Axcelis Technologies (NASDAQ:ACLS) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.21. The company issued revenue guidance of $100 million, compared to the consensus revenue estimate of $99.83 million.
Several equities research analysts have issued reports on the company. Zacks Investment Research lowered Axcelis Technologies from a hold rating to a sell rating in a research note on Monday, November 5th. BidaskClub raised Axcelis Technologies from a sell rating to a hold rating in a research note on Friday, December 28th. Benchmark lowered Axcelis Technologies from a buy rating to a hold rating in a research note on Friday, November 2nd. Finally, ValuEngine raised Axcelis Technologies from a sell rating to a hold rating in a research note on Saturday, December 1st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $27.00.
NASDAQ ACLS opened at $18.06 on Monday. Axcelis Technologies has a 1-year low of $15.46 and a 1-year high of $31.00. The stock has a market capitalization of $585.69 million, a PE ratio of 12.20 and a beta of 1.03.
Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, November 1st. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Axcelis Technologies had a return on equity of 13.86% and a net margin of 28.48%. The company had revenue of $95.40 million during the quarter, compared to analyst estimates of $97.82 million. During the same quarter in the previous year, the company posted $0.35 EPS. Axcelis Technologies’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, analysts expect that Axcelis Technologies will post 1.3 earnings per share for the current year.
In related news, Director John T. Kurtzweil sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $17.61, for a total transaction of $44,025.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.31% of the company’s stock.
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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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