Analysts Expect Axcelis Technologies, Inc. (ACLS) Will Post Quarterly Sales of $95.03 Million
Equities research analysts forecast that Axcelis Technologies, Inc. (NASDAQ:ACLS) will announce $95.03 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Axcelis Technologies’ earnings, with the lowest sales estimate coming in at $95.00 million and the highest estimate coming in at $95.10 million. Axcelis Technologies posted sales of $65.65 million during the same quarter last year, which indicates a positive year over year growth rate of 44.8%. The firm is expected to issue its next earnings results after the market closes on Thursday, November 2nd.
On average, analysts expect that Axcelis Technologies will report full year sales of $95.03 million for the current fiscal year, with estimates ranging from $379.80 million to $380.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $414.53 million per share, with estimates ranging from $402.60 million to $429.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The business had revenue of $102.80 million for the quarter, compared to the consensus estimate of $100.07 million. Axcelis Technologies had a return on equity of 12.52% and a net margin of 9.10%. The company’s quarterly revenue was up 59.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share.
ACLS has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. B. Riley reissued a “buy” rating and set a $30.00 price target on shares of Axcelis Technologies in a research note on Friday, August 4th. BidaskClub downgraded shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Benchmark Co. reissued a “buy” rating and set a $28.00 price target (up from $24.00) on shares of Axcelis Technologies in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.67.
Shares of Axcelis Technologies (NASDAQ:ACLS) opened at 32.15 on Friday. The company has a market capitalization of $1.00 billion, a PE ratio of 34.50 and a beta of 1.15. Axcelis Technologies has a one year low of $11.05 and a one year high of $33.67. The company’s 50-day moving average is $27.06 and its 200-day moving average is $22.87.
In other Axcelis Technologies news, CFO Kevin J. Brewer sold 62,348 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $22.46, for a total value of $1,400,336.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William J. Bintz sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $22.57, for a total transaction of $282,125.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,641 shares of company stock valued at $2,347,514. 5.66% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of ACLS. Russell Investments Group Ltd. bought a new stake in Axcelis Technologies in the first quarter valued at approximately $875,000. Bank of New York Mellon Corp increased its stake in Axcelis Technologies by 36.9% in the first quarter. Bank of New York Mellon Corp now owns 163,130 shares of the semiconductor company’s stock valued at $3,067,000 after purchasing an additional 43,934 shares in the last quarter. American International Group Inc. increased its stake in Axcelis Technologies by 7.1% in the first quarter. American International Group Inc. now owns 17,943 shares of the semiconductor company’s stock valued at $337,000 after purchasing an additional 1,184 shares in the last quarter. Teachers Advisors LLC increased its stake in Axcelis Technologies by 3.4% in the first quarter. Teachers Advisors LLC now owns 48,234 shares of the semiconductor company’s stock valued at $907,000 after purchasing an additional 1,568 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Axcelis Technologies by 5.2% in the first quarter. Vanguard Group Inc. now owns 1,225,693 shares of the semiconductor company’s stock valued at $23,043,000 after purchasing an additional 61,085 shares in the last quarter. 74.59% of the stock is owned by hedge funds and other institutional investors.
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Axcelis Technologies Company Profile
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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