Brokerages Anticipate Rudolph Technologies Inc (NYSE:RTEC) to Post $0.32 Earnings Per Share

Equities analysts predict that Rudolph Technologies Inc (NYSE:RTEC) will report earnings per share of $0.32 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Rudolph Technologies’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.28. Rudolph Technologies reported earnings of $0.26 per share during the same quarter last year, which would suggest a positive year over year growth rate of 23.1%. The business is expected to report its next quarterly earnings report on Thursday, November 7th.

On average, analysts expect that Rudolph Technologies will report full-year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.11 to $1.34. For the next fiscal year, analysts anticipate that the business will post earnings of $1.69 per share, with EPS estimates ranging from $1.55 to $1.84. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Rudolph Technologies.

Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.07. The firm had revenue of $61.51 million during the quarter, compared to analysts’ expectations of $62.56 million. Rudolph Technologies had a net margin of 11.55% and a return on equity of 8.44%. The company’s revenue for the quarter was down 20.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share.

A number of analysts have commented on RTEC shares. ValuEngine cut shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Dougherty & Co lowered shares of Rudolph Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $32.25.

Several institutional investors and hedge funds have recently modified their holdings of the company. First Mercantile Trust Co. raised its position in shares of Rudolph Technologies by 16.5% in the first quarter. First Mercantile Trust Co. now owns 2,820 shares of the scientific and technical instruments company’s stock valued at $64,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System raised its position in shares of Rudolph Technologies by 0.9% in the second quarter. Arizona State Retirement System now owns 48,128 shares of the scientific and technical instruments company’s stock valued at $1,330,000 after purchasing an additional 450 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Rudolph Technologies by 6.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,065 shares of the scientific and technical instruments company’s stock valued at $321,000 after purchasing an additional 890 shares during the period. Advisor Group Inc. raised its position in shares of Rudolph Technologies by 17.9% in the second quarter. Advisor Group Inc. now owns 6,128 shares of the scientific and technical instruments company’s stock valued at $170,000 after purchasing an additional 930 shares during the period. Finally, Quadrant Capital Group LLC increased its position in Rudolph Technologies by 529.3% during the first quarter. Quadrant Capital Group LLC now owns 1,183 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 995 shares during the period. 93.84% of the stock is currently owned by institutional investors.

RTEC stock traded down $0.83 during trading hours on Monday, reaching $23.49. The stock had a trading volume of 195,202 shares, compared to its average volume of 222,773. The company has a market capitalization of $761.09 million, a PE ratio of 16.54, a PEG ratio of 2.32 and a beta of 0.99. The company has a quick ratio of 5.70, a current ratio of 8.07 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average is $26.98. Rudolph Technologies has a fifty-two week low of $18.13 and a fifty-two week high of $29.57.

Rudolph Technologies Company Profile

Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and process control software systems used by microelectronic device manufacturers. It offers process and yield management solutions used in bare silicon wafer production and processing facilities, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements.

See Also: Book Value Per Share – BVPS

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Earnings History and Estimates for Rudolph Technologies (NYSE:RTEC)

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