AXT (AXTI) to Release Earnings on Thursday

AXT (NASDAQ:AXTI) is scheduled to post 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 interested in registering for the company’s earnings conference call can do so using this link.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $20.43 million during 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 Trading Down 1.0 %

AXTI stock opened at $3.00 on Wednesday. The firm has a 50 day moving average of $4.00 and a 200-day moving average of $2.92. AXT has a 12-month low of $1.89 and a 12-month high of $5.64. The company has a market cap of $132.75 million, a price-to-earnings ratio of -6.98 and a beta of 2.24.

Analysts Set New Price Targets

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