Equities analysts expect that Rudolph Technologies Inc (NYSE:RTEC) will post earnings per share of $0.40 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Rudolph Technologies’ earnings, with estimates ranging from $0.38 to $0.42. Rudolph Technologies reported earnings of $0.26 per share during the same quarter last year, which indicates a positive year over year growth rate of 53.8%. The business is expected to announce its next quarterly earnings results on Monday, May 7th.
On average, analysts expect that Rudolph Technologies will report full year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.70. For the next year, analysts anticipate that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.80 to $1.91. Zacks’ EPS calculations are an average based on a survey of research firms that cover Rudolph Technologies.
Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Rudolph Technologies had a net margin of 12.90% and a return on equity of 11.08%. The company had revenue of $60.08 million during the quarter, compared to the consensus estimate of $60.79 million. During the same period last year, the firm earned $0.21 EPS. Rudolph Technologies’s revenue for the quarter was up 11.1% on a year-over-year basis.
Several research firms have issued reports on RTEC. Sidoti upgraded shares of Rudolph Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research cut shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Stifel Nicolaus increased their target price on shares of Rudolph Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. B. Riley increased their target price on shares of Rudolph Technologies from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, DA Davidson reiterated a “buy” rating and issued a $33.00 target price on shares of Rudolph Technologies in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $29.67.
NYSE RTEC traded down $0.75 on Tuesday, hitting $27.40. The stock had a trading volume of 150,036 shares, compared to its average volume of 221,918. Rudolph Technologies has a 52-week low of $21.00 and a 52-week high of $30.85. The stock has a market capitalization of $866.06, a PE ratio of 26.35, a P/E/G ratio of 1.86 and a beta of 1.02.
In other news, insider Steven R. Roth sold 18,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $468,180.00. Following the sale, the insider now owns 74,073 shares in the company, valued at approximately $1,926,638.73. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Steven D. Gardner sold 6,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $25.21, for a total transaction of $151,260.00. Following the sale, the vice president now owns 37,102 shares in the company, valued at approximately $935,341.42. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of RTEC. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Rudolph Technologies during the 3rd quarter valued at $139,000. LS Investment Advisors LLC raised its position in shares of Rudolph Technologies by 68.4% during the 4th quarter. LS Investment Advisors LLC now owns 8,596 shares of the scientific and technical instruments company’s stock valued at $205,000 after buying an additional 3,492 shares in the last quarter. Exane Derivatives purchased a new position in Rudolph Technologies in the 4th quarter worth $237,000. Teacher Retirement System of Texas purchased a new position in Rudolph Technologies in the 4th quarter worth $251,000. Finally, Capital Fund Management S.A. purchased a new position in Rudolph Technologies in the 4th quarter worth $258,000. Hedge funds and other institutional investors own 91.25% of the company’s stock.
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Rudolph Technologies Company Profile
Rudolph Technologies, Inc (Rudolph) is engaged in the design, development, manufacture and support of process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used by microelectronics device manufacturers. The Company provides process and yield management solutions used in both wafer processing and final manufacturing through a family of standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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