Veeco Instruments (NASDAQ:VECO – Get Free Report) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.360-0.440 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of $175.0 million-$185.0 million, compared to the consensus revenue estimate of $176.0 million. Veeco Instruments also updated its FY 2024 guidance to 1.070-1.260 EPS.
Veeco Instruments Trading Up 2.0 %
VECO opened at $26.78 on Thursday. Veeco Instruments has a one year low of $25.52 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.54 and a quick ratio of 2.41. The business has a 50 day simple moving average of $27.67 and a two-hundred day simple moving average of $32.88. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 19.84 and a beta of 1.15.
Veeco Instruments (NASDAQ:VECO – Get Free Report) last announced its earnings results on Wednesday, November 6th. The semiconductor company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $184.80 million during the quarter, compared to the consensus estimate 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 for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Analysts predict that Veeco Instruments will post 1.12 EPS for the current year.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Veeco Instruments
Insider Buying and Selling
In other Veeco Instruments news, CFO John P. Kiernan sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $28.67, for a total transaction of $71,675.00. Following the completion of the sale, the chief financial officer now directly owns 80,142 shares in the company, valued at approximately $2,297,671.14. This trade represents a 3.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by company insiders.
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.
Featured Articles
- Five stocks we like better than Veeco Instruments
- 3 Healthcare Dividend Stocks to Buy
- 2 Top ETFs to Profit From the Natural Gas Price Surge
- How to Calculate Return on Investment (ROI)
- Penny Stock BranchOut Food: Why It Won’t Stay Cheap for Long
- Dividend Capture Strategy: What You Need to Know
- Bull Case for Transocean Stock: 100% Upside Could Be Within Reach
Receive News & Ratings for Veeco Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeco Instruments and related companies with MarketBeat.com's FREE daily email newsletter.