Analysts expect that Axcelis Technologies Inc (NASDAQ:ACLS) will report earnings of $0.17 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Axcelis Technologies’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.18. Axcelis Technologies posted earnings of $0.38 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 55.3%. The company is expected to issue its next earnings report on Thursday, November 1st.
On average, analysts expect that Axcelis Technologies will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.33 to $1.34. For the next fiscal year, analysts anticipate that the business will post earnings of $1.85 per share, with EPS estimates ranging from $1.65 to $2.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $119.30 million during the quarter, compared to analysts’ expectations of $116.33 million. Axcelis Technologies had a net margin of 28.57% and a return on equity of 16.84%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share.
Axcelis Technologies stock traded up $0.15 during midday trading on Monday, hitting $16.90. 220,801 shares of the stock were exchanged, compared to its average volume of 378,194. Axcelis Technologies has a 52-week low of $16.65 and a 52-week high of $37.05. The stock has a market cap of $635.79 million, a PE ratio of 11.42 and a beta of 0.84.
A number of institutional investors have recently added to or reduced their stakes in ACLS. BlackRock Inc. boosted its holdings in Axcelis Technologies by 10.9% during the second quarter. BlackRock Inc. now owns 4,529,402 shares of the semiconductor company’s stock worth $89,683,000 after purchasing an additional 445,693 shares during the last quarter. JPMorgan Chase & Co. raised its position in Axcelis Technologies by 315.0% in the first quarter. JPMorgan Chase & Co. now owns 208,248 shares of the semiconductor company’s stock worth $5,123,000 after acquiring an additional 158,065 shares during the period. Wells Fargo & Company MN raised its position in Axcelis Technologies by 147.8% in the first quarter. Wells Fargo & Company MN now owns 200,194 shares of the semiconductor company’s stock worth $4,926,000 after acquiring an additional 119,402 shares during the period. Dimensional Fund Advisors LP raised its position in Axcelis Technologies by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,955,604 shares of the semiconductor company’s stock worth $38,721,000 after acquiring an additional 105,108 shares during the period. Finally, Millennium Management LLC raised its position in Axcelis Technologies by 19.1% in the first quarter. Millennium Management LLC now owns 571,105 shares of the semiconductor company’s stock worth $14,049,000 after acquiring an additional 91,666 shares during the period. Institutional investors and hedge funds own 84.59% of the company’s stock.
About Axcelis Technologies
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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