Brokerages expect that Rudolph Technologies Inc (NYSE:RTEC) will post $62.67 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Rudolph Technologies’ earnings. The highest sales estimate is $63.00 million and the lowest is $62.00 million. Rudolph Technologies posted sales of $60.08 million during the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The company is expected to issue its next earnings results on Thursday, February 7th.
According to Zacks, analysts expect that Rudolph Technologies will report full-year sales of $273.67 million for the current fiscal year, with estimates ranging from $273.00 million to $274.00 million. For the next year, analysts anticipate that the firm will report sales of $288.17 million, with estimates ranging from $281.50 million to $295.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Rudolph Technologies.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Rudolph Technologies had a return on equity of 13.13% and a net margin of 13.36%. The firm had revenue of $60.43 million for the quarter, compared to analysts’ expectations of $60.74 million. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s revenue was down 9.7% on a year-over-year basis.
Several equities research analysts have recently weighed in on the company. ValuEngine upgraded Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded Rudolph Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday. B. Riley decreased their price target on Rudolph Technologies from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. Finally, Sidoti upgraded Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Monday, September 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $32.80.
Hedge funds and other institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. grew its holdings in shares of Rudolph Technologies by 102.1% during the second quarter. Macquarie Group Ltd. now owns 3,959 shares of the scientific and technical instruments company’s stock worth $117,000 after purchasing an additional 2,000 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Rudolph Technologies by 495.0% during 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 purchasing an additional 3,594 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Rudolph Technologies by 319.0% during 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 purchasing an additional 4,038 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Rudolph Technologies during the second quarter worth about $219,000. Finally, Sei Investments Co. grew its holdings in shares of Rudolph Technologies by 399.0% during the second quarter. Sei Investments Co. now owns 7,565 shares of the scientific and technical instruments company’s stock worth $224,000 after purchasing an additional 6,049 shares in the last quarter. 93.06% of the stock is owned by institutional investors.
Shares of RTEC traded down $0.60 during midday trading on Wednesday, hitting $20.64. 239,712 shares of the company traded hands, compared to its average volume of 196,182. Rudolph Technologies has a one year low of $19.05 and a one year high of $34.55. The stock has a market cap of $676.93 million, a PE ratio of 19.85, a P/E/G ratio of 1.53 and a beta of 1.06.
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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