Brokerages Expect Axcelis Technologies, Inc. (NASDAQ:ACLS) to Announce $0.33 Earnings Per Share
Analysts expect Axcelis Technologies, Inc. (NASDAQ:ACLS) to announce earnings per share of $0.33 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Axcelis Technologies’ earnings. The highest EPS estimate is $0.34 and the lowest is $0.32. Axcelis Technologies posted earnings of $0.10 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 230%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, August 3rd.
On average, analysts expect that Axcelis Technologies will report full year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.20. For the next fiscal year, analysts anticipate that the business will post earnings of $1.62 per share, with EPS estimates ranging from $1.45 to $1.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, May 4th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Axcelis Technologies had a net margin of 6.48% and a return on equity of 9.19%. The business had revenue of $86.90 million for the quarter, compared to analysts’ expectations of $80.15 million. During the same period last year, the company earned $0.02 earnings per share. The company’s quarterly revenue was up 28.7% on a year-over-year basis.
Several equities analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $30.00 target price on shares of Axcelis Technologies in a research note on Wednesday, May 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 target price (up previously from $23.00) on shares of Axcelis Technologies in a research note on Friday, June 16th. Zacks Investment Research cut Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Stifel Nicolaus lowered their target price on Axcelis Technologies from $19.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, May 15th. Finally, Wedbush lifted their target price on Axcelis Technologies from $23.00 to $27.00 in a research note on Friday, June 16th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $24.67.
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Axcelis Technologies (NASDAQ:ACLS) traded up 0.65% during midday trading on Monday, hitting $23.15. 225,231 shares of the company traded hands. The company has a market cap of $696.70 million, a PE ratio of 38.91 and a beta of 1.09. The stock has a 50 day moving average price of $22.98 and a 200-day moving average price of $18.97. Axcelis Technologies has a 12-month low of $10.43 and a 12-month high of $26.52.
In related news, EVP Douglas A. Lawson sold 12,117 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $21.18, for a total value of $256,638.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary G. Puma sold 187,500 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $21.05, for a total value of $3,946,875.00. The disclosure for this sale can be found here. In the last three months, insiders sold 608,009 shares of company stock valued at $13,254,355. 5.66% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Schneider Capital Management Corp boosted its stake in shares of Axcelis Technologies by 0.7% in the first quarter. Schneider Capital Management Corp now owns 394,346 shares of the semiconductor company’s stock valued at $7,414,000 after buying an additional 2,783 shares during the last quarter. PEAK6 Investments L.P. boosted its stake in shares of Axcelis Technologies by 160.8% in the first quarter. PEAK6 Investments L.P. now owns 18,799 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 11,591 shares during the last quarter. Symmetry Peak Management LLC purchased a new stake in shares of Axcelis Technologies during the first quarter valued at approximately $470,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Axcelis Technologies by 11.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,593 shares of the semiconductor company’s stock valued at $300,000 after buying an additional 2,060 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Axcelis Technologies by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,602,993 shares of the semiconductor company’s stock valued at $23,323,000 after buying an additional 82,443 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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