Wall Street brokerages forecast that Axcelis Technologies Inc (NASDAQ:ACLS) will report sales of $117.75 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Axcelis Technologies’ earnings. The highest sales estimate is $118.00 million and the lowest is $117.50 million. Axcelis Technologies posted sales of $86.89 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 35.5%. The business is expected to issue its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Axcelis Technologies will report full-year sales of $117.75 million for the current year, with estimates ranging from $436.18 million to $455.00 million. For the next financial year, analysts expect that the firm will post sales of $494.20 million per share, with estimates ranging from $479.80 million to $508.60 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The business had revenue of $116.40 million during the quarter, compared to the consensus estimate of $109.76 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 67.7% compared to the same quarter last year.
ACLS has been the subject of several research analyst reports. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Benchmark restated a “buy” rating and issued a $33.00 price objective (down from $36.00) on shares of Axcelis Technologies in a report on Thursday, January 18th. Stifel Nicolaus upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, January 22nd. Finally, Zacks Investment Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.50.
In related news, Director Joseph P. Keithley sold 4,000 shares of Axcelis Technologies stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $26.75, for a total value of $107,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas A. Lawson sold 3,478 shares of Axcelis Technologies stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $26.52, for a total value of $92,236.56. The disclosure for this sale can be found here. Insiders own 5.66% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Elkfork Partners LLC purchased a new position in Axcelis Technologies in the fourth quarter valued at about $103,000. Advisor Group Inc. grew its stake in Axcelis Technologies by 143.7% in the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 2,350 shares during the last quarter. Royal Bank of Canada grew its stake in Axcelis Technologies by 391.3% in the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 3,913 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Axcelis Technologies in the fourth quarter valued at about $178,000. Finally, Meadow Creek Investment Management LLC purchased a new position in Axcelis Technologies in the fourth quarter valued at about $180,000. Institutional investors own 89.30% of the company’s stock.
Shares of Axcelis Technologies (NASDAQ ACLS) opened at $27.30 on Friday. Axcelis Technologies has a 52-week low of $15.45 and a 52-week high of $37.05. The firm has a market capitalization of $851.41, a price-to-earnings ratio of 18.03, a PEG ratio of 0.99 and a beta of 1.05.
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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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