Zacks: Analysts Expect Amtech Systems, Inc. (ASYS) Will Post Earnings of -$0.05 Per Share
Equities analysts expect that Amtech Systems, Inc. (NASDAQ:ASYS) will post earnings of ($0.05) per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Amtech Systems’ earnings. Amtech Systems reported earnings of ($0.09) per share in the same quarter last year, which would suggest a positive year over year growth rate of 44.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.
On average, analysts expect that Amtech Systems will report full year earnings of ($0.07) per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $0.36 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Amtech Systems.
Amtech Systems (NASDAQ:ASYS) last posted its quarterly earnings results on Wednesday, May 10th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. Amtech Systems had a negative net margin of 2.16% and a negative return on equity of 4.59%. The company had revenue of $32.94 million for the quarter, compared to analyst estimates of $27.95 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. The company’s quarterly revenue was up 46.5% compared to the same quarter last year.
A number of equities research analysts have commented on the stock. TheStreet upgraded shares of Amtech Systems from a “d+” rating to a “c-” rating in a research note on Monday, May 15th. Benchmark Co. reduced their price objective on shares of Amtech Systems from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 11th. ValuEngine upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Zacks Investment Research upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating and set a $8.50 price objective on the stock in a research report on Tuesday, May 16th.
In other news, Director Robert F. King sold 4,700 shares of Amtech Systems stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $8.68, for a total transaction of $40,796.00. Following the sale, the director now owns 12,900 shares in the company, valued at $111,972. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 34.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in Amtech Systems by 29.5% in the fourth quarter. Renaissance Technologies LLC now owns 99,236 shares of the semiconductor company’s stock valued at $422,000 after buying an additional 22,600 shares during the last quarter. WealthTrust Axiom LLC boosted its stake in Amtech Systems by 7.7% in the first quarter. WealthTrust Axiom LLC now owns 59,937 shares of the semiconductor company’s stock valued at $329,000 after buying an additional 4,308 shares during the last quarter. Algert Global LLC bought a new stake in Amtech Systems during the first quarter valued at about $147,000. Pacific Ridge Capital Partners LLC boosted its stake in Amtech Systems by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 343,037 shares of the semiconductor company’s stock valued at $1,887,000 after buying an additional 57,881 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Amtech Systems by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 413,982 shares of the semiconductor company’s stock valued at $2,277,000 after buying an additional 21,630 shares during the last quarter. Hedge funds and other institutional investors own 52.65% of the company’s stock.
Amtech Systems (ASYS) traded down 1.53% during mid-day trading on Tuesday, hitting $8.37. 34,063 shares of the stock traded hands. The company’s 50 day moving average price is $8.17 and its 200-day moving average price is $6.17. The stock’s market cap is $110.48 million. Amtech Systems has a 1-year low of $3.99 and a 1-year high of $9.19.
About Amtech Systems
Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.
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