Analysts See $-0.08 EPS for Veeco Instruments Inc. (VECO), Teekay (TK) Sellers Increased By 22.57% Their Shorts

July 17, 2017 - By Marie Mckinney

Analysts expect Veeco Instruments Inc. (NASDAQ:VECO) to report $-0.08 EPS on August, 3 after the close.They anticipate $0.21 EPS change or 72.41% from last quarter’s $-0.29 EPS. After having $-0.01 EPS previously, Veeco Instruments Inc.’s analysts see 700.00% EPS growth. The stock increased 0.16% or $0.05 during the last trading session, reaching $31.05. About 338,337 shares traded. Veeco Instruments Inc. (NASDAQ:VECO) has risen 94.55% since July 18, 2016 and is uptrending. It has outperformed by 77.85% the S&P500.

Teekay Corporation (NYSE:TK) had an increase of 22.57% in short interest. TK’s SI was 13.29M shares in July as released by FINRA. Its up 22.57% from 10.84M shares previously. With 2.37 million avg volume, 6 days are for Teekay Corporation (NYSE:TK)’s short sellers to cover TK’s short positions. The SI to Teekay Corporation’s float is 24.88%. The stock increased 4.09% or $0.29 during the last trading session, reaching $7.38. About 1.81 million shares traded. Teekay Corporation (NYSE:TK) has declined 28.54% since July 17, 2016 and is downtrending. It has underperformed by 45.24% the S&P500.

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 has market cap of $1.28 billion. The Company’s geographical divisions include the United States; China; Europe, Middle East and Africa , and Rest of World (ROW). It currently has negative earnings. 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.

Since May 8, 2017, it had 0 insider buys, and 3 insider sales for $689,717 activity. $267,236 worth of Veeco Instruments Inc. (NASDAQ:VECO) was sold by Miller William John. 8,836 shares valued at $286,640 were sold by KIERNAN JOHN P on Monday, May 8. Another trade for 4,257 shares valued at $135,841 was made by SIMONE PETER J on Tuesday, May 30.

Investors sentiment decreased to 1.05 in Q4 2016. Its down 1.30, from 2.35 in 2016Q3. It dived, as 11 investors sold Veeco Instruments Inc. shares while 49 reduced holdings. 24 funds opened positions while 39 raised stakes. 37.01 million shares or 0.46% more from 36.84 million shares in 2016Q3 were reported. 203,703 are owned by Ameriprise Financial. Deutsche Retail Bank Ag stated it has 37,357 shares. Citadel Advsrs Ltd Liability Company reported 716,425 shares. Louisiana State Employees Retirement reported 16,300 shares stake. Texas Permanent School Fund has invested 0.01% in Veeco Instruments Inc. (NASDAQ:VECO). Eagle Asset Mngmt, Florida-based fund reported 2.48M shares. Peak6 Invests Limited Partnership reported 3,241 shares stake. Platinum Invest Mngmt Ltd holds 0.02% or 25,000 shares. Proshare Limited Liability Com reported 0% in Veeco Instruments Inc. (NASDAQ:VECO). Parkside Finance Bancorp reported 26 shares stake. Bessemer Group Inc holds 0% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO) for 136 shares. Susquehanna Int Gp Ltd Liability Partnership holds 0% or 41,035 shares. Glenmede Communications Na invested in 0% or 50 shares. Alpha Windward Limited Liability Corporation holds 18,000 shares. Blackrock Grp Inc Ltd has invested 0.02% of its portfolio in Veeco Instruments Inc. (NASDAQ:VECO).

Among 11 analysts covering Veeco Instruments (NASDAQ:VECO), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Veeco Instruments had 21 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Pacific Crest given on Friday, May 13. The rating was maintained by Benchmark on Monday, September 12 with “Buy”. As per Friday, February 10, the company rating was upgraded by Bank of America. The firm earned “Buy” rating on Tuesday, June 13 by J.P. Morgan. The stock of Veeco Instruments Inc. (NASDAQ:VECO) has “Buy” rating given on Tuesday, August 2 by Deutsche Bank. The firm has “Hold” rating given on Friday, December 11 by Summit Research. The stock has “Neutral” rating by JP Morgan on Thursday, October 29. The firm has “Overweight” rating by JP Morgan given on Tuesday, June 13. As per Thursday, October 6, the company rating was maintained by UBS. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Thursday, October 6.

Among 6 analysts covering Teekay Corporation (NYSE:TK), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Teekay Corporation had 12 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Friday, June 16. The rating was maintained by Jefferies on Wednesday, July 27 with “Hold”. The stock of Teekay Corporation (NYSE:TK) has “Hold” rating given on Monday, June 26 by Jefferies. Morgan Stanley maintained Teekay Corporation (NYSE:TK) rating on Tuesday, May 31. Morgan Stanley has “Equal-Weight” rating and $8 target.

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