Axcelis Technologies (ACLS) Set to Announce Earnings on Wednesday

Axcelis Technologies (NASDAQ:ACLS) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect Axcelis Technologies to post earnings of $1.26 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.17. The business had revenue of $310.29 million during the quarter, compared to analysts’ expectations of $297.92 million. Axcelis Technologies had a net margin of 21.78% and a return on equity of 31.66%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 EPS. On average, analysts expect Axcelis Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Axcelis Technologies Stock Performance

ACLS stock opened at $103.06 on Monday. Axcelis Technologies has a 1-year low of $93.77 and a 1-year high of $201.00. The company has a current ratio of 3.79, a quick ratio of 2.71 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.36 billion, a PE ratio of 13.87, a P/E/G ratio of 1.11 and a beta of 1.63. The business’s 50-day moving average price is $108.41 and its two-hundred day moving average price is $122.94.

Insider Buying and Selling

In other news, EVP Douglas A. Lawson bought 500 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the purchase, the executive vice president now owns 19,648 shares of the company’s stock, valued at approximately $2,181,713.92. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ACLS has been the topic of several recent analyst reports. B. Riley cut their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 9th. B. Riley Financial dropped their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $189.00.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.