Brokerages Anticipate Axcelis Technologies (ACLS) to Post $0.35 Earnings Per Share

Brokerages expect Axcelis Technologies (NASDAQ:ACLS) to announce earnings of $0.35 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Axcelis Technologies’ earnings. Axcelis Technologies reported earnings of $0.29 per share in the same quarter last year, which would suggest a positive year over year growth rate of 20.7%. The firm is expected to issue its next earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Axcelis Technologies will report full year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.37. For the next fiscal year, analysts forecast that the firm will report earnings of $1.82 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Axcelis Technologies.

How to Become a New Pot Stock Millionaire

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. The business had revenue of $116.40 million for the quarter, compared to analyst estimates of $109.76 million. Axcelis Technologies had a net margin of 30.92% and a return on equity of 18.64%. The company’s revenue for the quarter was up 67.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share.

Several research firms have recently issued reports on ACLS. BidaskClub raised shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a research report on Friday, March 23rd. Needham & Company LLC lowered their price target on shares of Axcelis Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. B. Riley reissued a “buy” rating and issued a $39.00 price target on shares of Axcelis Technologies in a research report on Tuesday, December 5th. Zacks Investment Research lowered shares of Axcelis Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, February 9th. Finally, ValuEngine raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Axcelis Technologies has an average rating of “Buy” and an average price target of $32.50.

Shares of NASDAQ ACLS traded up $1.00 during midday trading on Friday, hitting $24.60. The company’s stock had a trading volume of 610,551 shares, compared to its average volume of 425,247. Axcelis Technologies has a one year low of $16.50 and a one year high of $37.05. The firm has a market cap of $790.50, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05.

In related news, EVP Douglas A. Lawson sold 3,478 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $26.52, for a total transaction of $92,236.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph P. Keithley sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $26.75, for a total transaction of $107,000.00. The disclosure for this sale can be found here. Insiders own 5.66% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Comerica Bank bought a new stake in Axcelis Technologies during the 4th quarter worth approximately $869,000. Louisiana State Employees Retirement System bought a new stake in Axcelis Technologies during the 4th quarter worth approximately $387,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Axcelis Technologies during the 3rd quarter worth approximately $655,000. California Public Employees Retirement System increased its holdings in Axcelis Technologies by 10.0% during the 4th quarter. California Public Employees Retirement System now owns 194,243 shares of the semiconductor company’s stock worth $5,575,000 after acquiring an additional 17,710 shares during the period. Finally, Convergence Investment Partners LLC bought a new stake in Axcelis Technologies during the 4th quarter worth approximately $1,114,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This piece of content was first posted by WKRB News and is owned by of WKRB News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.wkrb13.com/2018/04/01/brokerages-anticipate-axcelis-technologies-acls-to-post-0-35-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Axcelis Technologies (ACLS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Axcelis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply