Brokerages predict that Axcelis Technologies Inc (NASDAQ:ACLS) will report sales of $75.00 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Axcelis Technologies’ earnings. Axcelis Technologies reported sales of $119.33 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 37.1%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, August 6th.

According to Zacks, analysts expect that Axcelis Technologies will report full year sales of $345.53 million for the current fiscal year, with estimates ranging from $332.00 million to $363.10 million. For the next fiscal year, analysts anticipate that the firm will report sales of $424.13 million, with estimates ranging from $410.00 million to $442.40 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Axcelis Technologies.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. Axcelis Technologies had a net margin of 9.23% and a return on equity of 9.11%. The firm had revenue of $91.48 million during the quarter, compared to analyst estimates of $93.05 million. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was down 25.1% on a year-over-year basis.

A number of analysts have recently commented on ACLS shares. Zacks Investment Research lowered shares of Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Northland Securities set a $13.00 price target on shares of Nabriva Therapeutics and gave the stock a “buy” rating in a research note on Wednesday, May 8th. BidaskClub lowered shares of Xperi from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 19th. TheStreet lowered shares of ZovioInc . from a “c-” rating to a “d” rating in a research note on Thursday, May 23rd. Finally, Benchmark reiterated a “buy” rating on shares of Gray Television in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Axcelis Technologies has a consensus rating of “Hold” and a consensus price target of $27.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in ACLS. Dynamic Technology Lab Private Ltd purchased a new position in shares of Axcelis Technologies in the 1st quarter valued at approximately $497,000. BBT Capital Management LLC purchased a new position in shares of Axcelis Technologies in the 1st quarter valued at approximately $465,000. Globeflex Capital L P raised its position in shares of Axcelis Technologies by 18.1% in the 1st quarter. Globeflex Capital L P now owns 27,755 shares of the semiconductor company’s stock valued at $558,000 after purchasing an additional 4,255 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Axcelis Technologies by 463.3% in the 1st quarter. Victory Capital Management Inc. now owns 97,234 shares of the semiconductor company’s stock worth $1,956,000 after buying an additional 79,971 shares during the period. Finally, Texas Permanent School Fund increased its holdings in Axcelis Technologies by 4.2% in the 1st quarter. Texas Permanent School Fund now owns 22,107 shares of the semiconductor company’s stock worth $445,000 after buying an additional 897 shares during the period. Institutional investors own 80.57% of the company’s stock.

Shares of ACLS stock traded down $0.06 during trading hours on Friday, reaching $15.33. The company had a trading volume of 174,740 shares, compared to its average volume of 153,461. The business has a fifty day moving average of $14.92. Axcelis Technologies has a one year low of $13.99 and a one year high of $25.17. The firm has a market capitalization of $506.98 million, a price-to-earnings ratio of 11.70 and a beta of 1.35. The company has a current ratio of 5.76, a quick ratio of 3.73 and a debt-to-equity ratio of 0.12.

About Axcelis Technologies

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 curing systems and thermal processing systems.

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

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