Zacks: Brokerages Expect Axcelis Technologies Inc (ACLS) to Announce $0.22 Earnings Per Share
Brokerages expect Axcelis Technologies Inc (NASDAQ:ACLS) to report earnings per share of $0.22 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Axcelis Technologies’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.22. Axcelis Technologies reported earnings per share of $0.08 during the same quarter last year, which indicates a positive year-over-year growth rate of 175%. The company is expected to issue its next earnings results after the market closes on Thursday, May 4th.
According to Zacks, analysts expect that Axcelis Technologies will report full year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $1.12. For the next financial year, analysts forecast that the business will post earnings of $1.71 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Wednesday, February 1st. The semiconductor company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. Axcelis Technologies had a return on equity of 5.65% and a net margin of 4.12%. The business earned $69.40 million during the quarter, compared to the consensus estimate of $68.82 million. During the same period in the previous year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis.
Several research analysts have recently commented on ACLS shares. B. Riley reiterated a “buy” rating and issued a $20.00 target price on shares of Axcelis Technologies in a research report on Tuesday, February 7th. Benchmark Co. reiterated a “buy” rating and issued a $18.50 target price on shares of Axcelis Technologies in a research report on Thursday, February 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Axcelis Technologies in a research report on Tuesday, January 31st. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, January 31st. Finally, Stifel Nicolaus lowered Axcelis Technologies from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Friday, January 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Axcelis Technologies has an average rating of “Buy” and an average target price of $18.80.
In related news, VP Lynnette C. Fallon sold 37,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $16.45, for a total value of $616,875.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin J. Brewer sold 49,874 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $16.49, for a total value of $822,422.26. The disclosure for this sale can be found here. In the last three months, insiders sold 107,624 shares of company stock worth $1,763,500. Company insiders own 5.13% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Northpointe Capital LLC acquired a new stake in shares of Axcelis Technologies during the third quarter valued at $5,303,000. Symmetry Peak Management LLC acquired a new stake in shares of Axcelis Technologies during the third quarter valued at $232,000. Kettle Hill Capital Management LLC acquired a new stake in shares of Axcelis Technologies during the fourth quarter valued at $2,103,000. Dimensional Fund Advisors LP increased its stake in shares of Axcelis Technologies by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,602,993 shares of the semiconductor company’s stock valued at $23,323,000 after buying an additional 82,443 shares during the last quarter. Finally, Kalmar Investments Inc. DE acquired a new stake in shares of Axcelis Technologies during the third quarter valued at $771,000. 71.74% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Axcelis Technologies (NASDAQ:ACLS) traded down 0.53% during trading on Tuesday, hitting $18.60. The stock had a trading volume of 266,892 shares. The company has a market cap of $556.46 million, a P/E ratio of 51.67 and a beta of 1.32. Axcelis Technologies has a one year low of $8.92 and a one year high of $19.00. The stock’s 50-day moving average price is $16.75 and its 200-day moving average price is $15.00.
About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. The Company sells its equipment to semiconductor chip manufacturers across the world.
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