Brokerages Anticipate Axcelis Technologies Inc (ACLS) to Announce $0.35 Earnings Per Share

Wall Street analysts forecast that Axcelis Technologies Inc (NASDAQ:ACLS) will report $0.35 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Axcelis Technologies’ earnings. Axcelis Technologies posted earnings of $0.29 per share in the same quarter last year, which would suggest a positive year over year growth rate of 20.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Axcelis Technologies will report full-year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.37. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.82 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Axcelis Technologies.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08. Axcelis Technologies had a net margin of 30.92% and a return on equity of 18.64%. The firm had revenue of $116.40 million during the quarter, compared to the consensus estimate of $109.76 million. During the same quarter last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 67.7% on a year-over-year basis.

Several research firms have commented on ACLS. Stifel Nicolaus boosted their price target on shares of Axcelis Technologies from $20.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Thursday, November 2nd. B. Riley boosted their price target on shares of Axcelis Technologies from $30.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Craig Hallum downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, BidaskClub downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.50.

Axcelis Technologies (ACLS) traded down $0.10 during trading on Friday, reaching $24.60. 287,250 shares of the company traded hands, compared to its average volume of 567,264. Axcelis Technologies has a 12-month low of $14.60 and a 12-month high of $37.05. The firm has a market cap of $788.38, a P/E ratio of 6.56, a PEG ratio of 0.91 and a beta of 1.01.

Institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its position in Axcelis Technologies by 31.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 62,100 shares of the semiconductor company’s stock valued at $1,301,000 after acquiring an additional 15,000 shares during the last quarter. Swiss National Bank acquired a new position in Axcelis Technologies in the second quarter valued at $1,029,000. Wells Fargo & Company MN increased its stake in Axcelis Technologies by 5.2% in the second quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock valued at $599,000 after purchasing an additional 1,416 shares during the period. Alliancebernstein L.P. acquired a new position in Axcelis Technologies in the second quarter valued at $735,000. Finally, Teachers Advisors LLC increased its stake in Axcelis Technologies by 11.7% in the second quarter. Teachers Advisors LLC now owns 53,867 shares of the semiconductor company’s stock valued at $1,129,000 after purchasing an additional 5,633 shares during the period. 77.66% of the stock is owned by institutional investors and hedge funds.

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About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

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

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