Analysts Expect Axcelis Technologies Inc (ACLS) Will Announce Quarterly Sales of $116.05 Million

Wall Street brokerages forecast that Axcelis Technologies Inc (NASDAQ:ACLS) will announce $116.05 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Axcelis Technologies’ earnings. The highest sales estimate is $116.10 million and the lowest is $116.00 million. Axcelis Technologies reported sales of $102.79 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The firm is scheduled to report its next earnings report on Thursday, August 2nd.

On average, analysts expect that Axcelis Technologies will report full year sales of $459.15 million for the current financial year, with estimates ranging from $458.30 million to $460.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $500.70 million per share, with estimates ranging from $490.00 million to $511.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Axcelis Technologies.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Wednesday, May 2nd. The semiconductor company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $122.20 million during the quarter, compared to the consensus estimate of $118.08 million. Axcelis Technologies had a net margin of 29.46% and a return on equity of 17.71%. The company’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS.

Several equities research analysts have commented on ACLS shares. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Friday, May 4th. BidaskClub upgraded Axcelis Technologies from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. Finally, ValuEngine cut Axcelis Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, June 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Axcelis Technologies presently has a consensus rating of “Hold” and an average target price of $30.50.

Axcelis Technologies traded down $0.30, hitting $20.50, during trading on Monday, according to MarketBeat Ratings. The stock had a trading volume of 292,896 shares, compared to its average volume of 400,929. The stock has a market capitalization of $652.55 million, a price-to-earnings ratio of 13.85, a PEG ratio of 0.73 and a beta of 0.97. Axcelis Technologies has a 12 month low of $18.60 and a 12 month high of $37.05.

In other Axcelis Technologies news, EVP Douglas A. Lawson sold 6,107 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $21.72, for a total transaction of $132,644.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.31% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of ACLS. BlackRock Inc. increased its position in shares of Axcelis Technologies by 97.1% during the 4th quarter. BlackRock Inc. now owns 3,914,998 shares of the semiconductor company’s stock worth $112,361,000 after purchasing an additional 1,928,927 shares during the last quarter. Bogle Investment Management L P DE acquired a new position in shares of Axcelis Technologies during the 4th quarter worth approximately $9,523,000. Bank of New York Mellon Corp increased its position in shares of Axcelis Technologies by 138.9% during the 4th quarter. Bank of New York Mellon Corp now owns 414,222 shares of the semiconductor company’s stock worth $11,888,000 after purchasing an additional 240,807 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Axcelis Technologies by 87.4% during the 4th quarter. Two Sigma Advisers LP now owns 349,249 shares of the semiconductor company’s stock worth $10,023,000 after purchasing an additional 162,899 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Axcelis Technologies by 315.0% during the 1st quarter. JPMorgan Chase & Co. now owns 208,248 shares of the semiconductor company’s stock worth $5,123,000 after purchasing an additional 158,065 shares during the last quarter. 85.94% of the stock is currently owned by hedge funds and other institutional investors.

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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