Axcelis Technologies (NASDAQ:ACLS – Get Free Report) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of above $1.38 for the period, compared to the consensus earnings per share estimate of $1.30. The company issued revenue guidance of above $252 million, compared to the consensus revenue estimate of $244.68 million. Axcelis Technologies also updated its Q2 2024 guidance to 1.380- EPS.
Axcelis Technologies Stock Down 6.7 %
Axcelis Technologies stock opened at $144.57 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.87 and a current ratio of 4.00. The business’s 50-day simple moving average is $126.64 and its two-hundred day simple moving average is $119.60. The company has a market cap of $4.70 billion, a PE ratio of 19.10, a PEG ratio of 3.48 and a beta of 1.60. Axcelis Technologies has a fifty-two week low of $93.77 and a fifty-two week high of $201.00.
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.31. Axcelis Technologies had a return on equity of 30.22% and a net margin of 22.16%. The firm had revenue of $252.37 million for the quarter, compared to the consensus estimate of $242.55 million. Equities analysts anticipate that Axcelis Technologies will post 6.41 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on ACLS
Insider Buying and Selling at Axcelis Technologies
In other Axcelis Technologies news, Director John T. Kurtzweil sold 1,200 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $114.42, for a total transaction of $137,304.00. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.14% of the company’s stock.
About Axcelis Technologies
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.
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