Rudolph Technologies, Inc. (RTEC) Issues Q3 Earnings Guidance
Rudolph Technologies, Inc. (NYSE:RTEC) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.28-0.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.31. The company issued revenue guidance of $64-68 million, compared to the consensus revenue estimate of $65.63 million.
A number of brokerages have issued reports on RTEC. B. Riley restated a buy rating and set a $30.00 target price on shares of Rudolph Technologies in a research report on Thursday. BidaskClub upgraded shares of Rudolph Technologies from a sell rating to a hold rating in a research report on Wednesday, July 12th. Credit Suisse Group cut shares of Rudolph Technologies from a neutral rating to an underperform rating and set a $23.00 target price for the company. in a research report on Tuesday, May 2nd. Stifel Nicolaus lifted their target price on shares of Rudolph Technologies from $19.00 to $24.00 and gave the stock a hold rating in a research report on Tuesday, May 2nd. Finally, Dougherty & Co upgraded shares of Rudolph Technologies from a neutral rating to a buy rating and set a $27.00 target price for the company in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $27.20.
Shares of Rudolph Technologies, Inc. (NYSE:RTEC) traded down 0.23% during trading on Friday, reaching $21.60. 98,443 shares of the company’s stock were exchanged. Rudolph Technologies, Inc. has a 52 week low of $16.80 and a 52 week high of $27.30. The firm has a market capitalization of $680.40 million, a PE ratio of 21.80 and a beta of 1.08. The company’s 50-day moving average price is $24.37 and its 200 day moving average price is $23.31.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.50%. The company had revenue of $67.40 million during the quarter, compared to analyst estimates of $65.60 million. During the same quarter last year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts predict that Rudolph Technologies, Inc. will post $1.17 EPS for the current fiscal year.
In other Rudolph Technologies news, VP Robert Alan Koch sold 4,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $24.55, for a total transaction of $98,200.00. Following the completion of the sale, the vice president now directly owns 74,755 shares of the company’s stock, valued at $1,835,235.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Silveira Elvino M. Da sold 3,439 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $24.71, for a total transaction of $84,977.69. Following the sale, the vice president now directly owns 43,065 shares of the company’s stock, valued at $1,064,136.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,439 shares of company stock valued at $1,108,278. Insiders own 2.00% of the company’s stock.
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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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