Equities analysts predict that Rudolph Technologies, Inc. (NYSE:RTEC) will report sales of $66.05 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Rudolph Technologies’ earnings. The lowest sales estimate is $66.00 million and the highest is $66.10 million. Rudolph Technologies reported sales of $61.64 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.2%. The company is scheduled to report its next earnings report on Monday, November 6th.

According to Zacks, analysts expect that Rudolph Technologies will report full year sales of $66.05 million for the current fiscal year, with estimates ranging from $254.10 million to $258.70 million. For the next fiscal year, analysts forecast that the company will report sales of $280.07 million per share, with estimates ranging from $275.00 million to $285.20 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Rudolph Technologies.

Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $67.40 million during the quarter, compared to the consensus estimate of $65.60 million. Rudolph Technologies had a return on equity of 10.36% and a net margin of 13.02%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share.

A number of brokerages have issued reports on RTEC. BidaskClub raised Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. B. Riley reissued a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a research note on Sunday, May 7th. Zacks Investment Research downgraded Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus raised Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday, June 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.20.

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue grew its stake in Rudolph Technologies by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 6,210 shares of the scientific and technical instruments company’s stock valued at $141,000 after purchasing an additional 2,760 shares in the last quarter. Mason Street Advisors LLC grew its stake in Rudolph Technologies by 7.8% in the first quarter. Mason Street Advisors LLC now owns 7,305 shares of the scientific and technical instruments company’s stock valued at $164,000 after purchasing an additional 527 shares in the last quarter. Acadian Asset Management LLC grew its stake in Rudolph Technologies by 533.0% in the second quarter. Acadian Asset Management LLC now owns 7,748 shares of the scientific and technical instruments company’s stock valued at $177,000 after purchasing an additional 6,524 shares in the last quarter. Victory Capital Management Inc. grew its stake in Rudolph Technologies by 45.6% in the first quarter. Victory Capital Management Inc. now owns 7,979 shares of the scientific and technical instruments company’s stock valued at $179,000 after purchasing an additional 2,499 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Rudolph Technologies in the first quarter valued at about $207,000. Hedge funds and other institutional investors own 91.89% of the company’s stock.

Rudolph Technologies (NYSE RTEC) traded up 0.68% during midday trading on Friday, hitting $22.35. The stock had a trading volume of 154,422 shares. The stock has a 50-day moving average price of $23.08 and a 200 day moving average price of $23.17. The firm has a market cap of $704.92 million, a PE ratio of 22.58 and a beta of 1.13. Rudolph Technologies has a one year low of $16.80 and a one year high of $27.30.

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Rudolph Technologies Company Profile

Rudolph Technologies, Inc (Rudolph) is engaged in the design, development, manufacture and support of process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used by microelectronics device manufacturers. The Company provides process and yield management solutions used in both wafer processing and final manufacturing through a family of standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.

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