$0.40 Earnings Per Share Expected for Rudolph Technologies Inc (RTEC) This Quarter

Brokerages expect that Rudolph Technologies Inc (NYSE:RTEC) will report $0.40 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Rudolph Technologies’ earnings. The lowest EPS estimate is $0.38 and the highest is $0.42. Rudolph Technologies reported earnings per share of $0.26 in the same quarter last year, which would suggest a positive year-over-year growth rate of 53.8%. The firm is expected to announce its next earnings report on Monday, May 7th.

On average, analysts expect that Rudolph Technologies will report full-year earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.70. For the next year, analysts forecast that the firm will report earnings of $1.86 per share, with EPS estimates ranging from $1.80 to $1.91. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Rudolph Technologies.

Rudolph Technologies (NYSE:RTEC) last posted its earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. The business had revenue of $60.08 million for the quarter, compared to analyst estimates of $60.79 million. Rudolph Technologies had a net margin of 12.90% and a return on equity of 11.08%. Rudolph Technologies’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 EPS.

A number of analysts recently weighed in on RTEC shares. BidaskClub lowered shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research lowered shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. B. Riley increased their price target on shares of Rudolph Technologies from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Credit Suisse Group increased their price target on shares of Rudolph Technologies from $23.00 to $24.00 and gave the stock an “underperform” rating in a report on Tuesday, October 31st. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 price target on shares of Rudolph Technologies in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $29.67.

In related news, VP Robert Alan Koch sold 3,500 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $26.31, for a total transaction of $92,085.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel H. Berry sold 6,000 shares of the stock in a transaction 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 transaction, the director now directly owns 24,200 shares in the company, valued at approximately $632,346. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in RTEC. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Rudolph Technologies during the 3rd quarter valued at $139,000. LS Investment Advisors LLC grew its holdings in shares of Rudolph Technologies by 68.4% during the 4th quarter. LS Investment Advisors LLC now owns 8,596 shares of the scientific and technical instruments company’s stock valued at $205,000 after purchasing an additional 3,492 shares during the last quarter. Exane Derivatives bought a new position in shares of Rudolph Technologies during the 4th quarter valued at $237,000. Teacher Retirement System of Texas bought a new position in shares of Rudolph Technologies during the 4th quarter valued at $251,000. Finally, Capital Fund Management S.A. bought a new position in shares of Rudolph Technologies during the 4th quarter valued at $258,000. 92.20% of the stock is currently owned by institutional investors.

Shares of Rudolph Technologies (RTEC) opened at $24.40 on Friday. The firm has a market cap of $770.72, a P/E ratio of 23.92, a P/E/G ratio of 1.66 and a beta of 1.13. Rudolph Technologies has a twelve month low of $21.00 and a twelve month high of $28.50.

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About Rudolph Technologies

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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