, May 10th. The semiconductor company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. Amtech Systems had a negative return on equity of 4.59% and a negative net margin of 2.16%. The firm had revenue of $32.94 million for the quarter, compared to analysts’ expectations of $27.95 million. During the same period last year, the firm earned ($0.11) EPS. The firm’s revenue was up 46.5% compared to the same quarter last year.
A number of analysts have commented on ASYS shares. Benchmark Co. raised shares of Amtech Systems from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of Amtech Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. TheStreet raised shares of Amtech Systems from a “d+” rating to a “c-” rating in a report on Monday, May 15th. Finally, ValuEngine raised shares of Amtech Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 8th.
Amtech Systems (NASDAQ:ASYS) traded down 1.53% during mid-day trading on Tuesday, reaching $8.37. The company had a trading volume of 34,063 shares. The stock’s market capitalization is $110.48 million. Amtech Systems has a 52-week low of $3.99 and a 52-week high of $9.19. The company’s 50 day moving average is $8.17 and its 200 day moving average is $6.17.
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In other Amtech Systems news, Director Robert F. King sold 4,700 shares of Amtech Systems stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $8.68, for a total transaction of $40,796.00. Following the completion of the sale, the director now owns 12,900 shares of the company’s stock, valued at approximately $111,972. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 34.60% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Amtech Systems by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 413,982 shares of the semiconductor company’s stock valued at $2,277,000 after buying an additional 21,630 shares during the period. Pacific Ridge Capital Partners LLC raised its position in shares of Amtech Systems by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 343,037 shares of the semiconductor company’s stock valued at $1,887,000 after buying an additional 57,881 shares during the period. Renaissance Technologies LLC raised its position in shares of Amtech Systems by 6.6% in the first quarter. Renaissance Technologies LLC now owns 105,736 shares of the semiconductor company’s stock valued at $582,000 after buying an additional 6,500 shares during the period. WealthTrust Axiom LLC raised its position in shares of Amtech Systems by 7.7% in the first quarter. WealthTrust Axiom LLC now owns 59,937 shares of the semiconductor company’s stock valued at $329,000 after buying an additional 4,308 shares during the period. Finally, Ironwood Investment Management LLC raised its position in shares of Amtech Systems by 6.4% in the first quarter. Ironwood Investment Management LLC now owns 39,978 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 2,398 shares during the period. 52.65% of the stock is owned by institutional investors.
About Amtech Systems
Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.
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