Axcelis Technologies Inc (ACLS) Expected to Post Earnings of $0.39 Per Share

Brokerages expect Axcelis Technologies Inc (NASDAQ:ACLS) to report earnings per share of $0.39 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Axcelis Technologies’ earnings. Axcelis Technologies reported earnings per share of $0.13 during the same quarter last year, which indicates a positive year-over-year growth rate of 200%. The company is expected to issue its next earnings results after the market closes on Tuesday, February 6th.

According to Zacks, analysts expect that Axcelis Technologies will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.39 to $1.46. For the next financial year, analysts forecast that the business will post earnings of $1.81 per share, with EPS estimates ranging from $1.70 to $1.93. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Axcelis Technologies.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.10. Axcelis Technologies had a net margin of 10.80% and a return on equity of 16.37%.

A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Thursday, November 2nd. Stifel Nicolaus raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Monday. Craig Hallum cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. B. Riley reissued a “buy” rating and set a $39.00 price target on shares of Axcelis Technologies in a research report on Tuesday, December 5th. Finally, ValuEngine cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Axcelis Technologies currently has an average rating of “Buy” and an average target price of $32.17.

Axcelis Technologies (NASDAQ:ACLS) opened at $28.10 on Wednesday. Axcelis Technologies has a 12-month low of $14.60 and a 12-month high of $37.05. The stock has a market cap of $877.39, a PE ratio of 23.61, a P/E/G ratio of 0.72 and a beta of 1.10.

In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total transaction of $61,254.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lynnette C. Fallon sold 56,250 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $32.92, for a total transaction of $1,851,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 190,190 shares of company stock valued at $6,334,389. 5.66% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in ACLS. Peregrine Capital Management LLC increased its stake in Axcelis Technologies by 45.0% during the 3rd quarter. Peregrine Capital Management LLC now owns 830,397 shares of the semiconductor company’s stock valued at $22,711,000 after purchasing an additional 257,541 shares in the last quarter. SG Capital Management LLC bought a new stake in Axcelis Technologies during the 3rd quarter valued at about $6,192,000. PDT Partners LLC increased its stake in Axcelis Technologies by 159.3% during the 2nd quarter. PDT Partners LLC now owns 176,305 shares of the semiconductor company’s stock valued at $3,694,000 after purchasing an additional 108,305 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in Axcelis Technologies during the 3rd quarter valued at about $2,538,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Axcelis Technologies by 146.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 153,103 shares of the semiconductor company’s stock valued at $4,188,000 after purchasing an additional 91,003 shares in the last quarter. Institutional investors and hedge funds own 77.72% of the company’s stock.

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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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