Rudolph Technologies (NYSE:RTEC) updated its fourth quarter 2018 earnings guidance on Thursday. The company provided EPS guidance of $0.24-0.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $60-66 million, compared to the consensus revenue estimate of $64.86 million.
A number of brokerages have recently issued reports on RTEC. Stifel Nicolaus lowered their price objective on Rudolph Technologies from $35.00 to $30.00 and set a buy rating for the company in a research report on Thursday, October 4th. B. Riley lowered their target price on Rudolph Technologies from $36.00 to $30.00 and set a buy rating for the company in a report on Thursday, October 4th. Sidoti upgraded Rudolph Technologies from a neutral rating to a buy rating and set a $36.00 target price for the company in a report on Monday, September 10th. ValuEngine downgraded Rudolph Technologies from a hold rating to a sell rating in a report on Wednesday, September 12th. Finally, Zacks Investment Research upgraded Rudolph Technologies from a sell rating to a hold rating in a report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $32.80.
RTEC stock traded up $0.99 during mid-day trading on Thursday, reaching $21.78. The company’s stock had a trading volume of 277,700 shares, compared to its average volume of 240,510. The company has a market cap of $657.79 million, a P/E ratio of 20.94, a PEG ratio of 1.54 and a beta of 0.83. Rudolph Technologies has a 12 month low of $19.06 and a 12 month high of $34.55.
Rudolph Technologies (NYSE:RTEC) last issued its earnings results on Thursday, August 2nd. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping the Zacks’ 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 firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. On average, research analysts predict that Rudolph Technologies will post 1.34 EPS for the current year.
In other Rudolph Technologies news, VP Richard B. Rogoff sold 3,768 shares of Rudolph Technologies stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $27.70, for a total value of $104,373.60. Following the completion of the sale, the vice president now directly owns 32,688 shares in the company, valued at $905,457.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
About Rudolph Technologies
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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