Analysts Expect Axcelis Technologies, Inc. (ACLS) Will Announce Earnings of $0.36 Per Share
Wall Street brokerages expect Axcelis Technologies, Inc. (NASDAQ:ACLS) to post earnings per share of $0.36 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Axcelis Technologies’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.29. Axcelis Technologies reported earnings of $0.13 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 176.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 7th.
According to Zacks, analysts expect that Axcelis Technologies will report full year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.39 to $1.46. For the next year, analysts expect that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.70 to $1.93. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Axcelis Technologies.
Several equities research analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $30.00 target price on shares of Axcelis Technologies in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Thursday, November 2nd. Stifel Nicolaus raised 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. ValuEngine cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, BidaskClub cut shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Axcelis Technologies currently has a consensus rating of “Hold” and an average price target of $31.33.
Axcelis Technologies (NASDAQ:ACLS) traded down $0.35 during midday trading on Wednesday, hitting $34.30. 417,870 shares of the company traded hands, compared to its average volume of 425,542. Axcelis Technologies has a twelve month low of $12.65 and a twelve month high of $36.20. The company has a market capitalization of $1,080.00, a PE ratio of 30.71, a PEG ratio of 1.24 and a beta of 1.10.
In other news, CFO Kevin J. Brewer sold 17,339 shares of Axcelis Technologies stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $20.75, for a total value of $359,784.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Kurtzweil sold 1,800 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $34.03, for a total transaction of $61,254.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 282,377 shares of company stock valued at $8,376,635. Corporate insiders own 5.66% of the company’s stock.
Several large investors have recently bought and sold shares of ACLS. Peregrine Capital Management LLC raised its stake in shares of Axcelis Technologies by 405.6% in the second quarter. Peregrine Capital Management LLC now owns 572,856 shares of the semiconductor company’s stock valued at $12,001,000 after acquiring an additional 459,560 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Axcelis Technologies by 106,193.5% in the second quarter. Bank of Montreal Can now owns 329,510 shares of the semiconductor company’s stock valued at $6,902,000 after acquiring an additional 329,200 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Axcelis Technologies in the third quarter valued at approximately $6,192,000. Dimensional Fund Advisors LP raised its stake in shares of Axcelis Technologies by 10.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,766,009 shares of the semiconductor company’s stock valued at $33,200,000 after acquiring an additional 163,016 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Axcelis Technologies by 247.3% in the second quarter. Russell Investments Group Ltd. now owns 161,665 shares of the semiconductor company’s stock valued at $3,386,000 after acquiring an additional 115,111 shares during the last quarter. Institutional investors own 73.55% of the company’s stock.
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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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