Equities analysts expect Axcelis Technologies Inc (NASDAQ:ACLS) to post $0.24 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Axcelis Technologies’ earnings. Axcelis Technologies posted earnings of $0.02 per share during the same quarter last year, which would suggest a positive year over year growth rate of 1,100%. The company is scheduled to report its next earnings report on Thursday, October 29th.
According to Zacks, analysts expect that Axcelis Technologies will report full-year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.21. For the next financial year, analysts anticipate that the business will post earnings of $1.61 per share, with EPS estimates ranging from $1.50 to $1.72. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Tuesday, August 4th. The semiconductor company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.13. The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $101.83 million. Axcelis Technologies had a net margin of 8.34% and a return on equity of 8.22%. Axcelis Technologies’s revenue was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS.
Several analysts have recently commented on ACLS shares. DA Davidson raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, August 5th. ValuEngine downgraded shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Thursday, September 3rd. BidaskClub downgraded shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a report on Friday, September 11th. Zacks Investment Research raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Friday, August 7th. Finally, Needham & Company LLC started coverage on shares of Axcelis Technologies in a report on Wednesday, August 12th. They issued a “buy” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $31.00.
NASDAQ:ACLS opened at $22.14 on Thursday. The company has a market cap of $740.92 million, a PE ratio of 21.50 and a beta of 1.37. Axcelis Technologies has a twelve month low of $12.99 and a twelve month high of $31.50. The company has a current ratio of 4.85, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $25.13 and its two-hundred day moving average is $24.20.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Advisers LP raised its position in shares of Axcelis Technologies by 133.5% in the second quarter. Two Sigma Advisers LP now owns 125,400 shares of the semiconductor company’s stock valued at $3,492,000 after buying an additional 71,700 shares during the last quarter. Bridgeway Capital Management Inc. acquired a new stake in shares of Axcelis Technologies in the second quarter valued at about $206,000. Quadrature Capital Ltd acquired a new stake in shares of Axcelis Technologies in the second quarter valued at about $370,000. Nuveen Asset Management LLC increased its position in Axcelis Technologies by 61.8% during the second quarter. Nuveen Asset Management LLC now owns 454,187 shares of the semiconductor company’s stock worth $12,649,000 after purchasing an additional 173,496 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Axcelis Technologies by 7.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 219,505 shares of the semiconductor company’s stock worth $6,114,000 after purchasing an additional 15,506 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.
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 curing systems and thermal processing systems.
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