Axcelis Technologies, Inc. (ACLS) to Release Earnings on Tuesday
Axcelis Technologies, Inc. (NASDAQ:ACLS) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Axcelis Technologies to post earnings of $0.28 per share for the quarter. Axcelis Technologies has set its Q3 guidance at $0.27-$0.31 EPS.
Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $102.80 million during the quarter, compared to analysts’ expectations of $100.07 million. Axcelis Technologies had a net margin of 9.10% and a return on equity of 12.52%. The firm’s revenue for the quarter was up 59.4% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. On average, analysts expect Axcelis Technologies to post $1.27 EPS for the current fiscal year and $1.67 EPS for the next fiscal year.
Axcelis Technologies, Inc. (NASDAQ ACLS) opened at 33.00 on Tuesday. Axcelis Technologies, Inc. has a 52 week low of $11.05 and a 52 week high of $33.67. The company’s 50 day moving average is $26.55 and its 200 day moving average is $22.69. The stock has a market cap of $1.03 billion, a P/E ratio of 35.41 and a beta of 1.14.
ACLS has been the topic of several recent research reports. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Friday, September 15th. ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Benchmark Co. reiterated a “buy” rating and issued a $28.00 target price (up from $24.00) on shares of Axcelis Technologies in a report on Friday, September 8th. BidaskClub cut shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, B. Riley reiterated a “buy” rating and issued a $30.00 target price on shares of Axcelis Technologies in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $25.67.
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In other Axcelis Technologies news, CFO Kevin J. Brewer sold 17,339 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $20.75, for a total value of $359,784.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Douglas A. Lawson sold 14,454 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $21.12, for a total transaction of $305,268.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,641 shares of company stock valued at $2,347,514. Corporate insiders own 5.66% of the company’s stock.
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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