$109.67 Million in Sales Expected for Axcelis Technologies, Inc. (ACLS) This Quarter

Equities analysts predict that Axcelis Technologies, Inc. (NASDAQ:ACLS) will post $109.67 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Axcelis Technologies’ earnings, with estimates ranging from $109.50 million to $109.80 million. Axcelis Technologies posted sales of $69.36 million during the same quarter last year, which suggests a positive year-over-year growth rate of 58.1%. The firm is scheduled to announce its next earnings results on Wednesday, February 7th.

On average, analysts expect that Axcelis Technologies will report full-year sales of $109.67 million for the current year, with estimates ranging from $403.70 million to $404.00 million. For the next year, analysts forecast that the firm will report sales of $444.53 million per share, with estimates ranging from $436.18 million to $452.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Axcelis Technologies.

A number of equities analysts recently commented on ACLS shares. Benchmark reaffirmed a “buy” rating and issued a $28.00 target price (up from $24.00) on shares of Axcelis Technologies in a report on Friday, September 8th. ValuEngine upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. B. Riley reiterated a “buy” rating and issued a $30.00 price target on shares of Axcelis Technologies in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Friday, September 15th. Finally, Craig Hallum lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Axcelis Technologies presently has an average rating of “Hold” and an average target price of $31.33.

Axcelis Technologies (NASDAQ:ACLS) opened at $29.15 on Tuesday. Axcelis Technologies has a twelve month low of $12.95 and a twelve month high of $37.05. The company has a market capitalization of $975.38, a price-to-earnings ratio of 27.48, a P/E/G ratio of 1.08 and a beta of 1.07.

In other news, EVP John E. Aldeborgh sold 87,500 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $33.22, for a total transaction of $2,906,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin J. Brewer sold 62,348 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $22.46, for a total value of $1,400,336.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 265,038 shares of company stock valued at $8,016,850. Company insiders own 5.66% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in shares of Axcelis Technologies by 391.3% during the second quarter. Royal Bank of Canada now owns 4,913 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 3,913 shares in the last quarter. Advisor Group Inc. grew its position in Axcelis Technologies by 143.7% in the third quarter. Advisor Group Inc. now owns 3,985 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 2,350 shares in the last quarter. Creative Planning grew its position in Axcelis Technologies by 22,400.0% in the second quarter. Creative Planning now owns 5,625 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 5,600 shares in the last quarter. Jane Street Group LLC purchased a new position in Axcelis Technologies in the third quarter worth about $201,000. Finally, J.P. Marvel Investment Advisors LLC purchased a new position in Axcelis Technologies in the second quarter worth about $220,000. Hedge funds and other institutional investors own 78.14% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “$109.67 Million in Sales Expected for Axcelis Technologies, Inc. (ACLS) This Quarter” was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at https://www.com-unik.info/2017/12/05/109-67-million-in-sales-expected-for-axcelis-technologies-inc-acls-this-quarter.html.

Axcelis Technologies Company Profile

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.

Get a free copy of the Zacks research report on Axcelis Technologies (ACLS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Axcelis Technologies (NASDAQ:ACLS)

What are top analysts saying about Axcelis Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Axcelis Technologies Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit