Wall Street brokerages forecast that Rudolph Technologies Inc (NYSE:RTEC) will announce earnings per share (EPS) of $0.49 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Rudolph Technologies’ earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.49. Rudolph Technologies reported earnings of $0.33 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 48.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Rudolph Technologies will report full-year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $1.95. For the next fiscal year, analysts anticipate that the business will post earnings of $2.09 per share, with EPS estimates ranging from $1.95 to $2.27. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Rudolph Technologies.
Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings results on Wednesday, May 2nd. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10. Rudolph Technologies had a return on equity of 12.99% and a net margin of 15.28%. The business had revenue of $73.10 million for the quarter, compared to the consensus estimate of $68.94 million. During the same quarter last year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, May 9th. Stifel Nicolaus raised their price target on Rudolph Technologies from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, May 3rd. ValuEngine downgraded Rudolph Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Finally, Sidoti assumed coverage on Rudolph Technologies in a research report on Friday, March 16th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.50.
In other news, Director John R. Whitten sold 6,300 shares of Rudolph Technologies stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $31.67, for a total value of $199,521.00. Following the transaction, the director now owns 30,030 shares in the company, valued at $951,050.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Silveira Elvino M. Da sold 10,000 shares of Rudolph Technologies stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $32.46, for a total value of $324,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,000 shares of company stock worth $1,118,523. Company insiders own 2.00% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Rudolph Technologies by 2.5% during the 1st quarter. BlackRock Inc. now owns 4,123,528 shares of the scientific and technical instruments company’s stock valued at $114,223,000 after purchasing an additional 99,090 shares during the period. Renaissance Technologies LLC increased its holdings in Rudolph Technologies by 8.9% during the 4th quarter. Renaissance Technologies LLC now owns 891,996 shares of the scientific and technical instruments company’s stock valued at $21,319,000 after purchasing an additional 73,160 shares during the period. Palisade Capital Management LLC NJ increased its holdings in Rudolph Technologies by 9.3% during the 1st quarter. Palisade Capital Management LLC NJ now owns 407,562 shares of the scientific and technical instruments company’s stock valued at $11,289,000 after purchasing an additional 34,664 shares during the period. Northern Trust Corp increased its holdings in Rudolph Technologies by 0.8% during the 1st quarter. Northern Trust Corp now owns 406,545 shares of the scientific and technical instruments company’s stock valued at $11,263,000 after purchasing an additional 3,372 shares during the period. Finally, Systematic Financial Management LP increased its holdings in Rudolph Technologies by 1,635.6% during the 1st quarter. Systematic Financial Management LP now owns 355,389 shares of the scientific and technical instruments company’s stock valued at $9,844,000 after purchasing an additional 334,912 shares during the period. Institutional investors own 91.44% of the company’s stock.
Rudolph Technologies opened at $29.60 on Thursday, according to Marketbeat Ratings. Rudolph Technologies has a twelve month low of $21.10 and a twelve month high of $34.55. The stock has a market cap of $927.15 million, a price-to-earnings ratio of 28.46, a PEG ratio of 1.67 and a beta of 1.11.
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.
Get a free copy of the Zacks research report on Rudolph Technologies (RTEC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Rudolph Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rudolph Technologies and related companies with MarketBeat.com's FREE daily email newsletter.