AXT (AXTI) Set to Announce Earnings on Thursday

AXT (NASDAQ:AXTI) will announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, February 22nd. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.05. AXT had a negative return on equity of 7.80% and a negative net margin of 23.59%. The company had revenue of $20.43 million for the quarter, compared to the consensus estimate of $17.62 million. On average, analysts expect AXT to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AXT Price Performance

NASDAQ AXTI opened at $3.03 on Tuesday. The stock has a market capitalization of $134.08 million, a P/E ratio of -7.05 and a beta of 2.24. The business has a 50 day simple moving average of $3.99 and a 200 day simple moving average of $2.91. AXT has a one year low of $1.89 and a one year high of $5.64.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AXTI. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of AXT in a research report on Tuesday, April 9th. Craig Hallum lifted their price target on shares of AXT from $3.75 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. StockNews.com lowered shares of AXT from a “hold” rating to a “sell” rating in a report on Saturday, March 2nd. B. Riley raised their target price on AXT from $3.80 to $5.50 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $6.00 price target on shares of AXT in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.38.

AXT Company Profile

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.