Axcelis Technologies (ACLS) Updates Q4 2018 Earnings Guidance

Axcelis Technologies (NASDAQ:ACLS) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.20-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.31. The company issued revenue guidance of $100-100 million, compared to the consensus revenue estimate of $110.13 million.Axcelis Technologies also updated its Q4 guidance to $0.20 EPS.

Shares of NASDAQ ACLS traded down $0.57 during midday trading on Friday, reaching $18.08. 591,215 shares of the company were exchanged, compared to its average volume of 313,646. Axcelis Technologies has a 1 year low of $15.72 and a 1 year high of $37.05. The firm has a market cap of $558.46 million, a P/E ratio of 10.21 and a beta of 0.97.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. Axcelis Technologies had a return on equity of 16.84% and a net margin of 28.57%. The firm had revenue of $95.40 million for the quarter, compared to analyst estimates of $97.82 million. During the same quarter last year, the company posted $0.35 earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. On average, equities analysts forecast that Axcelis Technologies will post 1.33 EPS for the current year.

ACLS has been the topic of a number of research reports. ValuEngine lowered Axcelis Technologies from a sell rating to a strong sell rating in a report on Friday, September 7th. BidaskClub raised Axcelis Technologies from a sell rating to a hold rating in a report on Tuesday, September 18th. Needham & Company LLC reaffirmed a buy rating and issued a $27.00 price objective on shares of Axcelis Technologies in a report on Friday, August 3rd. Benchmark reaffirmed a buy rating and issued a $32.00 price objective on shares of Axcelis Technologies in a report on Friday, August 3rd. Finally, Craig Hallum raised Axcelis Technologies from a hold rating to a buy rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $27.00.

About Axcelis Technologies

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 dry strip equipment, curing systems, and thermal processing systems.

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

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