For its third fiscal quarter (ending September 30), Axcelis Technologies Inc. (NASDAQ: ACLS) has reported a -26% decline in E.P.S. from $2.01 a year ago to $1.49 in the current quarter. For the latest four quarters through September 30, E.P.S. were $6.80 versus $7.09 for the same period a year ago — a decline of -4%.
Recent Price Action
Axcelis Technologies Inc. (NASDAQ: ACLS) stock enjoyed a large increase of 2.9% on 11/6/24. The stock closed at $87.95. Moreover, trading volume in this advance was above average at 137% of normal. The stock has been weak relative to the market over the last nine months and has declined -4.5% during the last week.
Current PriceTarget Research Rating
ACLS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Axcelis Technologies has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Axcelis Technologies has a slightly positive Appreciation Score of 68 but a slightly negative Power Rating of 34, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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