Zacks: Analysts Anticipate Axcelis Technologies, Inc. (NASDAQ: ACLS) Will Announce Earnings of $ 0.99 Per Share

Brokerages expects Axcelis Technologies, Inc. (NASDAQ: ACLS – Get Rating) to announce earnings per share of $ 0.99 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Axcelis Technologies’ earnings. The highest EPS estimate is $ 1.00 and the lowest is $ 0.98. Axcelis Technologies reported earnings of $ 0.55 per share in the same quarter last year, which would suggest a positive year over year growth rate of 80%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Axcelis Technologies will report full year earnings of $ 4.40 per share for the current year, with EPS estimates ranging from $ 4.34 to $ 4.45. For the next financial year, analysts anticipate that the business will post $ 4.71 per share of earnings, with EPS estimates ranging from $ 4.42 to $ 4.90. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Axcelis Technologies.

Axcelis Technologies (NASDAQ: ACLS – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The semiconductor company reported $ 1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 0.97 by $ 0.25. The firm had revenue of $ 203.60 million during the quarter, compared to analyst estimates of $ 193.12 million. Axcelis Technologies had a net margin of 16.88% and a return on equity of 23.53%. The company’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $ 0.48 earnings per share.

Several research firms have recently commented on ACLS. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “strong-buy” rating and set a $ 67.00 price target on the stock in a research note on Monday. StockNews.com cut shares of Axcelis Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 27th. Finally, B. Riley raised their price objective on shares of Axcelis Technologies from $ 87.00 to $ 98.00 in a research note on Wednesday, March 30th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $ 77.60.

In related news, CEO Mary G. Puma sold 11,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $ 69.23, for a total transaction of $ 761,530.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin J. Brewer sold 8,636 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $ 70.89, for a total transaction of $ 612,206.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,636 shares of company stock worth $ 1,580,886. Company insiders own 2.15% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. Axcelis Technologies grew its position in 1.0% in the first quarter. BlackRock Inc. now owns 5,059,666 shares of the semiconductor company’s stock valued at $ 382,156,000 after purchasing an additional 48,051 shares in the last quarter. Senvest Management LLC grew its position in Axcelis Technologies by 8.2% in the third quarter. Senvest Management LLC now owns 1,890,555 shares of the semiconductor company’s stock valued at $ 88,913,000 after purchasing an additional 143,034 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Axcelis Technologies by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,609,109 shares of the semiconductor company’s stock valued at $ 75,676,000 after purchasing an additional 6,176 shares in the last quarter. Invesco Ltd. Axcelis Technologies grew its position in shares by 18.0% in the 4th quarter. Invesco Ltd. now owns 727,226 shares of the semiconductor company’s stock valued at $ 54,222,000 after acquiring an additional 110,764 shares during the period. Finally, Goldman Sachs Group Inc. Axcelis Technologies grew its position in shares by 3.4% in the 3rd quarter. Goldman Sachs Group Inc. now owns 690,530 shares of the semiconductor company’s stock valued at $ 32,476,000 after acquiring an additional 22,424 shares during the period. 83.38% of the stock is owned by institutional investors and hedge funds.

Axcelis Technologies stock traded up $ 2.50 during trading hours on Friday, hitting $ 56.78. 1,679 shares of the stock were exchanged, compared to its average volume of 406,378. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.02 and a current ratio of 4.40. The stock has a market capitalization of $ 1.87 billion, a P / E ratio of 15.64 and a beta of 1.67. Axcelis Technologies has a 12 month low of $ 33.36 and a 12 month high of $ 83.74. The business’s 50-day moving average is $ 64.03 and its two-hundred-day moving average is $ 64.60.

Axcelis Technologies Company Profile (Get Rating)

Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in semiconductor chips in the United States, Europe, and Asia. The company offers high energy, high current, and medium current implanters for various application requirements.

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

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