Veeco Instruments (NASDAQ:VECO – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Veeco Instruments to post 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 participating in the company’s earnings conference call can do so using this link.
Veeco Instruments (NASDAQ:VECO – Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. The business had revenue of $173.92 million during the quarter, compared to analyst estimates of $170.00 million. Veeco Instruments had a negative net margin of 4.56% and a positive return on equity of 11.10%. 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 Stock Up 2.0 %
Shares of Veeco Instruments stock opened at $35.85 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.24 and a quick ratio of 2.15. The business has a 50 day moving average price of $35.09 and a 200-day moving average price of $31.45. Veeco Instruments has a 52 week low of $17.70 and a 52 week high of $37.75.
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Insider Transactions at Veeco Instruments
In related news, CEO William John Miller sold 24,201 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $35.30, for a total value of $854,295.30. Following the sale, the chief executive officer now directly owns 545,091 shares of the company’s stock, valued at $19,241,712.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Veeco Instruments news, CEO William John Miller sold 24,201 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $35.30, for a total transaction of $854,295.30. Following the transaction, the chief executive officer now directly owns 545,091 shares in the company, valued at $19,241,712.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Adrian Devasahayam sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $34.10, for a total transaction of $170,500.00. Following the completion of the sale, the senior vice president now owns 67,278 shares of the company’s stock, valued at $2,294,179.80. The disclosure for this sale can be found here. 2.20% of the stock is owned by 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.
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