Veeco Instruments (VECO) Scheduled to Post Earnings on Thursday

Veeco Instruments (NASDAQ:VECO) will release its earnings data before the market opens on Thursday, November 1st. Analysts expect Veeco Instruments to post earnings of ($0.02) per share for the quarter.

Veeco Instruments (NASDAQ:VECO) last released its earnings results on Thursday, August 2nd. The semiconductor company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Veeco Instruments had a positive return on equity of 1.26% and a negative net margin of 47.49%. The company had revenue of $157.78 million during the quarter, compared to the consensus estimate of $160.35 million. During the same quarter last year, the company earned $0.15 earnings per share. Veeco Instruments’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, analysts expect Veeco Instruments to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of VECO stock opened at $9.31 on Wednesday. Veeco Instruments has a fifty-two week low of $8.24 and a fifty-two week high of $20.55. The firm has a market capitalization of $418.63 million, a PE ratio of -465.50 and a beta of 0.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.94 and a quick ratio of 2.20.

In other news, President William John Miller purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was acquired at an average price of $11.80 per share, for a total transaction of $118,000.00. Following the completion of the transaction, the president now directly owns 115,997 shares in the company, valued at approximately $1,368,764.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Shubham Maheshwari purchased 8,900 shares of the company’s stock in a transaction dated Thursday, August 9th. The stock was purchased at an average price of $11.60 per share, with a total value of $103,240.00. Following the transaction, the chief financial officer now owns 88,323 shares of the company’s stock, valued at $1,024,546.80. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 33,900 shares of company stock valued at $385,990. Company insiders own 2.60% of the company’s stock.

VECO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Veeco Instruments from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, October 24th. Benchmark restated a “hold” rating on shares of Veeco Instruments in a research report on Wednesday, September 5th. Finally, BidaskClub upgraded Veeco Instruments from a “sell” rating to a “hold” rating in a research report on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $23.33.

About Veeco Instruments

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor process equipment worldwide. It offers metal organic chemical vapor deposition systems; packaging lithography equipment; precision surface processing systems; laser annealing systems; ion beam etch and deposition systems; molecular beam epitaxy systems; 3D wafer inspection systems; and atomic layer deposition and other deposition systems.

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Earnings History for Veeco Instruments (NASDAQ:VECO)

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