Veeco Instruments Updates Q1 2025 Earnings Guidance

Veeco Instruments (NASDAQ:VECO) announced an updated earnings guidance for the first quarter of 2025 this Wednesday. The company is projecting earnings per share (EPS) between 0.260 and 0.360, which falls short of the consensus EPS estimate of 0.390.

Additionally, Veeco Instruments has provided revenue guidance of $155.0 million to $175.0 million, slightly below the consensus revenue estimate of $174.3 million.

Wall Street Analysts Predict Future Growth

In recent reports, various brokerages have made recommendations regarding Veeco Instruments. Citigroup upgraded the stock from a "neutral" rating to a "buy" rating, setting a target price of $33.00 as noted in their research published on January 6th. Similarly, Benchmark reduced their target price from $42.00 to $38.00 but maintained a "buy" rating for the stock in a report on November 7th. The Goldman Sachs Group adjusted their price target for Veeco from $35.00 to $30.00, citing a "neutral" rating in their research on the same date.

Oppenheimer reiterated an "outperform" rating but decreased their target price from $40.00 to $35.00 on February 7th. StockNews.com also upgraded Veeco from a "sell" rating to a "hold" rating on December 6th. Presently, three analysts have issued a hold rating, while five have designated it as a buy. MarketBeat reports an average rating of "Moderate Buy" for the stock, with a target price averaging at $39.00.

Veeco Instruments Stock Performance

During midday trading on Wednesday, VECO shares fell by $0.03, bringing their price to $23.65. The trading volume was recorded at 879,483 shares, exceeding the average volume of 672,464. Over the past year, the stock has ranged from a low of $23.00 to a high of $49.25. Currently, Veeco Instruments holds a market capitalization of $1.34 billion, a price-to-earnings (P/E) ratio of 17.52, and a beta of 1.13. Furthermore, the company reports a debt-to-equity ratio of 0.33, a current ratio of 3.54, and a quick ratio of 2.41. The stock's 50-day and 200-day moving averages stand at $26.84 and $30.17 respectively.

Veeco Instruments last announced quarterly earnings on February 12th, reporting an EPS of $0.26—this was below the analysts' expectation of $0.40 by $0.14. The company achieved a return on equity of 10.92% alongside a net margin of 11.34%. Analysts predict that Veeco Instruments will achieve an EPS of 1.12 for the current fiscal year.

Insider Transactions

In other news, CFO John P. Kiernan sold 2,500 shares of the company's stock on February 10th at an average price of $24.51, resulting in a total transaction of $61,275.00. Post-transaction, the CFO owns 72,642 shares, valued at around $1,780,455.42. This sale reflects a 3.33% decrease in his ownership of Veeco's shares. The transaction details were submitted to the Securities & Exchange Commission, which can be accessed via their official website. Currently, 2.40% of the company's stock is owned by insiders.

About Veeco Instruments

Veeco Instruments Inc., along with its subsidiaries, is engaged in the development, manufacturing, sale, and support of semiconductor and thin film processing equipment, primarily used in the production of electronic devices across various regions including the United States, Europe, the Middle East, Africa, China, and the rest of the Asia-Pacific. The company's product range includes 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 several other deposition systems.

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