Rudolph Technologies Inc (NYSE:RTEC) – Analysts at DA Davidson dropped their FY2018 earnings per share (EPS) estimates for shares of Rudolph Technologies in a research note issued to investors on Monday, October 29th. DA Davidson analyst T. Diffely now expects that the scientific and technical instruments company will earn $1.31 per share for the year, down from their previous forecast of $1.51. DA Davidson also issued estimates for Rudolph Technologies’ Q2 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.43 EPS and Q4 2019 earnings at $0.41 EPS.
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, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $60.43 million during the quarter, compared to analysts’ expectations of $60.74 million. Rudolph Technologies had a return on equity of 14.01% and a net margin of 16.71%. The business’s revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS.
RTEC has been the subject of a number of other reports. Zacks Investment Research cut Rudolph Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. ValuEngine cut Rudolph Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. Sidoti raised Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Monday, September 10th. Finally, B. Riley decreased their target price on Rudolph Technologies from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, October 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $32.80.
Shares of NYSE RTEC opened at $21.78 on Wednesday. The stock has a market capitalization 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 52-week low of $19.06 and a 52-week high of $34.55.
A number of institutional investors have recently bought and sold shares of RTEC. Northern Trust Corp lifted its position 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 worth $11,263,000 after acquiring an additional 3,372 shares during the period. California Public Employees Retirement System lifted its position in Rudolph Technologies by 22.2% during the 1st quarter. California Public Employees Retirement System now owns 77,759 shares of the scientific and technical instruments company’s stock worth $2,154,000 after acquiring an additional 14,103 shares during the period. Russell Investments Group Ltd. acquired a new stake in Rudolph Technologies during the 1st quarter worth approximately $613,000. Principal Financial Group Inc. lifted its position in Rudolph Technologies by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 256,552 shares of the scientific and technical instruments company’s stock worth $7,106,000 after acquiring an additional 6,845 shares during the period. Finally, UBS Group AG lifted its position in Rudolph Technologies by 31.1% during the 1st quarter. UBS Group AG now owns 54,633 shares of the scientific and technical instruments company’s stock worth $1,513,000 after acquiring an additional 12,966 shares during the period. 92.44% of the stock is owned by institutional investors.
In other Rudolph Technologies news, VP Richard B. Rogoff sold 3,768 shares of the stock in a transaction that occurred 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 approximately $905,457.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.
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.
Recommended Story: Insider Trading
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.