Wall Street brokerages expect Axcelis Technologies Inc (NASDAQ:ACLS) to announce earnings per share (EPS) of $0.20 for the current quarter, Zacks reports. Three analysts have made estimates for Axcelis Technologies’ earnings. Axcelis Technologies posted earnings per share of $0.47 during the same quarter last year, which suggests a negative year over year growth rate of 57.4%. The company is scheduled to issue its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Axcelis Technologies will report full year earnings of $1.30 per share for the current year. For the next year, analysts forecast that the firm will post earnings of $1.34 per share, with EPS estimates ranging from $1.16 to $1.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Axcelis Technologies.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Axcelis Technologies had a net margin of 28.48% and a return on equity of 13.86%. The company had revenue of $95.40 million for the quarter, compared to analyst estimates of $97.82 million. During the same quarter in the prior year, the business posted $0.35 EPS. Axcelis Technologies’s quarterly revenue was down 8.7% on a year-over-year basis.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Monday, November 5th. BidaskClub raised shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Friday, December 28th. Benchmark downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Finally, ValuEngine raised shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Axcelis Technologies currently has a consensus rating of “Hold” and a consensus target price of $27.00.

In other Axcelis Technologies news, Director John T. Kurtzweil sold 2,500 shares of the stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $17.61, for a total value of $44,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.31% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. raised its stake in shares of Axcelis Technologies by 34.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 13,469 shares of the semiconductor company’s stock valued at $267,000 after buying an additional 3,486 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Axcelis Technologies by 2.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 171,176 shares of the semiconductor company’s stock valued at $3,390,000 after buying an additional 3,618 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Axcelis Technologies by 7.0% in the 3rd quarter. Teachers Advisors LLC now owns 63,084 shares of the semiconductor company’s stock valued at $1,240,000 after buying an additional 4,104 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Axcelis Technologies by 7.0% in the 2nd quarter. Legal & General Group Plc now owns 63,566 shares of the semiconductor company’s stock valued at $1,253,000 after buying an additional 4,132 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Axcelis Technologies by 6.3% in the 2nd quarter. Macquarie Group Ltd. now owns 76,910 shares of the semiconductor company’s stock valued at $1,523,000 after buying an additional 4,560 shares in the last quarter. 80.59% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ ACLS traded up $0.62 during trading hours on Wednesday, hitting $18.73. 4,262 shares of the stock were exchanged, compared to its average volume of 216,262. The company has a market cap of $585.69 million, a P/E ratio of 12.79 and a beta of 1.03. Axcelis Technologies has a one year low of $15.46 and a one year high of $31.00.

Axcelis Technologies Company Profile

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 dry strip equipment, curing systems, and thermal processing systems.

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

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