Axcelis Technologies Inc (ACLS) Expected to Announce Earnings of $0.35 Per Share

Wall Street brokerages predict that Axcelis Technologies Inc (NASDAQ:ACLS) will report $0.35 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Axcelis Technologies’ earnings. Axcelis Technologies reported earnings per share of $0.29 in the same quarter last year, which would suggest a positive year over year growth rate of 20.7%. The business is scheduled to report its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Axcelis Technologies will report full year earnings of $1.34 per share for the current year, with EPS estimates ranging from $1.30 to $1.37. For the next year, analysts forecast that the firm will post earnings of $1.82 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Axcelis Technologies.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The business had revenue of $116.40 million during the quarter, compared to the consensus estimate of $109.76 million. During the same period in the prior year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 67.7% on a year-over-year basis.

Several equities analysts recently weighed in on the company. Needham & Company LLC dropped their price objective on Axcelis Technologies from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday. Zacks Investment Research raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Thursday, November 2nd. Stifel Nicolaus raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, January 22nd. Craig Hallum downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Axcelis Technologies in a research note on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $32.50.

In other Axcelis Technologies news, CFO Kevin J. Brewer sold 44,640 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $33.93, for a total transaction of $1,514,635.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John T. Kurtzweil sold 1,800 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total value of $61,254.00. The disclosure for this sale can be found here. 5.66% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in ACLS. BlackRock Inc. grew its holdings in Axcelis Technologies by 97.1% during the 4th quarter. BlackRock Inc. now owns 3,914,998 shares of the semiconductor company’s stock valued at $112,361,000 after buying an additional 1,928,927 shares during the last quarter. Peregrine Capital Management LLC grew its holdings 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 buying an additional 257,541 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Axcelis Technologies by 138.9% during the fourth quarter. Bank of New York Mellon Corp now owns 414,222 shares of the semiconductor company’s stock worth $11,888,000 after purchasing an additional 240,807 shares during the last quarter. SG Capital Management LLC acquired a new stake in shares of Axcelis Technologies during the third quarter worth $6,192,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Axcelis Technologies during the fourth quarter worth $3,727,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Axcelis Technologies (ACLS) traded up $0.60 during midday trading on Friday, reaching $23.05. The company had a trading volume of 792,613 shares, compared to its average volume of 578,990. 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 $719.71, a P/E ratio of 6.15, a P/E/G ratio of 0.66 and a beta of 1.01.

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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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Earnings History and Estimates for Axcelis Technologies (NASDAQ:ACLS)

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