Zacks: Brokerages Anticipate Rudolph Technologies Inc (RTEC) Will Post Earnings of $0.27 Per Share

Analysts expect Rudolph Technologies Inc (NYSE:RTEC) to report earnings of $0.27 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Rudolph Technologies’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.26. Rudolph Technologies posted earnings per share of $0.29 in the same quarter last year, which indicates a negative year-over-year growth rate of 6.9%. The firm is scheduled to report its next earnings results after the market closes on Monday, February 4th.

According to Zacks, analysts expect that Rudolph Technologies will report full-year earnings of $1.55 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.57. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.61 per share, with EPS estimates ranging from $1.57 to $1.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Rudolph Technologies.

Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.26 EPS for the quarter, topping the Zacks’ 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 company had revenue of $60.43 million for the quarter, compared to analysts’ expectations of $60.74 million. During the same quarter last year, the business earned $0.33 earnings per share. Rudolph Technologies’s revenue was down 9.7% on a year-over-year basis.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Rudolph Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 5th. ValuEngine upgraded Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. B. Riley decreased their target price 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, Stifel Nicolaus decreased their target price on Rudolph Technologies from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.80.

Several hedge funds have recently made changes to their positions in RTEC. Wells Fargo & Company MN boosted its stake in shares of Rudolph Technologies by 41.3% during the second quarter. Wells Fargo & Company MN now owns 253,582 shares of the scientific and technical instruments company’s stock valued at $7,506,000 after purchasing an additional 74,076 shares in the last quarter. Sei Investments Co. boosted its stake 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 valued at $224,000 after purchasing an additional 6,049 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Rudolph Technologies by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 412,353 shares of the scientific and technical instruments company’s stock valued at $12,206,000 after purchasing an additional 9,915 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Rudolph Technologies during the second quarter valued at about $249,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Rudolph Technologies by 5.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 161,747 shares of the scientific and technical instruments company’s stock valued at $4,788,000 after purchasing an additional 8,535 shares in the last quarter. 92.97% of the stock is currently owned by hedge funds and other institutional investors.

Rudolph Technologies stock opened at $21.20 on Friday. Rudolph Technologies has a 12-month low of $18.13 and a 12-month high of $34.55. The stock has a market capitalization of $665.77 million, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.49 and a beta of 0.97.

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.

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