Analysts forecast that Axcelis Technologies Inc (NASDAQ:ACLS) will announce earnings per share (EPS) of $0.35 for the current quarter, according to Zacks. Two analysts have issued estimates for Axcelis Technologies’ earnings. Axcelis Technologies reported earnings of $0.33 per share during the same quarter last year, which would indicate a positive year over year growth rate of 6.1%. The business is expected to announce its next quarterly earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Axcelis Technologies will report full year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.39. For the next financial year, analysts expect that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.60 to $1.97. 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 released its quarterly earnings data on Wednesday, May 2nd. The semiconductor company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Axcelis Technologies had a return on equity of 17.71% and a net margin of 29.46%. The firm had revenue of $122.20 million during the quarter, compared to analyst estimates of $118.08 million. During the same quarter in the prior year, the company posted $0.29 EPS. The company’s quarterly revenue was up 40.6% on a year-over-year basis.

A number of equities analysts recently commented on the company. ValuEngine downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, April 27th. BidaskClub downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Friday, June 8th. Finally, Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, May 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Axcelis Technologies has a consensus rating of “Hold” and an average target price of $30.50.

In related news, EVP Douglas A. Lawson sold 6,107 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $21.72, for a total value of $132,644.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.31% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Elkfork Partners LLC acquired a new position in Axcelis Technologies during the fourth quarter valued at approximately $103,000. State of Alaska Department of Revenue acquired a new position in Axcelis Technologies during the fourth quarter valued at approximately $178,000. Meadow Creek Investment Management LLC acquired a new position in Axcelis Technologies during the fourth quarter valued at approximately $180,000. Advisor Group Inc. grew its holdings in Axcelis Technologies by 87.2% during the fourth quarter. Advisor Group Inc. now owns 7,459 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 3,474 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in Axcelis Technologies during the first quarter valued at approximately $239,000. Institutional investors own 85.94% of the company’s stock.

Axcelis Technologies traded down $0.30, reaching $20.50, during mid-day trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 292,896 shares, compared to its average volume of 400,929. Axcelis Technologies has a fifty-two week low of $18.60 and a fifty-two week high of $37.05. The company has a market capitalization of $652.55 million, a P/E ratio of 13.85, a P/E/G ratio of 0.73 and a beta of 0.97.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.

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

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