Brokerages expect Rudolph Technologies Inc (NYSE:RTEC) to post $0.27 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Rudolph Technologies’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.29. Rudolph Technologies reported earnings per share of $0.29 in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.9%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, February 4th.
According to Zacks, analysts expect that Rudolph Technologies will report full year earnings of $1.55 per share for the current year, with EPS estimates ranging from $1.54 to $1.57. For the next year, analysts anticipate that the business will post earnings of $1.61 per share, with EPS estimates ranging from $1.57 to $1.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Rudolph Technologies.
Rudolph Technologies (NYSE:RTEC) last announced its earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. Rudolph Technologies had a net margin of 13.36% and a return on equity of 13.13%. The company had revenue of $60.43 million for the quarter, compared to analysts’ expectations of $60.74 million. During the same quarter in the previous year, the company posted $0.33 EPS. The firm’s quarterly revenue was down 9.7% on a year-over-year basis.
Several research analysts have recently commented on RTEC shares. Zacks Investment Research upgraded Rudolph Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Stifel Nicolaus reduced their price objective on shares of Rudolph Technologies from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, October 4th. ValuEngine lowered shares of Rudolph Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. Finally, B. Riley reduced their price objective on shares of Rudolph Technologies from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, October 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.80.
NYSE RTEC opened at $21.07 on Friday. Rudolph Technologies has a 52 week low of $18.13 and a 52 week high of $34.55. The firm has a market cap of $665.77 million, a PE ratio of 20.26, a P/E/G ratio of 1.49 and a beta of 0.97.
Institutional investors and hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. raised its holdings in Rudolph Technologies by 102.1% in the 2nd quarter. Macquarie Group Ltd. now owns 3,959 shares of the scientific and technical instruments company’s stock valued at $117,000 after buying an additional 2,000 shares during the period. Envestnet Asset Management Inc. increased its stake in Rudolph Technologies by 495.0% during the second quarter. Envestnet Asset Management Inc. now owns 4,320 shares of the scientific and technical instruments company’s stock worth $128,000 after purchasing an additional 3,594 shares during the period. Sei Investments Co. increased its stake in Rudolph Technologies by 399.0% during the second quarter. Sei Investments Co. now owns 7,565 shares of the scientific and technical instruments company’s stock worth $224,000 after purchasing an additional 6,049 shares during the period. SG Americas Securities LLC purchased a new stake in Rudolph Technologies during the second quarter worth about $249,000. Finally, Paloma Partners Management Co purchased a new stake in Rudolph Technologies during the third quarter worth about $250,000. Hedge funds and other institutional investors own 92.97% of the company’s stock.
Rudolph Technologies Company Profile
Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing. The company also offers process and yield management solutions used in wafer processing facilities, and device packaging and test facilities manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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