Axcelis Technologies (ACLS) Updates Q4 Earnings Guidance

Axcelis Technologies (NASDAQ:ACLS) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.32. The company issued revenue guidance of $100 million, compared to the consensus revenue estimate of $110.13 million.Axcelis Technologies also updated its Q4 2018 guidance to $0.20-0.20 EPS.

Several brokerages recently issued reports on ACLS. BidaskClub upgraded Axcelis Technologies from a sell rating to a hold rating in a report on Tuesday, July 10th. Benchmark downgraded Axcelis Technologies from a buy rating to a hold rating in a report on Friday. ValuEngine downgraded Axcelis Technologies from a sell rating to a strong sell rating in a report on Friday, September 7th. Craig Hallum upgraded Axcelis Technologies from a hold rating to a buy rating in a report on Friday, August 3rd. Finally, B. Riley downgraded Axcelis Technologies from a buy rating to a neutral rating and lowered their price target for the company from $34.00 to $20.00 in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Axcelis Technologies presently has a consensus rating of Hold and an average target price of $27.00.

NASDAQ:ACLS traded down $0.57 on Friday, reaching $18.08. The stock had a trading volume of 591,215 shares, compared to its average volume of 301,369. The stock has a market cap of $584.83 million, a P/E ratio of 11.81 and a beta of 0.97. Axcelis Technologies has a 12-month low of $15.72 and a 12-month high of $37.05.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The company had revenue of $95.40 million during the quarter, compared to analysts’ expectations of $97.82 million. Axcelis Technologies had a net margin of 28.48% and a return on equity of 14.11%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. On average, analysts predict that Axcelis Technologies will post 1.31 earnings per share for the current year.

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 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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