$210.00 Million in Sales Expected for Axcelis Technologies, Inc. (NASDAQ:ACLS) This Quarter – Defense World
Posted by admin on Jun 5th, 2022 
Wall Street analysts forecast that Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Rating) will post $210.00 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Axcelis Technologies’ earnings. Axcelis Technologies posted sales of $147.27 million during the same quarter last year, which suggests a positive year over year growth rate of 42.6%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Axcelis Technologies will report full year sales of $854.25 million for the current year, with estimates ranging from $853.50 million to $855.00 million. For the next fiscal year, analysts expect that the business will report sales of $905.30 million, with estimates ranging from $885.60 million to $925.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Axcelis Technologies.
Axcelis Technologies (NASDAQ:ACLS – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.30. The business had revenue of $203.60 million for the quarter, compared to analyst estimates of $193.12 million. Axcelis Technologies had a return on equity of 23.53% and a net margin of 16.88%. The company’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share.
ACLS has been the topic of several recent research reports. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “strong-buy” rating and set a $67.00 price target on the stock in a report on Monday, May 9th. B. Riley increased their price objective on Axcelis Technologies from $87.00 to $98.00 in a research note on Wednesday, March 30th. Finally, StockNews.com downgraded Axcelis Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 25th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Axcelis Technologies presently has a consensus rating of “Buy” and an average target price of $77.60.
In related news, CEO Mary G. Puma sold 11,000 shares of the stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $69.23, for a total transaction of $761,530.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.15% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd purchased a new stake in Axcelis Technologies in the fourth quarter worth $56,000. Clark Capital Management Group Inc. purchased a new stake in Axcelis Technologies in the fourth quarter worth $1,864,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Axcelis Technologies in the fourth quarter worth $310,000. Lazard Asset Management LLC increased its position in Axcelis Technologies by 75.4% in the fourth quarter. Lazard Asset Management LLC now owns 4,996 shares of the semiconductor company’s stock worth $372,000 after buying an additional 2,148 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new stake in Axcelis Technologies in the fourth quarter worth $212,000. 83.38% of the stock is owned by institutional investors.
Shares of NASDAQ:ACLS opened at $61.99 on Friday. The business’s 50 day simple moving average is $60.06 and its two-hundred day simple moving average is $64.70. The firm has a market cap of $2.05 billion, a P/E ratio of 17.08 and a beta of 1.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.02 and a current ratio of 4.40. Axcelis Technologies has a 52-week low of $33.36 and a 52-week high of $83.74.
Axcelis Technologies Company Profile (Get Rating)
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. The company offers high energy, high current, and medium current implanters for various application requirements.
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