$0.27 EPS Expected for Rudolph Technologies Inc (RTEC) This Quarter

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Wall Street analysts expect Rudolph Technologies Inc (NYSE:RTEC) to post $0.27 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Rudolph Technologies’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.26. Rudolph Technologies posted earnings of $0.29 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.9%. The firm is scheduled to issue its next earnings report 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 financial year, analysts expect 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 EPS averages are an average based on a survey of sell-side research firms that cover Rudolph Technologies.

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

Several research analysts recently issued reports on RTEC shares. ValuEngine cut Rudolph Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 4th. Zacks Investment Research raised Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Stifel Nicolaus dropped their price objective on Rudolph Technologies from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. Finally, B. Riley dropped their price objective on Rudolph Technologies from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Rudolph Technologies presently has an average rating of “Buy” and an average target price of $32.80.

Rudolph Technologies stock opened at $21.20 on Friday. 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 has a 12-month low of $18.13 and a 12-month high of $34.55.

Institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. lifted its holdings 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 buying an additional 2,000 shares during the period. Envestnet Asset Management Inc. lifted its holdings 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 buying an additional 3,594 shares during the period. Sei Investments Co. lifted its holdings 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 buying an additional 6,049 shares during the period. SG Americas Securities LLC purchased a new stake in Rudolph Technologies during the second quarter worth $249,000. Finally, Paloma Partners Management Co purchased a new stake in Rudolph Technologies during the third quarter worth $250,000. Institutional investors own 92.97% of the company’s stock.

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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