Veeco Instruments (NASDAQ:VECO – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Veeco Instruments has set its Q1 guidance at $0.36-0.46 EPS and its Q1 2024 guidance at 0.360-0.460 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
Veeco Instruments (NASDAQ:VECO – Get Free Report) last announced its earnings results on Wednesday, February 14th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.09. Veeco Instruments had a negative net margin of 4.56% and a positive return on equity of 11.10%. The company had revenue of $173.92 million during the quarter, compared to the consensus estimate of $170.00 million. On average, analysts expect Veeco Instruments to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Veeco Instruments Trading Up 1.9 %
Shares of NASDAQ:VECO opened at $36.37 on Friday. The business’s 50-day moving average is $35.17 and its 200 day moving average is $31.63. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.24 and a quick ratio of 2.15. Veeco Instruments has a 1 year low of $17.70 and a 1 year high of $37.75. The firm has a market capitalization of $2.05 billion, a P/E ratio of -55.95 and a beta of 1.18.
Insider Buying and Selling
Analyst Upgrades and Downgrades
A number of brokerages have commented on VECO. Citigroup lifted their price target on Veeco Instruments from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Barclays lifted their target price on Veeco Instruments from $28.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. Benchmark increased their price target on shares of Veeco Instruments from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, The Goldman Sachs Group boosted their target price on shares of Veeco Instruments from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Veeco Instruments currently has an average rating of “Moderate Buy” and an average target price of $36.57.
Check Out Our Latest Stock Analysis on VECO
About Veeco Instruments
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.
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