Brokerages Anticipate Rudolph Technologies Inc (RTEC) Will Post Quarterly Sales of $59.27 Million

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Analysts predict that Rudolph Technologies Inc (NYSE:RTEC) will announce $59.27 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Rudolph Technologies’ earnings, with the lowest sales estimate coming in at $59.00 million and the highest estimate coming in at $59.50 million. Rudolph Technologies reported sales of $73.10 million during the same quarter last year, which would suggest a negative year over year growth rate of 18.9%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, May 6th.

According to Zacks, analysts expect that Rudolph Technologies will report full year sales of $259.37 million for the current financial year, with estimates ranging from $255.00 million to $265.00 million. For the next fiscal year, analysts expect that the firm will post sales of $296.15 million, with estimates ranging from $285.00 million to $307.30 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Rudolph Technologies.

Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Monday, February 4th. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The business had revenue of $62.78 million during the quarter, compared to analysts’ expectations of $64.40 million. Rudolph Technologies had a return on equity of 12.70% and a net margin of 16.47%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS.

Several research analysts have recently issued reports on the company. ValuEngine cut Rudolph Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Zacks Investment Research cut Rudolph Technologies from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.75.

Shares of NYSE:RTEC traded up $0.31 on Monday, hitting $24.46. 194,638 shares of the company’s stock were exchanged, compared to its average volume of 164,331. The stock has a market cap of $756.65 million, a P/E ratio of 17.23, a P/E/G ratio of 2.10 and a beta of 0.92. Rudolph Technologies has a 1-year low of $18.13 and a 1-year high of $34.55.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaOne Investment Services LLC acquired a new stake in shares of Rudolph Technologies in the 4th quarter valued at about $34,000. First Mercantile Trust Co. acquired a new stake in shares of Rudolph Technologies in the 4th quarter valued at about $50,000. Quantamental Technologies LLC acquired a new stake in shares of Rudolph Technologies in the 4th quarter valued at about $83,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Rudolph Technologies by 359.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,969 shares of the scientific and technical instruments company’s stock valued at $204,000 after purchasing an additional 7,797 shares during the period. Finally, Tibra Equities Europe Ltd acquired a new stake in shares of Rudolph Technologies in the 4th quarter valued at about $215,000. 93.84% of the stock is owned by hedge funds and other institutional investors.

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.

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