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.
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.
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.
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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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