Axcelis Technologies, Inc. (ACLS) Expected to Announce Earnings of $0.28 Per Share
Wall Street brokerages expect Axcelis Technologies, Inc. (NASDAQ:ACLS) to announce earnings of $0.28 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Axcelis Technologies’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.27. Axcelis Technologies posted earnings per share of $0.07 during the same quarter last year, which would suggest a positive year-over-year growth rate of 300%. The firm is expected to issue its next earnings report on Wednesday, November 1st.
On average, analysts expect that Axcelis Technologies will report full year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.30. For the next financial year, analysts anticipate that the firm will report earnings of $1.67 per share, with EPS estimates ranging from $1.55 to $1.86. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The company had revenue of $102.80 million during the quarter, compared to analysts’ expectations of $100.07 million. Axcelis Technologies had a net margin of 9.10% and a return on equity of 12.52%. The company’s revenue for the quarter was up 59.4% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share.
Several analysts recently issued reports on ACLS shares. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Friday, September 15th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Benchmark Co. reiterated a “buy” rating and issued a $28.00 price target (up from $24.00) on shares of Axcelis Technologies in a report on Friday, September 8th. BidaskClub downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Wedbush increased their price target on Axcelis Technologies from $23.00 to $27.00 in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.67.
In other news, EVP William J. Bintz sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $22.57, for a total transaction of $282,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas A. Lawson sold 14,454 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $21.12, for a total value of $305,268.48. The disclosure for this sale can be found here. Insiders have sold 106,641 shares of company stock valued at $2,347,514 over the last 90 days. Insiders own 5.66% of the company’s stock.
Several institutional investors have recently made changes to their positions in ACLS. Teachers Advisors LLC grew its stake in shares of Axcelis Technologies by 4.0% during the fourth quarter. Teachers Advisors LLC now owns 46,666 shares of the semiconductor company’s stock valued at $679,000 after acquiring an additional 1,786 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Axcelis Technologies during the first quarter valued at about $875,000. Bank of New York Mellon Corp grew its stake in shares of Axcelis Technologies by 36.9% during 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 acquiring an additional 43,934 shares in the last quarter. KBC Group NV grew its stake in shares of Axcelis Technologies by 18.3% during the first quarter. KBC Group NV now owns 32,443 shares of the semiconductor company’s stock valued at $610,000 after acquiring an additional 5,020 shares in the last quarter. Finally, American International Group Inc. grew its stake in shares of Axcelis Technologies by 7.1% during the first quarter. American International Group Inc. now owns 17,943 shares of the semiconductor company’s stock valued at $337,000 after acquiring an additional 1,184 shares in the last quarter. Institutional investors own 75.34% of the company’s stock.
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Axcelis Technologies (NASDAQ ACLS) traded up 0.36% on Friday, reaching $28.05. The company had a trading volume of 591,272 shares. The firm has a market capitalization of $875.81 million, a price-to-earnings ratio of 30.10 and a beta of 1.15. Axcelis Technologies has a 52-week low of $11.05 and a 52-week high of $29.40. The stock’s 50-day moving average price is $23.12 and its 200 day moving average price is $21.46.
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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