Axcelis Technologies (ACLS) to Release Quarterly Earnings on Monday

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) is projected to announce its Q4 2024 earnings results after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $1.25 per share and revenue of $244.95 million for the quarter. Axcelis Technologies has set its Q1 2025 guidance at 0.380-0.380 EPS.Investors interested in registering for the company's conference call can do so using this link.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 24.16% and a net margin of 20.65%. On average, analysts expect Axcelis Technologies to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Axcelis Technologies Price Performance

NASDAQ ACLS traded down $8.28 during mid-day trading on Tuesday, hitting $59.30. The stock had a trading volume of 2,270,428 shares, compared to its average volume of 634,600. Axcelis Technologies has a 52-week low of $57.68 and a 52-week high of $158.61. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 2.39 and a beta of 1.52. The company has a 50 day simple moving average of $71.28 and a 200 day simple moving average of $88.45. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ACLS shares. Craig Hallum dropped their price target on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Finally, Benchmark downgraded Axcelis Technologies from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Axcelis Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.00.

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.