Veeco Instruments (VECO) Expected to Announce Earnings on Wednesday

Veeco Instruments (NASDAQ:VECO) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $166.00 million for the quarter. Veeco Instruments has set its Q1 2025 guidance at 0.260-0.360 EPS.

Veeco Instruments (NASDAQ:VECO) last issued its quarterly earnings data on Wednesday, February 12th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). Veeco Instruments had a net margin of 10.28% and a return on equity of 9.38%. 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 Price Performance

Shares of Veeco Instruments stock opened at $19.67 on Monday. The stock has a market cap of $1.14 billion, a P/E ratio of 15.86 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.69 and a current ratio of 3.98. The stock’s fifty day moving average is $20.00 and its 200 day moving average is $24.64. Veeco Instruments has a one year low of $16.92 and a one year high of $49.25.

Insider Activity at Veeco Instruments

In related news, CFO John P. Kiernan sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $24.51, for a total value of $61,275.00. Following the sale, the chief financial officer now directly owns 72,642 shares of the company’s stock, valued at $1,780,455.42. This represents a 3.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VECO has been the subject of several analyst reports. Oppenheimer reissued an “outperform” rating and issued a $35.00 target price (down from $40.00) on shares of Veeco Instruments in a report on Friday, February 7th. Barclays cut their price target on Veeco Instruments from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. StockNews.com raised Veeco Instruments from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Citigroup cut their target price on Veeco Instruments from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Finally, Benchmark lowered their price target on Veeco Instruments from $38.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.00.

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.