Equities analysts expect that Rudolph Technologies Inc (NYSE:RTEC) will report earnings of $0.35 per share for the current quarter, Zacks reports. Three analysts have made estimates for Rudolph Technologies’ earnings, with estimates ranging from $0.34 to $0.35. Rudolph Technologies reported earnings of $0.33 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.1%. The firm is expected to report its next quarterly earnings report on Monday, October 29th.
On average, analysts expect that Rudolph Technologies will report full year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.86. For the next fiscal year, analysts forecast that the business will post earnings of $2.05 per share, with EPS estimates ranging from $1.90 to $2.19. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Rudolph Technologies.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Thursday, August 2nd. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The business had revenue of $77.48 million during the quarter, compared to the consensus estimate of $77.80 million. Rudolph Technologies had a return on equity of 14.01% and a net margin of 16.71%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share.
RTEC has been the subject of several research analyst reports. ValuEngine raised Rudolph Technologies from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Sidoti downgraded Rudolph Technologies from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Monday, June 4th. Finally, Zacks Investment Research downgraded Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $32.50.
Shares of RTEC stock traded up $0.25 during trading hours on Friday, hitting $24.40. The stock had a trading volume of 4,563 shares, compared to its average volume of 257,228. The company has a market capitalization of $775.19 million, a P/E ratio of 23.22, a PEG ratio of 1.49 and a beta of 0.85. Rudolph Technologies has a twelve month low of $23.05 and a twelve month high of $34.55.
In related news, VP Richard B. Rogoff sold 3,768 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $27.70, for a total transaction of $104,373.60. Following the completion of the sale, the vice president now directly owns 32,688 shares of the company’s stock, valued at $905,457.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. raised its position in Rudolph Technologies by 102.1% in the second quarter. Macquarie Group Ltd. now owns 3,959 shares of the scientific and technical instruments company’s stock worth $117,000 after acquiring an additional 2,000 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Rudolph Technologies by 495.0% in 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 acquiring an additional 3,594 shares in the last quarter. Meeder Asset Management Inc. raised its position in Rudolph Technologies by 319.0% in the second quarter. Meeder Asset Management Inc. now owns 5,304 shares of the scientific and technical instruments company’s stock worth $157,000 after acquiring an additional 4,038 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Rudolph Technologies in the second quarter worth $219,000. Finally, Sei Investments Co. raised its position in Rudolph Technologies by 399.0% in the second quarter. Sei Investments Co. now owns 7,565 shares of the scientific and technical instruments company’s stock worth $224,000 after acquiring an additional 6,049 shares in the last quarter. 94.66% of the stock is owned by hedge funds and other institutional investors.
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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