Brokerages expect Rudolph Technologies Inc (NYSE:RTEC) to report $69.17 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Rudolph Technologies’ earnings. The lowest sales estimate is $68.50 million and the highest is $70.00 million. Rudolph Technologies reported sales of $60.68 million during the same quarter last year, which would suggest a positive year over year growth rate of 14%. The business is expected to report its next earnings report on Monday, May 7th.
On average, analysts expect that Rudolph Technologies will report full year sales of $69.17 million for the current fiscal year, with estimates ranging from $281.70 million to $289.00 million. For the next year, analysts forecast that the firm will post sales of $307.60 million per share, with estimates ranging from $305.00 million to $310.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Rudolph Technologies.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The business 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 company’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share.
In related news, VP Steven D. Gardner sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $25.21, for a total transaction of $151,260.00. Following the completion of the sale, the vice president now directly owns 37,102 shares in the company, valued at $935,341.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven R. Roth sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $468,180.00. Following the sale, the insider now owns 74,073 shares of the company’s stock, valued at $1,926,638.73. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in RTEC. Cornerstone Capital Management Holdings LLC. acquired a new stake in Rudolph Technologies during the third quarter worth about $139,000. LS Investment Advisors LLC increased its position in shares of Rudolph Technologies by 68.4% during the fourth quarter. LS Investment Advisors LLC now owns 8,596 shares of the scientific and technical instruments company’s stock valued at $205,000 after acquiring an additional 3,492 shares during the last quarter. Exane Derivatives acquired a new stake in shares of Rudolph Technologies during the fourth quarter valued at about $237,000. Teacher Retirement System of Texas acquired a new stake in shares of Rudolph Technologies during the fourth quarter valued at about $251,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of Rudolph Technologies during the fourth quarter valued at about $258,000. Hedge funds and other institutional investors own 91.15% of the company’s stock.
Rudolph Technologies stock opened at $30.00 on Monday. The stock has a market cap of $948.24, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 2.04 and a beta of 1.08. Rudolph Technologies has a twelve month low of $21.00 and a twelve month high of $30.85.
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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