Analysts Anticipate Rudolph Technologies Inc (RTEC) to Post $0.40 EPS

Wall Street analysts forecast that Rudolph Technologies Inc (NYSE:RTEC) will announce earnings per share of $0.40 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Rudolph Technologies’ earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.38. Rudolph Technologies posted earnings per share of $0.26 during the same quarter last year, which indicates a positive year over year growth rate of 53.8%. The business is expected to announce its next quarterly earnings results on Monday, May 7th.

On average, analysts expect that Rudolph Technologies will report full year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.70. For the next fiscal year, analysts expect that the company will report earnings of $1.86 per share, with EPS estimates ranging from $1.80 to $1.91. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Rudolph Technologies.

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

RTEC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, February 9th. B. Riley boosted their target price on Rudolph Technologies from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. DA Davidson restated a “buy” rating and issued a $33.00 target price on shares of Rudolph Technologies in a research note on Wednesday, January 17th. Sidoti initiated coverage on Rudolph Technologies in a research note on Friday, March 16th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus boosted their target price on Rudolph Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $29.67.

Shares of NYSE RTEC opened at $28.15 on Tuesday. Rudolph Technologies has a twelve month low of $21.00 and a twelve month high of $30.85. The company has a market capitalization of $900.83, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.94 and a beta of 1.02.

In related news, VP Steven D. Gardner sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $25.21, for a total value of $151,260.00. Following the transaction, the vice president now 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 company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $26.01, for a total value of $468,180.00. Following the completion of the transaction, the insider now owns 74,073 shares in the company, valued at approximately $1,926,638.73. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Kalos Management Inc. purchased a new stake in shares of Rudolph Technologies during the third quarter worth $330,000. Schwab Charles Investment Management Inc. lifted its position in shares of Rudolph Technologies by 4.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 189,535 shares of the scientific and technical instruments company’s stock worth $4,985,000 after acquiring an additional 7,712 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Rudolph Technologies by 7.5% during the third quarter. Wells Fargo & Company MN now owns 146,332 shares of the scientific and technical instruments company’s stock worth $3,848,000 after acquiring an additional 10,158 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Rudolph Technologies during the third quarter worth $578,000. Finally, Thomson Horstmann & Bryant Inc. lifted its position in shares of Rudolph Technologies by 103.5% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 327,100 shares of the scientific and technical instruments company’s stock worth $7,817,000 after acquiring an additional 166,337 shares in the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.

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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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