Axcelis Technologies (ACLS) Scheduled to Post Quarterly Earnings on Wednesday

Axcelis Technologies (NASDAQ:ACLS) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.26 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.17. Axcelis Technologies had a net margin of 21.78% and a return on equity of 31.66%. The company had revenue of $310.29 million during the quarter, compared to analysts’ expectations of $297.92 million. During the same period last year, the company posted $1.71 EPS. Axcelis Technologies’s revenue was up 16.6% on a year-over-year basis. 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 Trading Up 0.3 %

Shares of NASDAQ ACLS opened at $97.24 on Wednesday. Axcelis Technologies has a 1 year low of $93.77 and a 1 year high of $201.00. The stock has a market cap of $3.17 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. The firm has a 50-day moving average of $109.51 and a 200 day moving average of $124.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.79 and a quick ratio of 2.71.

Insiders Place Their Bets

In other news, EVP Douglas A. Lawson bought 500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average cost of $111.04 per share, with a total value of $55,520.00. Following the completion of the acquisition, the executive vice president now owns 19,648 shares of the company’s stock, valued at $2,181,713.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. B. Riley Financial lowered their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. B. Riley lowered their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Axcelis Technologies Company Profile

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.