Wall Street analysts expect Axcelis Technologies Inc (NASDAQ:ACLS) to report sales of $117.75 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Axcelis Technologies’ earnings, with the lowest sales estimate coming in at $117.50 million and the highest estimate coming in at $118.00 million. Axcelis Technologies reported sales of $86.89 million during the same quarter last year, which indicates a positive year-over-year growth rate of 35.5%. The business is expected to report its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Axcelis Technologies will report full year sales of $117.75 million for the current fiscal year, with estimates ranging from $436.18 million to $455.00 million. For the next fiscal year, analysts forecast that the business will report sales of $494.20 million per share, with estimates ranging from $479.80 million to $508.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. Axcelis Technologies had a return on equity of 18.64% and a net margin of 30.92%. The firm had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $109.76 million. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 67.7% compared to the same quarter last year.
Axcelis Technologies (NASDAQ ACLS) opened at $24.80 on Wednesday. Axcelis Technologies has a fifty-two week low of $14.60 and a fifty-two week high of $37.05. The stock has a market capitalization of $794.79, a PE ratio of 6.56, a PEG ratio of 0.94 and a beta of 1.01.
A number of hedge funds have recently modified their holdings of ACLS. Wells Fargo & Company MN boosted its holdings in Axcelis Technologies by 5.2% during the 2nd quarter. Wells Fargo & Company MN now owns 28,572 shares of the semiconductor company’s stock valued at $599,000 after acquiring an additional 1,416 shares during the period. Alliancebernstein L.P. purchased a new stake in Axcelis Technologies during the 2nd quarter valued at about $735,000. Teachers Advisors LLC boosted its holdings in Axcelis Technologies by 11.7% during the 2nd quarter. Teachers Advisors LLC now owns 53,867 shares of the semiconductor company’s stock valued at $1,129,000 after acquiring an additional 5,633 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Axcelis Technologies by 1.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 79,807 shares of the semiconductor company’s stock valued at $1,672,000 after acquiring an additional 1,147 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Axcelis Technologies by 338.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 78,738 shares of the semiconductor company’s stock valued at $1,649,000 after acquiring an additional 60,784 shares during the period. Institutional investors own 84.92% of the company’s stock.
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About Axcelis Technologies
Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.
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