$0.07 Earnings Per Share Expected for AXT, Inc. (NASDAQ:AXTI) This Quarter

Wall Street analysts expect AXT, Inc. (NASDAQ:AXTI) to report earnings per share (EPS) of $0.07 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for AXT’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.07. AXT reported earnings of $0.01 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 600%. The firm is expected to report its next earnings results on Wednesday, July 28th.

On average, analysts expect that AXT will report full year earnings of $0.29 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.30. For the next fiscal year, analysts forecast that the company will post earnings of $0.35 per share, with EPS estimates ranging from $0.30 to $0.40. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover AXT.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Tuesday, April 27th. The semiconductor company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The business had revenue of $31.35 million during the quarter, compared to analysts’ expectations of $29.11 million. AXT had a return on equity of 3.42% and a net margin of 6.45%.

AXTI has been the subject of a number of recent analyst reports. B. Riley boosted their price objective on AXT from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Friday, February 19th. BWS Financial lifted their price target on AXT from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, February 19th. Northland Securities lifted their price target on AXT from $10.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, February 19th. Craig Hallum reaffirmed a “buy” rating and issued a $17.00 price target on shares of AXT in a research note on Friday, February 19th. Finally, Zacks Investment Research raised AXT from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. AXT presently has a consensus rating of “Buy” and an average target price of $15.20.

In other AXT news, CEO Morris S. Young sold 30,275 shares of the business’s stock in a transaction on Wednesday, May 5th. The stock was sold at an average price of $9.64, for a total transaction of $291,851.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Leonard J. Leblanc sold 10,000 shares of AXT stock in a transaction on Friday, May 21st. The shares were sold at an average price of $9.86, for a total value of $98,600.00. Following the completion of the sale, the director now owns 184,654 shares in the company, valued at approximately $1,820,688.44. The disclosure for this sale can be found here. Insiders have sold 109,550 shares of company stock worth $1,216,568 in the last three months. 8.33% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Axiom Investment Management LLC purchased a new stake in AXT in the first quarter valued at $900,000. Squarepoint Ops LLC purchased a new stake in AXT in the first quarter valued at $214,000. Millennium Management LLC raised its position in AXT by 184.8% in the first quarter. Millennium Management LLC now owns 338,874 shares of the semiconductor company’s stock valued at $3,951,000 after purchasing an additional 219,908 shares during the period. Morgan Stanley raised its position in AXT by 18.9% in the first quarter. Morgan Stanley now owns 325,071 shares of the semiconductor company’s stock valued at $3,790,000 after purchasing an additional 51,762 shares during the period. Finally, Jane Street Group LLC purchased a new stake in AXT in the first quarter valued at $182,000. Institutional investors own 58.50% of the company’s stock.

AXT stock opened at $10.18 on Tuesday. The stock has a market capitalization of $430.61 million, a PE ratio of 63.63 and a beta of 2.28. AXT has a 12 month low of $4.30 and a 12 month high of $15.84. The firm has a 50 day simple moving average of $10.44.

AXT Company Profile

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide for use in data center connectivity using light/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.

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Earnings History and Estimates for AXT (NASDAQ:AXTI)

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