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, July 31st. Analysts expect the company to announce earnings of $1.39 per share for the quarter. Axcelis Technologies has set its Q2 guidance at $1.30 EPS and its Q2 2024 guidance at 1.300-1.300 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.31. Axcelis Technologies had a net margin of 22.16% and a return on equity of 30.22%. The company had revenue of $252.37 million during the quarter, compared to analyst estimates of $242.55 million. 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

NASDAQ:ACLS opened at $122.99 on Tuesday. The company has a current ratio of 4.00, a quick ratio of 2.87 and a debt-to-equity ratio of 0.05. Axcelis Technologies has a twelve month low of $93.77 and a twelve month high of $201.00. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.60. The company has a 50-day moving average of $131.70 and a 200-day moving average of $120.30.

Wall Street Analysts Forecast Growth

ACLS has been the subject of a number of analyst reports. DA Davidson upped their price objective on shares of Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research note on Friday, July 12th. B. Riley upped their price objective on shares of Axcelis Technologies from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Craig Hallum upped their price objective on shares of Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Bank of America upped their price objective on shares of Axcelis Technologies from $125.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $172.33.

Insider Transactions at Axcelis Technologies

In related news, Director John T. Kurtzweil sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $114.42, for a total transaction of $137,304.00. Following the transaction, the director now owns 33,146 shares of the company’s stock, valued at $3,792,565.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.43% of the stock is owned by insiders.

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.