Equities research analysts forecast that Axcelis Technologies Inc (NASDAQ:ACLS) will announce $0.16 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Axcelis Technologies’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.17. Axcelis Technologies reported earnings of $0.25 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 36%. The company is expected to report its next quarterly earnings report on Wednesday, February 5th.

According to Zacks, analysts expect that Axcelis Technologies will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.40. For the next year, analysts expect that the firm will report earnings of $1.13 per share, with EPS estimates ranging from $0.95 to $1.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Axcelis Technologies.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Axcelis Technologies had a return on equity of 3.85% and a net margin of 4.63%. The company had revenue of $69.45 million for the quarter, compared to analysts’ expectations of $70.90 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was down 27.2% on a year-over-year basis.

Several research analysts have issued reports on ACLS shares. Zacks Investment Research lowered Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. TheStreet upgraded Axcelis Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, December 11th. BidaskClub upgraded Axcelis Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday. ValuEngine lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, DA Davidson assumed coverage on Axcelis Technologies in a report on Thursday, December 5th. They issued a “buy” rating and a $30.00 price target for the company. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.67.

Shares of NASDAQ:ACLS traded up $0.19 during trading hours on Thursday, hitting $24.62. 4,019 shares of the company’s stock traded hands, compared to its average volume of 169,361. Axcelis Technologies has a 1 year low of $13.99 and a 1 year high of $25.18. The business has a fifty day moving average price of $23.56 and a 200-day moving average price of $18.83. The firm has a market capitalization of $792.02 million, a P/E ratio of 18.78 and a beta of 1.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.62 and a quick ratio of 3.42.

In related news, EVP William J. Bintz sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $22.50, for a total value of $337,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Kurtzweil sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $22.42, for a total value of $67,260.00. Insiders sold 123,000 shares of company stock valued at $2,784,981 in the last quarter. 3.72% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Tyers Asset Management LLC lifted its holdings in Axcelis Technologies by 17.3% during the second quarter. Tyers Asset Management LLC now owns 5,536 shares of the semiconductor company’s stock worth $83,000 after buying an additional 816 shares during the period. State of Tennessee Treasury Department lifted its holdings in Axcelis Technologies by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 13,701 shares of the semiconductor company’s stock worth $234,000 after buying an additional 1,077 shares during the period. Elkfork Partners LLC lifted its holdings in Axcelis Technologies by 17.3% during the second quarter. Elkfork Partners LLC now owns 7,612 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,122 shares during the period. Meadow Creek Investment Management LLC lifted its holdings in Axcelis Technologies by 17.3% during the second quarter. Meadow Creek Investment Management LLC now owns 9,688 shares of the semiconductor company’s stock worth $146,000 after buying an additional 1,428 shares during the period. Finally, Glen Harbor Capital Management LLC lifted its holdings in Axcelis Technologies by 17.3% during the second quarter. Glen Harbor Capital Management LLC now owns 11,764 shares of the semiconductor company’s stock worth $177,000 after buying an additional 1,734 shares during the period. Institutional investors own 81.15% of the company’s stock.

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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