Equities research analysts expect that Rudolph Technologies Inc (NYSE:RTEC) will post earnings per share (EPS) of $0.35 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Rudolph Technologies’ earnings, with estimates ranging from $0.34 to $0.35. Rudolph Technologies reported earnings of $0.33 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The business is scheduled to announce its next earnings results on Monday, October 29th.
According to Zacks, analysts expect that Rudolph Technologies will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.80 to $1.86. For the next financial year, analysts expect that the firm will report earnings of $2.05 per share, with EPS estimates ranging from $1.90 to $2.19. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Rudolph Technologies.
Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings data on Thursday, August 2nd. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The firm had revenue of $77.48 million during the quarter, compared to analysts’ expectations of $77.80 million. Rudolph Technologies had a net margin of 16.71% and a return on equity of 14.01%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share.
Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, May 9th. Finally, Sidoti cut shares of Rudolph Technologies from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Monday, June 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Rudolph Technologies presently has a consensus rating of “Hold” and an average price target of $32.50.
In other news, VP Richard B. Rogoff sold 3,768 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $27.70, for a total value of $104,373.60. Following the sale, the vice president now owns 32,688 shares of the company’s stock, valued at $905,457.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in RTEC. Macquarie Group Ltd. raised its position in 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 acquiring an additional 2,000 shares in the last quarter. Envestnet Asset Management Inc. raised its position in 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 acquiring an additional 3,594 shares in the last quarter. Meeder Asset Management Inc. raised its position in 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 acquiring an additional 4,038 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Rudolph Technologies during the second quarter worth $219,000. Finally, Sei Investments Co. raised its position in 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 acquiring an additional 6,049 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.
NYSE RTEC traded up $0.15 during trading on Wednesday, reaching $27.25. 560,075 shares of the stock traded hands, compared to its average volume of 215,140. The stock has a market cap of $886.84 million, a P/E ratio of 26.20, a P/E/G ratio of 1.70 and a beta of 0.85. Rudolph Technologies has a fifty-two week low of $21.90 and a fifty-two week high of $34.55.
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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