AXT (AXTI) Scheduled to Post Quarterly Earnings on Thursday

AXT (NASDAQ:AXTI) is set to issue its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

AXT (NASDAQ:AXTI) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. AXT had a negative net margin of 21.01% and a negative return on equity of 7.40%. The business had revenue of $22.69 million for the quarter, compared to analyst estimates of $21.00 million. During the same quarter in the prior year, the business posted ($0.08) EPS. On average, analysts expect AXT to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AXT Trading Down 3.1 %

Shares of NASDAQ AXTI opened at $3.45 on Wednesday. The company has a market capitalization of $153.18 million, a price-to-earnings ratio of -8.62 and a beta of 2.29. AXT has a twelve month low of $1.89 and a twelve month high of $5.64. The business has a 50 day simple moving average of $3.55 and a 200-day simple moving average of $3.51.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Craig Hallum raised their price target on AXT from $3.75 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. StockNews.com lowered shares of AXT from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of AXT in a research report on Friday, May 3rd. Wedbush reissued an “outperform” rating and set a $6.00 target price on shares of AXT in a research note on Monday. Finally, B. Riley raised their price target on shares of AXT from $3.80 to $5.50 and gave the company a “buy” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.38.

AXT Company Profile

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.