Axcelis Technologies (ACLS) Set to Announce Earnings on Wednesday

Axcelis Technologies (NASDAQ:ACLS) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Axcelis Technologies to post earnings of $1.26 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17. The firm had revenue of $310.29 million during the quarter, compared to analyst estimates of $297.92 million. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $1.71 earnings per share. On average, analysts expect Axcelis Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Axcelis Technologies Price Performance

Shares of ACLS stock opened at $104.85 on Tuesday. The stock has a 50-day moving average price of $108.17 and a 200 day moving average price of $122.52. The company has a quick ratio of 2.71, a current ratio of 3.79 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.11 and a beta of 1.63. Axcelis Technologies has a 12 month low of $93.77 and a 12 month high of $201.00.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. B. Riley Financial lowered their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. B. Riley lowered their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Axcelis Technologies has an average rating of “Moderate Buy” and an average target price of $189.00.

Insider Transactions at Axcelis Technologies

In related news, EVP Douglas A. Lawson bought 500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $111.04 per share, for a total transaction of $55,520.00. Following the transaction, the executive vice president now owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.14% 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 in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.