Veeco Instruments (VECO) to Release Earnings on Monday
Veeco Instruments (NASDAQ:VECO) will be releasing its Q114 earnings data on Monday, May 5th. Analysts expect Veeco Instruments to post earnings of ($0.16) per share and revenue of $89.38 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Veeco Instruments (NASDAQ:VECO) last released its earnings data on Wednesday, February 19th. The company reported ($0.42) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.33) by $0.09. The company had revenue of $73.20 million for the quarter, compared to the consensus estimate of $69.81 million. On average, analysts expect Veeco Instruments to post $-0.10 EPS for the current fiscal year and $1.30 EPS for the next fiscal year.
Shares of Veeco Instruments (NASDAQ:VECO) opened at 36.78 on Friday. Veeco Instruments has a 1-year low of $28.23 and a 1-year high of $44.39. The stock’s 50-day moving average is $40.70 and its 200-day moving average is $36.04. The company’s market cap is $1.466 billion.
Several analysts have recently commented on the stock. Analysts at Berenberg Bank upgraded shares of Veeco Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. They now have a $46.00 price target on the stock, up previously from $30.00. On the ratings front, analysts at Credit Agricole upgraded shares of Veeco Instruments from an “outperform” rating to a “buy” rating in a research note on Friday, March 28th. They now have a $48.00 price target on the stock. Finally, analysts at UBS AG upgraded shares of Veeco Instruments from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. They now have a $53.00 price target on the stock, up previously from $35.00. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.64.
Veeco Instruments Inc (NASDAQ:VECO) designs, manufactures and markets equipment to make light emitting diodes (LEDs), hard-disk drives, as well as for emerging applications such as concentrator photovoltaics, power semiconductors, wireless components, microelectromechanical systems (MEMS), and other next-generation devices.
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