AXT (AXTI) to Release Earnings on Thursday

AXT (NASDAQ:AXTI) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect AXT to post earnings of ($0.08) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.05. The business had revenue of $20.43 million during the quarter, compared to analysts’ expectations of $17.62 million. AXT had a negative return on equity of 7.80% and a negative net margin of 23.59%. On average, analysts expect AXT to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AXT Stock Down 1.0 %

Shares of AXTI stock opened at $3.00 on Wednesday. The stock has a market cap of $132.75 million, a PE ratio of -6.98 and a beta of 2.24. The business has a 50-day simple moving average of $4.00 and a 200-day simple moving average of $2.92. AXT has a 52-week low of $1.89 and a 52-week high of $5.64.

Analysts Set New Price Targets

AXTI has been the subject of several analyst reports. Craig Hallum boosted their price objective on AXT from $3.75 to $5.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. B. Riley upped their price target on AXT from $3.80 to $5.50 and gave the stock a “buy” rating in a report on Friday, April 5th. Wedbush reaffirmed an “outperform” rating and issued a $6.00 price target on shares of AXT in a report on Monday, April 8th. StockNews.com cut AXT from a “hold” rating to a “sell” rating in a report on Saturday, March 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price target on shares of AXT in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.38.

About AXT

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.