Axcelis Technologies (ACLS) Releases Q4 Earnings Guidance

Axcelis Technologies (NASDAQ:ACLS) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.20 for the period, compared to the Thomson Reuters consensus estimate of $0.21. The company issued revenue guidance of $100 million, compared to the consensus revenue estimate of $99.83 million.

A number of research analysts have recently commented on the company. BidaskClub cut Axcelis Technologies from a hold rating to a sell rating in a research note on Thursday, November 8th. Zacks Investment Research upgraded Axcelis Technologies from a strong sell rating to a hold rating in a research note on Thursday, January 3rd. Benchmark cut Axcelis Technologies from a buy rating to a hold rating in a research note on Friday, November 2nd. Finally, ValuEngine upgraded Axcelis Technologies from a strong sell rating to a sell rating in a research note on Wednesday, November 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $27.00.

ACLS opened at $18.11 on Monday. The company has a market capitalization of $585.69 million, a PE ratio of 12.24 and a beta of 1.03. Axcelis Technologies has a 52 week low of $15.46 and a 52 week high of $31.00.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, November 1st. The semiconductor company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. The company had revenue of $95.40 million during the quarter, compared to analysts’ expectations of $97.82 million. Axcelis Technologies had a return on equity of 13.86% and a net margin of 28.48%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. As a group, analysts expect that Axcelis Technologies will post 1.3 earnings per share for the current year.

In other Axcelis Technologies news, Director John T. Kurtzweil sold 2,500 shares of Axcelis Technologies stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $17.61, for a total transaction of $44,025.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.31% of the company’s stock.

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

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