Rudolph Technologies, Inc. (RTEC) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Rudolph Technologies, Inc. (NYSE:RTEC) announced its earnings results on Monday. The scientific and technical instruments company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02, Bloomberg Earnings reports. The business had revenue of $66.90 million during the quarter, compared to the consensus estimate of $66.25 million. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. Rudolph Technologies’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. Rudolph Technologies updated its Q4 guidance to $0.22-0.28 EPS.
Shares of Rudolph Technologies (NYSE:RTEC) traded down 0.55% during mid-day trading on Monday, reaching $27.25. 131,156 shares of the company’s stock traded hands. Rudolph Technologies has a 12-month low of $16.80 and a 12-month high of $27.95. The firm has a 50-day moving average of $25.73 and a 200 day moving average of $24.22. The company has a market cap of $859.47 million, a P/E ratio of 27.50 and a beta of 1.12.
Several brokerages recently commented on RTEC. Zacks Investment Research raised shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. BidaskClub upgraded shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. B. Riley reiterated a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a research note on Thursday, September 21st. Finally, DA Davidson reiterated a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.80.
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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