Veeco Instruments (VECO) to Release Quarterly Earnings on Wednesday

Veeco Instruments (NASDAQ:VECO - Get Free Report) is expected to issue its Q1 2025 quarterly 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 - Get Free Report) last released its earnings results on Wednesday, February 12th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 NASDAQ VECO opened at $18.78 on Wednesday. The stock has a fifty day simple moving average of $20.30 and a two-hundred day simple moving average of $24.95. Veeco Instruments has a 1-year low of $16.92 and a 1-year high of $49.25. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 15.15 and a beta of 1.12. The company has a current ratio of 3.98, a quick ratio of 2.69 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VECO. Oppenheimer reissued an "outperform" rating and set a $35.00 price objective (down from $40.00) on shares of Veeco Instruments in a report on Friday, February 7th. Needham & Company LLC reduced their price objective on Veeco Instruments from $35.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Barclays reduced their price objective on Veeco Instruments from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. StockNews.com raised Veeco Instruments from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Citigroup reduced their price objective on Veeco Instruments from $33.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Insiders Place Their Bets

In other news, CFO John P. Kiernan sold 2,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $24.51, for a total transaction of $61,275.00. Following the transaction, the chief financial officer now owns 72,642 shares of the company's stock, valued at approximately $1,780,455.42. The trade was a 3.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company's stock.

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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