Wall Street brokerages predict that Axcelis Technologies Inc (NASDAQ:ACLS) will post $110.77 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Axcelis Technologies’ earnings, with estimates ranging from $110.00 million to $111.30 million. Axcelis Technologies reported sales of $116.40 million in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 5th.
On average, analysts expect that Axcelis Technologies will report full-year sales of $450.00 million for the current year. For the next year, analysts anticipate that the firm will report sales of $498.87 million, with estimates ranging from $490.00 million to $511.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Axcelis Technologies.
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, topping the Zacks’ consensus estimate 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 28.57% and a return on equity of 16.84%. 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 business posted $0.35 earnings per share.
ACLS has been the subject of a number of research analyst reports. BidaskClub cut shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. B. Riley cut shares of Axcelis Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $34.00 to $20.00 in a research report on Monday, October 29th. Needham & Company LLC restated a “buy” rating and set a $27.00 price objective on shares of Axcelis Technologies in a research report on Friday, August 3rd. ValuEngine cut shares of Axcelis Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Finally, Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.00.
NASDAQ:ACLS opened at $18.08 on Friday. The firm has a market cap of $537.75 million, a price-to-earnings ratio of 12.21 and a beta of 0.84. Axcelis Technologies has a fifty-two week low of $15.72 and a fifty-two week high of $37.05.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Virginia Retirement Systems ET AL raised its position in shares of Axcelis Technologies by 10.0% in the third quarter. Virginia Retirement Systems ET AL now owns 56,000 shares of the semiconductor company’s stock valued at $1,100,000 after buying an additional 5,100 shares during the last quarter. HL Financial Services LLC raised its position in shares of Axcelis Technologies by 31.8% in the third quarter. HL Financial Services LLC now owns 22,185 shares of the semiconductor company’s stock valued at $436,000 after buying an additional 5,358 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Axcelis Technologies by 120.2% in the third quarter. Victory Capital Management Inc. now owns 16,591 shares of the semiconductor company’s stock valued at $326,000 after buying an additional 9,055 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Axcelis Technologies in the third quarter valued at about $1,300,000. Finally, Alps Advisors Inc. raised its position in shares of Axcelis Technologies by 34.9% in the third quarter. Alps Advisors Inc. now owns 23,591 shares of the semiconductor company’s stock valued at $464,000 after buying an additional 6,099 shares during the last quarter. Institutional investors and hedge funds own 84.66% of the company’s stock.
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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