Analysts forecast that Veeco Instruments Inc. (NASDAQ:VECO) will announce ($0.01) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Veeco Instruments’ earnings. The lowest EPS estimate is ($0.03) and the highest is $0.00. Veeco Instruments posted earnings of ($0.26) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 96.2%. The company is expected to issue its next earnings report after the market closes on Thursday, May 4th.

On average, analysts expect that Veeco Instruments will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.28 to $0.44. For the next fiscal year, analysts expect that the company will post earnings of $0.60 per share, with EPS estimates ranging from $0.48 to $0.72. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Veeco Instruments.

Veeco Instruments (NASDAQ:VECO) last announced its earnings results on Thursday, February 16th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The company earned $93.60 million during the quarter, compared to analyst estimates of $93.41 million. Veeco Instruments had a negative net margin of 36.77% and a negative return on equity of 4.59%. Veeco Instruments’s revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share.

A number of equities analysts have weighed in on the company. Benchmark Co. restated a “buy” rating and issued a $39.00 price target on shares of Veeco Instruments in a report on Friday. Zacks Investment Research cut Veeco Instruments from a “buy” rating to a “hold” rating in a report on Thursday. Goldman Sachs Group Inc restated a “neutral” rating and issued a $24.00 price target on shares of Veeco Instruments in a report on Thursday, January 12th. Needham & Company LLC restated a “hold” rating on shares of Veeco Instruments in a report on Thursday, January 12th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $32.00 price target (up previously from $28.00) on shares of Veeco Instruments in a report on Thursday, January 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.43.

Shares of Veeco Instruments (NASDAQ:VECO) traded up 1.97% on Tuesday, reaching $31.00. 555,863 shares of the company’s stock traded hands. The stock’s market capitalization is $1.26 billion. The stock’s 50-day moving average price is $28.86 and its 200-day moving average price is $26.63. Veeco Instruments has a 52 week low of $15.53 and a 52 week high of $31.10.

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Several institutional investors have recently made changes to their positions in VECO. Elkfork Partners LLC acquired a new position in shares of Veeco Instruments during the fourth quarter worth about $104,000. Creative Planning raised its position in shares of Veeco Instruments by 3.4% in the first quarter. Creative Planning now owns 3,624 shares of the semiconductor company’s stock worth $108,000 after buying an additional 120 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Veeco Instruments by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 4,480 shares of the semiconductor company’s stock worth $133,000 after buying an additional 80 shares during the last quarter. Bank of Montreal Can raised its position in shares of Veeco Instruments by 7.6% in the first quarter. Bank of Montreal Can now owns 5,506 shares of the semiconductor company’s stock worth $165,000 after buying an additional 391 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Veeco Instruments by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,840 shares of the semiconductor company’s stock worth $174,000 after buying an additional 140 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

Veeco Instruments Company Profile

Veeco Instruments Inc is engaged in the design, development, manufacture and support of thin film process equipment, primarily sold to make electronic devices. The Company’s geographical segments include the United States; China; Europe, Middle East and Africa (EMEA), and Rest of World (ROW). The Company’s portfolio of technology solutions focus on market areas, including Lighting, Display & Power Electronics; Advanced Packaging, micro-electromechanical systems (MEMS) & radio frequency (RF); Scientific & Industrial, and Data Storage.

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