Axcelis Technologies (NASDAQ:ACLS) Releases Q4 2024 Earnings Guidance

Axcelis Technologies (NASDAQ:ACLS) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.250-1.250 for the period, compared to the consensus estimate of 1.520. The company issued revenue guidance of $245.0 million-$245.0 million, compared to the consensus revenue estimate of $262.1 million.

Axcelis Technologies Stock Down 2.3 %

Shares of ACLS traded down $2.02 during midday trading on Friday, reaching $85.08. 935,682 shares of the stock were exchanged, compared to its average volume of 630,446. Axcelis Technologies has a 52 week low of $81.47 and a 52 week high of $158.61. The company has a current ratio of 4.42, a quick ratio of 3.26 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $96.91 and its two-hundred day moving average is $113.25. The company has a market capitalization of $2.78 billion, a P/E ratio of 12.59, a PEG ratio of 2.57 and a beta of 1.60.

Analyst Upgrades and Downgrades

ACLS has been the topic of a number of recent research reports. Craig Hallum raised their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, July 12th. DA Davidson increased their price target on Axcelis Technologies from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday. Finally, B. Riley decreased their price target on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $167.33.

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.