Wall Street analysts forecast that Axcelis Technologies Inc (NASDAQ:ACLS) will post sales of $70.20 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Axcelis Technologies’ earnings. The highest sales estimate is $70.60 million and the lowest is $70.00 million. Axcelis Technologies posted sales of $95.37 million in the same quarter last year, which suggests a negative year over year growth rate of 26.4%. The company is scheduled to issue its next quarterly earnings results after the market closes on Thursday, October 31st.
On average, analysts expect that Axcelis Technologies will report full-year sales of $333.20 million for the current year, with estimates ranging from $321.00 million to $342.80 million. For the next year, analysts expect that the company will post sales of $403.77 million, with estimates ranging from $388.00 million to $423.30 million. Zacks’ sales averages are an average based on a survey of analysts that follow Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Tuesday, August 6th. The semiconductor company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The firm had revenue of $74.31 million during the quarter, compared to analyst estimates of $75.00 million. Axcelis Technologies had a net margin of 6.52% and a return on equity of 5.53%. The business’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS.
Shares of NASDAQ ACLS traded down $0.34 during midday trading on Friday, reaching $17.82. 104,100 shares of the stock were exchanged, compared to its average volume of 220,523. The business has a 50-day simple moving average of $17.21 and a two-hundred day simple moving average of $16.93. The company has a market capitalization of $582.59 million, a price-to-earnings ratio of 13.60 and a beta of 1.30. Axcelis Technologies has a 12 month low of $13.99 and a 12 month high of $22.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.63 and a quick ratio of 4.04.
In other news, EVP Douglas A. Lawson purchased 3,000 shares of Axcelis Technologies stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of $15.05 per share, with a total value of $45,150.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.72% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of ACLS. Panagora Asset Management Inc. bought a new stake in Axcelis Technologies in the 2nd quarter valued at $33,000. Tyers Asset Management LLC lifted its position in Axcelis Technologies by 17.3% in the 2nd quarter. Tyers Asset Management LLC now owns 5,536 shares of the semiconductor company’s stock valued at $83,000 after acquiring an additional 816 shares in the last quarter. Elkfork Partners LLC lifted its position in Axcelis Technologies by 17.3% in the 2nd quarter. Elkfork Partners LLC now owns 7,612 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,122 shares in the last quarter. Meadow Creek Investment Management LLC lifted its position in Axcelis Technologies by 17.3% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 9,688 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 1,428 shares in the last quarter. Finally, Glen Harbor Capital Management LLC lifted its position in Axcelis Technologies by 17.3% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 11,764 shares of the semiconductor company’s stock valued at $177,000 after acquiring an additional 1,734 shares in the last quarter. 82.27% of the stock is currently owned by institutional investors and hedge funds.
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 curing systems and thermal processing systems.
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