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

Axcelis Technologies (NASDAQ:ACLS) updated its fourth quarter 2024 earnings guidance on Wednesday. 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 Performance

NASDAQ:ACLS traded down $2.02 during midday trading on Friday, reaching $85.08. 935,682 shares of the company traded hands, compared to its average volume of 630,446. Axcelis Technologies has a twelve month low of $81.47 and a twelve month high of $158.61. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.57 and a beta of 1.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.42 and a quick ratio of 3.26. The company has a fifty day moving average price of $96.91 and a 200 day moving average price of $113.14.

Analyst Ratings Changes

Several research analysts have commented on ACLS shares. Craig Hallum upped their target price on shares of Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday. 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 report on Friday, August 2nd. DA Davidson boosted their price objective on Axcelis Technologies from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a research report on Friday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Company Profile

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.