Axcelis Technologies Inc (ACLS) Expected to Post Earnings of $0.17 Per Share

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.

Several research firms recently weighed in on ACLS. ValuEngine upgraded shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Needham & Company LLC restated a “buy” rating and set a $27.00 price target on shares of Axcelis Technologies in a report on Friday, August 3rd. Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Benchmark restated a “buy” rating and set a $32.00 price target on shares of Axcelis Technologies in a report on Friday, August 3rd. Finally, BidaskClub upgraded shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.50.

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.

See Also: What Are Treasury Bonds?

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