Veeco Instruments (VECO) Expected to Announce Earnings on Wednesday

Veeco Instruments (NASDAQ:VECO) is anticipated to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect Veeco Instruments to post earnings of $0.40 per share and revenue of $176.08 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $184.80 million for the quarter, compared to analyst estimates of $180.57 million. Veeco Instruments had a return on equity of 10.92% and a net margin of 11.34%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. On average, analysts expect Veeco Instruments to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Veeco Instruments Trading Up 1.2 %

NASDAQ VECO opened at $25.39 on Wednesday. The company has a current ratio of 3.54, a quick ratio of 2.41 and a debt-to-equity ratio of 0.33. Veeco Instruments has a 12 month low of $23.24 and a 12 month high of $49.25. The company has a market capitalization of $1.44 billion, a PE ratio of 18.81 and a beta of 1.13. The stock has a 50-day simple moving average of $27.19 and a 200 day simple moving average of $30.73.

Insiders Place Their Bets

In other Veeco Instruments news, CFO John P. Kiernan sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $28.67, for a total transaction of $71,675.00. Following the completion of the transaction, the chief financial officer now owns 80,142 shares of the company’s stock, valued at $2,297,671.14. This represents a 3.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

VECO has been the topic of a number of analyst reports. StockNews.com upgraded shares of Veeco Instruments from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Benchmark cut their target price on shares of Veeco Instruments from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Oppenheimer decreased their price target on shares of Veeco Instruments from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group dropped their price objective on Veeco Instruments from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Citigroup raised Veeco Instruments from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

Veeco Instruments Company Profile

Veeco Instruments Inc, together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.