AXT (AXTI) to Release Earnings on Thursday

AXT (NASDAQ:AXTI) is scheduled to be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported ($0.09) earnings per share 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 business had revenue of $20.43 million during the quarter, compared to analysts’ expectations 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 Performance

Shares of AXTI stock opened at $3.01 on Thursday. AXT has a one year low of $1.89 and a one year high of $5.64. The firm’s 50 day moving average price is $3.94 and its 200-day moving average price is $2.90. The firm has a market cap of $133.19 million, a P/E ratio of -7.00 and a beta of 2.24.

Analyst Ratings Changes

AXTI has been the subject of several research analyst reports. Craig Hallum raised their price target on AXT from $3.75 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of AXT in a research report on Tuesday, April 9th. StockNews.com lowered shares of AXT from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. B. Riley raised their price objective on shares of AXT from $3.80 to $5.50 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $6.00 target price on shares of AXT in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, AXT currently has an average rating of “Moderate Buy” and a consensus target price of $5.30.

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.