FY2018 EPS Estimates for Rudolph Technologies Inc Increased by Dougherty & Co (RTEC)

Rudolph Technologies Inc (NYSE:RTEC) – Research analysts at Dougherty & Co upped their FY2018 EPS estimates for shares of Rudolph Technologies in a research report issued on Sunday. Dougherty & Co analyst R. Ryan now expects that the scientific and technical instruments company will post earnings per share of $1.45 for the year, up from their previous estimate of $1.24.

Rudolph Technologies (NYSE:RTEC) last issued its earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $60.08 million for the quarter, compared to the consensus estimate of $60.79 million. Rudolph Technologies had a net margin of 12.90% and a return on equity of 11.08%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share.

RTEC has been the subject of several other reports. BidaskClub cut shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research raised shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. Credit Suisse Group boosted their price objective on shares of Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a report on Tuesday, October 31st. B. Riley boosted their price objective on shares of Rudolph Technologies from $30.00 to $32.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, DA Davidson reissued a “buy” rating and set a $33.00 price objective on shares of Rudolph Technologies in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Rudolph Technologies presently has an average rating of “Hold” and an average price target of $29.80.

Rudolph Technologies (NYSE:RTEC) traded down $0.40 on Wednesday, hitting $25.05. 44,960 shares of the stock traded hands, compared to its average volume of 213,458. Rudolph Technologies has a 1 year low of $21.00 and a 1 year high of $28.50. The stock has a market capitalization of $784.93, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.41 and a beta of 1.13.

In other Rudolph Technologies news, Director Daniel H. Berry sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $26.13, for a total transaction of $156,780.00. Following the completion of the sale, the director now directly owns 24,200 shares of the company’s stock, valued at $632,346. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert Alan Koch sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $26.31, for a total transaction of $92,085.00. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. purchased a new stake in Rudolph Technologies during the third quarter valued at approximately $139,000. Exane Derivatives purchased a new stake in Rudolph Technologies during the fourth quarter valued at approximately $237,000. SG Americas Securities LLC increased its holdings in Rudolph Technologies by 37.4% during the third quarter. SG Americas Securities LLC now owns 10,459 shares of the scientific and technical instruments company’s stock valued at $275,000 after buying an additional 2,848 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Rudolph Technologies during the fourth quarter valued at approximately $251,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Rudolph Technologies during the third quarter valued at approximately $292,000. 92.20% of the stock is owned by institutional investors and hedge funds.

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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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