Wall Street brokerages predict that Axcelis Technologies Inc (NASDAQ:ACLS) will report $100.2 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Axcelis Technologies’ earnings, with the highest sales estimate coming in at $100.4 million and the lowest estimate coming in at $100 million. Axcelis Technologies reported sales of $64.45 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 55.5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 1st.
On average, analysts expect that Axcelis Technologies will report full year sales of $100.2 million for the current financial year, with estimates ranging from $329.6 million to $367.6 million. For the next year, analysts anticipate that the business will post sales of $427.6 million per share. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Axcelis Technologies had a net margin of 4.12% and a return on equity of 5.65%. The business had revenue of $86.90 million during the quarter, compared to analyst estimates of $80.15 million. During the same period in the prior year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 28.7% on a year-over-year basis.
Several research firms recently weighed in on ACLS. Zacks Investment Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 4th. B. Riley restated a “buy” rating and issued a $19.00 price objective on shares of Axcelis Technologies in a report on Monday, January 16th. Benchmark Co. restated a “buy” rating and issued a $18.50 price objective on shares of Axcelis Technologies in a report on Thursday, February 2nd. Finally, Stifel Nicolaus downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Friday, January 13th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.00.
Axcelis Technologies (NASDAQ:ACLS) opened at 21.05 on Thursday. The firm has a 50-day moving average of $18.12 and a 200 day moving average of $15.46. The company has a market capitalization of $633.50 million, a price-to-earnings ratio of 35.38 and a beta of 1.32. Axcelis Technologies has a one year low of $8.92 and a one year high of $22.85.
In other news, EVP William J. Bintz sold 20,250 shares of the business’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $16.01, for a total transaction of $324,202.50. Following the sale, the executive vice president now owns 44,476 shares in the company, valued at $712,060.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.13% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Kalmar Investments Inc. DE acquired a new stake in shares of Axcelis Technologies during the third quarter worth $771,000. Northpointe Capital LLC acquired a new stake in shares of Axcelis Technologies during the third quarter worth $5,303,000. Symmetry Peak Management LLC acquired a new stake in shares of Axcelis Technologies during the third quarter worth $232,000. State Street Corp raised its stake in shares of Axcelis Technologies by 4.4% in the fourth quarter. State Street Corp now owns 495,084 shares of the semiconductor company’s stock worth $7,205,000 after buying an additional 20,751 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Axcelis Technologies by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,602,993 shares of the semiconductor company’s stock worth $23,323,000 after buying an additional 82,443 shares in the last quarter. Institutional investors and hedge funds own 71.74% 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. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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