$66.27 Million in Sales Expected for Rudolph Technologies, Inc. (RTEC) This Quarter

Equities analysts expect that Rudolph Technologies, Inc. (NYSE:RTEC) will post sales of $66.27 million for the current quarter, Zacks reports. Three analysts have provided estimates for Rudolph Technologies’ earnings, with estimates ranging from $66.00 million to $66.70 million. Rudolph Technologies posted sales of $61.64 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The business is expected to issue its next earnings results after the market closes on Monday, October 30th.

On average, analysts expect that Rudolph Technologies will report full year sales of $66.27 million for the current financial year, with estimates ranging from $254.10 million to $259.00 million. For the next financial year, analysts forecast that the company will report sales of $279.67 million per share, with estimates ranging from $275.00 million to $284.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Rudolph Technologies.

Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. The business had revenue of $67.40 million for the quarter, compared to analysts’ expectations of $65.60 million. During the same quarter last year, the company earned $0.31 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year.

Several brokerages have recently commented on RTEC. B. Riley restated a “buy” rating and issued a $30.00 target price on shares of Rudolph Technologies in a research note on Thursday, September 21st. Stifel Nicolaus upgraded shares of 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, June 16th. They noted that the move was a valuation call. DA Davidson restated a “buy” rating and issued a $30.00 target price on shares of Rudolph Technologies in a research note on Monday, September 18th. Zacks Investment Research downgraded shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, BidaskClub upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.80.

Several institutional investors have recently added to or reduced their stakes in RTEC. Renaissance Technologies LLC raised its holdings in shares of Rudolph Technologies by 109.1% in the first quarter. Renaissance Technologies LLC now owns 611,736 shares of the scientific and technical instruments company’s stock valued at $13,703,000 after buying an additional 319,136 shares during the last quarter. Marshall Wace North America L.P. raised its holdings in shares of Rudolph Technologies by 405.7% in the second quarter. Marshall Wace North America L.P. now owns 376,190 shares of the scientific and technical instruments company’s stock valued at $8,652,000 after buying an additional 301,807 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Rudolph Technologies by 112.5% in the first quarter. AQR Capital Management LLC now owns 567,047 shares of the scientific and technical instruments company’s stock valued at $12,702,000 after buying an additional 300,169 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Rudolph Technologies by 436.1% in the second quarter. Russell Investments Group Ltd. now owns 333,406 shares of the scientific and technical instruments company’s stock valued at $7,619,000 after buying an additional 271,217 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Rudolph Technologies by 79.4% in the second quarter. Ameriprise Financial Inc. now owns 429,172 shares of the scientific and technical instruments company’s stock valued at $9,807,000 after buying an additional 189,967 shares during the last quarter. 91.89% of the stock is owned by institutional investors and hedge funds.

Rudolph Technologies (RTEC) traded down 1.14% during mid-day trading on Tuesday, hitting $26.10. 43,507 shares of the company were exchanged. Rudolph Technologies has a 12-month low of $16.80 and a 12-month high of $27.30. The company has a market cap of $823.19 million, a price-to-earnings ratio of 26.34 and a beta of 1.12. The stock’s 50 day moving average is $23.70 and its 200-day moving average is $23.66.

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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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