Axcelis Technologies (ACLS) Releases Q1 Earnings Guidance
Axcelis Technologies (NASDAQ:ACLS) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.44-$0.47 for the period, compared to the Thomson Reuters consensus estimate of $0.41. The company issued revenue guidance of $115-$120 million, compared to the consensus revenue estimate of $110.58 million.
Shares of Axcelis Technologies (ACLS) traded down $0.85 during midday trading on Thursday, reaching $23.05. The company’s stock had a trading volume of 74,728 shares, compared to its average volume of 544,618. The company has a market cap of $730.64, a P/E ratio of 6.24, a P/E/G ratio of 0.67 and a beta of 1.01. Axcelis Technologies has a 52 week low of $14.60 and a 52 week high of $37.05.
Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.08. The company had revenue of $116.40 million for the quarter, compared to the consensus estimate of $109.76 million. Axcelis Technologies had a return on equity of 20.95% and a net margin of 30.92%. The company’s revenue for the quarter was up 67.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. sell-side analysts forecast that Axcelis Technologies will post 1.81 earnings per share for the current year.
In related news, Director John T. Kurtzweil sold 1,800 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $34.03, for a total value of $61,254.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kevin J. Brewer sold 44,640 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $33.93, for a total value of $1,514,635.20. The disclosure for this sale can be found here. 5.66% of the stock is currently owned by company insiders.
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About Axcelis Technologies
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.
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