AXT (AXTI) Set to Announce Quarterly Earnings on Thursday

AXT (NASDAQ:AXTI) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect AXT to post earnings of ($0.08) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, February 22nd. The semiconductor company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.05. AXT had a negative net margin of 23.59% and a negative return on equity of 7.80%. The firm had revenue of $20.43 million for the quarter, compared to the consensus estimate of $17.62 million. On average, analysts expect AXT to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AXT Stock Up 2.0 %

AXT stock opened at $3.03 on Tuesday. The company has a 50 day moving average of $3.99 and a 200-day moving average of $2.91. AXT has a twelve month low of $1.89 and a twelve month high of $5.64. The stock has a market capitalization of $134.08 million, a PE ratio of -7.05 and a beta of 2.24.

Analysts Set New Price Targets

AXTI has been the subject of a number of research analyst reports. StockNews.com lowered shares of AXT from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price objective on shares of AXT in a report on Tuesday, April 9th. Wedbush restated an “outperform” rating and issued a $6.00 target price on shares of AXT in a research note on Monday, April 8th. Craig Hallum raised their price target on shares of AXT from $3.75 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, B. Riley lifted their price objective on shares of AXT from $3.80 to $5.50 and gave the company a “buy” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5.38.

About AXT

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.