Brokerages Expect Axcelis Technologies Inc (ACLS) to Announce $0.35 Earnings Per Share

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Wall Street analysts expect that Axcelis Technologies Inc (NASDAQ:ACLS) will post $0.35 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Axcelis Technologies’ earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.34. Axcelis Technologies reported earnings of $0.33 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.1%. The business is expected to report its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Axcelis Technologies will report full-year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.38 to $1.42. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.82 per share, with EPS estimates ranging from $1.60 to $1.97. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Axcelis Technologies.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Wednesday, May 2nd. The semiconductor company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Axcelis Technologies had a return on equity of 17.71% and a net margin of 29.46%. The business had revenue of $122.20 million for the quarter, compared to analyst estimates of $118.08 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up 40.6% on a year-over-year basis.

Several research firms recently commented on ACLS. Northland Securities began coverage on shares of Axcelis Technologies in a research report on Wednesday, June 20th. They set an “outperform” rating and a $28.00 target price on the stock. BidaskClub downgraded shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. ValuEngine downgraded shares of Axcelis Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, June 8th. Finally, Zacks Investment Research upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Axcelis Technologies has a consensus rating of “Buy” and an average price target of $30.67.

NASDAQ:ACLS traded up $0.50 during mid-day trading on Tuesday, hitting $20.35. 830,772 shares of the company’s stock were exchanged, compared to its average volume of 411,369. Axcelis Technologies has a fifty-two week low of $18.60 and a fifty-two week high of $37.05. The company has a market cap of $657.38 million, a PE ratio of 13.75, a P/E/G ratio of 0.73 and a beta of 0.97.

In other news, EVP Douglas A. Lawson sold 6,107 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $21.72, for a total value of $132,644.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.31% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System lifted its position in shares of Axcelis Technologies by 10.0% in the 4th quarter. California Public Employees Retirement System now owns 194,243 shares of the semiconductor company’s stock worth $5,575,000 after purchasing an additional 17,710 shares during the period. BlackRock Inc. increased its stake in shares of Axcelis Technologies by 97.1% in the 4th quarter. BlackRock Inc. now owns 3,914,998 shares of the semiconductor company’s stock valued at $112,361,000 after acquiring an additional 1,928,927 shares in the last quarter. Comerica Bank bought a new stake in shares of Axcelis Technologies in the 4th quarter valued at $869,000. USA Financial Portformulas Corp bought a new stake in shares of Axcelis Technologies in the 4th quarter valued at $364,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of Axcelis Technologies in the 4th quarter valued at $249,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

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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Earnings History and Estimates for Axcelis Technologies (NASDAQ:ACLS)

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