Amtech Systems, Inc. (ASYS) Expected to Announce Earnings of -$0.05 Per Share
Analysts expect Amtech Systems, Inc. (NASDAQ:ASYS) to report ($0.05) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Amtech Systems’ earnings. Amtech Systems posted earnings of ($0.09) per share during the same quarter last year, which suggests a positive year over year growth rate of 44.4%. The firm is expected to report its next quarterly earnings results on Thursday, August 3rd.
On average, analysts expect that Amtech Systems will report full-year earnings of ($0.07) per share for the current year. For the next financial year, analysts anticipate that the firm will report earnings of $0.36 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Amtech Systems.
Amtech Systems (NASDAQ:ASYS) last announced its quarterly earnings data on Wednesday, May 10th. The semiconductor company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.01. The company had revenue of $32.94 million during the quarter, compared to the consensus estimate of $27.95 million. Amtech Systems had a negative net margin of 2.16% and a negative return on equity of 4.59%. Amtech Systems’s quarterly revenue was up 46.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) EPS.
A number of equities research analysts recently weighed in on ASYS shares. Benchmark Co. cut their price objective on shares of Amtech Systems from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, May 11th. TheStreet upgraded shares of Amtech Systems from a “d+” rating to a “c-” rating in a research note on Monday, May 15th. ValuEngine upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, Zacks Investment Research upgraded shares of Amtech Systems from a “sell” rating to a “hold” rating and set a $8.50 price objective on the stock in a research note on Tuesday, May 16th.
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Shares of Amtech Systems (ASYS) traded up 1.38% during trading on Thursday, reaching $8.09. 55,132 shares of the company’s stock were exchanged. The company’s 50-day moving average is $8.01 and its 200 day moving average is $5.91. The stock’s market capitalization is $106.79 million. Amtech Systems has a 52 week low of $3.99 and a 52 week high of $9.19.
In other Amtech Systems news, Director Robert F. King sold 4,700 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $8.68, for a total value of $40,796.00. Following the sale, the director now directly owns 12,900 shares in the company, valued at $111,972. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 34.60% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Amtech Systems by 29.5% in the fourth quarter. Renaissance Technologies LLC now owns 99,236 shares of the semiconductor company’s stock valued at $422,000 after buying an additional 22,600 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in shares of Amtech Systems by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 343,037 shares of the semiconductor company’s stock worth $1,887,000 after buying an additional 57,881 shares in the last quarter. WealthTrust Axiom LLC boosted its position in shares of Amtech Systems by 7.7% in the first quarter. WealthTrust Axiom LLC now owns 59,937 shares of the semiconductor company’s stock worth $329,000 after buying an additional 4,308 shares in the last quarter. Algert Global LLC bought a new position in shares of Amtech Systems during the first quarter worth $147,000. Finally, Ironwood Investment Management LLC boosted its position in shares of Amtech Systems by 6.4% in the first quarter. Ironwood Investment Management LLC now owns 39,978 shares of the semiconductor company’s stock worth $220,000 after buying an additional 2,398 shares in the last quarter. Hedge funds and other institutional investors own 52.65% of the company’s stock.
Amtech Systems Company Profile
Amtech Systems, Inc is engaged in the manufacture of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, Light Emitting Diode (LED) and semiconductor devices. The Company operates through three business segments: solar, semiconductor and polishing.
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