Wall Street brokerages expect Rudolph Technologies, Inc. (NYSE:RTEC) to announce sales of $60.00 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Rudolph Technologies’ earnings. Rudolph Technologies reported sales of $54.08 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The business is scheduled to announce its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Rudolph Technologies will report full-year sales of $60.00 million for the current year, with estimates ranging from $254.10 million to $259.00 million. For the next year, analysts forecast that the business will report sales of $279.67 million per share, with estimates ranging from $275.00 million to $284.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Rudolph Technologies.
Rudolph Technologies (NYSE:RTEC) last released its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. Rudolph Technologies had a return on equity of 21.59% and a net margin of 25.95%. The firm had revenue of $66.90 million for the quarter, compared to the consensus estimate of $66.25 million. During the same period in the prior year, the firm earned $0.29 EPS. The firm’s revenue was up 8.6% on a year-over-year basis.
Several equities analysts recently issued reports on RTEC shares. B. Riley started coverage on Rudolph Technologies in a research report on Monday, September 11th. They issued a “buy” rating and a $30.00 target price on the stock. BidaskClub raised Rudolph Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Zacks Investment Research downgraded Rudolph Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Credit Suisse Group upped their target price on Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.00.
Rudolph Technologies (NYSE:RTEC) opened at $25.90 on Friday. Rudolph Technologies has a 12-month low of $18.85 and a 12-month high of $28.10. The stock has a market capitalization of $814.94, a price-to-earnings ratio of 25.80, a P/E/G ratio of 1.82 and a beta of 1.08.
In other news, VP Silveira Elvino M. Da sold 10,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $26.29, for a total transaction of $262,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Rudolph Technologies during the 3rd quarter worth about $139,000. State of Alaska Department of Revenue raised its position in shares of Rudolph Technologies by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,210 shares of the scientific and technical instruments company’s stock worth $141,000 after purchasing an additional 2,760 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Rudolph Technologies by 533.0% during the 2nd quarter. Acadian Asset Management LLC now owns 7,748 shares of the scientific and technical instruments company’s stock worth $177,000 after purchasing an additional 6,524 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Rudolph Technologies by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 9,387 shares of the scientific and technical instruments company’s stock worth $214,000 after purchasing an additional 1,408 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Rudolph Technologies by 29.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,433 shares of the scientific and technical instruments company’s stock worth $216,000 after purchasing an additional 2,170 shares during the last quarter. 92.31% of the stock is currently owned by institutional investors and hedge funds.
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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