Wall Street brokerages forecast that Axcelis Technologies Inc (NASDAQ:ACLS) will announce earnings per share (EPS) of $0.17 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Axcelis Technologies’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.18. Axcelis Technologies posted earnings of $0.38 per share during the same quarter last year, which would indicate a negative year over year growth rate of 55.3%. The business is expected to report its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Axcelis Technologies will report full-year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.34. For the next financial year, analysts anticipate that the firm will report earnings of $1.85 per share, with EPS estimates ranging from $1.65 to $2.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Axcelis Technologies had a return on equity of 16.84% and a net margin of 28.57%. The company had revenue of $119.30 million for the quarter, compared to the consensus estimate of $116.33 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. Axcelis Technologies’s revenue for the quarter was up 16.1% on a year-over-year basis.
Several research firms recently commented on ACLS. Northland Securities began coverage on Axcelis Technologies in a report on Wednesday, June 20th. They issued an “outperform” rating and a $28.00 price target for the company. BidaskClub raised Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Zacks Investment Research cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. ValuEngine cut Axcelis Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. Finally, Benchmark reaffirmed a “buy” rating and issued a $32.00 price target on shares of Axcelis Technologies in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Axcelis Technologies has an average rating of “Buy” and an average target price of $29.50.
NASDAQ:ACLS opened at $18.32 on Monday. Axcelis Technologies has a one year low of $18.10 and a one year high of $37.05. The company has a market capitalization of $635.79 million, a P/E ratio of 12.38 and a beta of 0.84.
A number of hedge funds have recently bought and sold shares of the business. Alps Advisors Inc. increased its stake in Axcelis Technologies by 13.4% during the second quarter. Alps Advisors Inc. now owns 20,773 shares of the semiconductor company’s stock worth $596,000 after acquiring an additional 2,457 shares during the last quarter. Globeflex Capital L P increased its stake in Axcelis Technologies by 13.6% during the second quarter. Globeflex Capital L P now owns 22,600 shares of the semiconductor company’s stock worth $447,000 after acquiring an additional 2,700 shares during the last quarter. Legal & General Group Plc increased its stake in Axcelis Technologies by 4.8% during the first quarter. Legal & General Group Plc now owns 59,434 shares of the semiconductor company’s stock worth $1,441,000 after acquiring an additional 2,747 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Axcelis Technologies by 34.9% during the second quarter. OppenheimerFunds Inc. now owns 13,469 shares of the semiconductor company’s stock worth $267,000 after acquiring an additional 3,486 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Axcelis Technologies by 2.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 171,176 shares of the semiconductor company’s stock worth $3,390,000 after acquiring an additional 3,618 shares during the last quarter. 84.59% of the stock is owned by institutional investors.
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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