AXT (AXTI) to Release Earnings on Thursday

AXT (NASDAQ:AXTI - Get Free Report) will release its earnings data after the market closes on Thursday, October 31st. Analysts expect AXT to post earnings of ($0.06) per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

AXT (NASDAQ:AXTI - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $27.92 million for the quarter, compared to analyst estimates of $26.50 million. AXT had a negative net margin of 14.75% and a negative return on equity of 5.87%. During the same period in the prior year, the firm earned ($0.12) earnings per share. On average, analysts expect AXT to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AXT Stock Performance

Shares of AXTI stock traded up $0.04 during midday trading on Thursday, hitting $2.61. 106,323 shares of the company were exchanged, compared to its average volume of 1,056,315. AXT has a 52 week low of $1.89 and a 52 week high of $5.64. The firm has a market capitalization of $115.88 million, a P/E ratio of -6.53 and a beta of 2.23. The firm's 50 day moving average price is $2.48 and its two-hundred day moving average price is $3.05.

Analyst Upgrades and Downgrades

AXTI has been the subject of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and set a $5.00 price objective on shares of AXT in a report on Friday, August 2nd. StockNews.com lowered AXT from a "hold" rating to a "sell" rating in a report on Monday, September 30th. Finally, Wedbush reissued an "outperform" rating and set a $6.00 target price on shares of AXT in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5.38.

AXT Company Profile

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.