Wall Street brokerages expect AXT Inc (NASDAQ:AXTI) to post ($0.04) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for AXT’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.03). AXT posted earnings per share of $0.07 in the same quarter last year, which would indicate a negative year-over-year growth rate of 157.1%. The company is scheduled to announce its next earnings results on Wednesday, April 24th.

On average, analysts expect that AXT will report full-year earnings of $0.07 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.16. For the next fiscal year, analysts anticipate that the company will post earnings of $0.32 per share, with EPS estimates ranging from $0.30 to $0.34. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover AXT.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.05). The firm had revenue of $22.20 million during the quarter, compared to the consensus estimate of $22.21 million. AXT had a net margin of 9.43% and a return on equity of 5.06%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut AXT from a “hold” rating to a “sell” rating in a research report on Thursday, December 6th. ValuEngine raised AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. Finally, TheStreet cut AXT from a “b-” rating to a “c+” rating in a research report on Thursday, December 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. AXT presently has an average rating of “Buy” and an average target price of $7.88.

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in AXT by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 393,732 shares of the semiconductor company’s stock worth $1,712,000 after purchasing an additional 17,921 shares during the period. Raging Capital Management LLC bought a new stake in shares of AXT in the fourth quarter valued at approximately $1,959,000. Ancora Advisors LLC boosted its position in shares of AXT by 59.1% in the fourth quarter. Ancora Advisors LLC now owns 225,030 shares of the semiconductor company’s stock valued at $979,000 after acquiring an additional 83,556 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of AXT in the fourth quarter valued at approximately $209,000. Finally, Bank of America Corp DE boosted its position in shares of AXT by 26.8% in the fourth quarter. Bank of America Corp DE now owns 130,684 shares of the semiconductor company’s stock valued at $569,000 after acquiring an additional 27,646 shares during the period. 54.95% of the stock is owned by hedge funds and other institutional investors.

AXT stock traded up $0.03 during trading hours on Wednesday, reaching $4.44. 131,800 shares of the company were exchanged, compared to its average volume of 290,625. The stock has a market capitalization of $177.51 million, a P/E ratio of 18.50, a PEG ratio of 4.21 and a beta of 1.19. AXT has a 12 month low of $3.70 and a 12 month high of $9.38.

About AXT

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It manufactures semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide (InP) for use in fiber optic lasers and detectors, passive optical networks, data center connectivity, silicon photonics, photonic integrated circuits, terrestrial solar cells, lasers, military wireless RF amplifiers, infrared motion control, and infrared thermal imaging products.

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