Ultra Clean Holdings Inc (NASDAQ:UCTT) Expected to Announce Quarterly Sales of $258.12 Million

Brokerages expect Ultra Clean Holdings Inc (NASDAQ:UCTT) to announce $258.12 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Ultra Clean’s earnings. The lowest sales estimate is $255.00 million and the highest is $262.14 million. Ultra Clean reported sales of $234.08 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The firm is scheduled to announce its next earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Ultra Clean will report full-year sales of $1.04 billion for the current financial year, with estimates ranging from $1.02 billion to $1.05 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.13 billion, with estimates ranging from $1.06 billion to $1.24 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Ultra Clean.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $265.40 million during the quarter, compared to analyst estimates of $255.42 million. Ultra Clean had a net margin of 1.20% and a return on equity of 11.20%. Ultra Clean’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS.

Several analysts have recently weighed in on UCTT shares. Dougherty & Co reiterated a “buy” rating and issued a $18.50 price objective (up previously from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. Zacks Investment Research lowered shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. BidaskClub upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. ValuEngine upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Cowen reiterated an “outperform” rating and issued a $20.00 price objective (up previously from $16.00) on shares of Ultra Clean in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $17.13.

In other Ultra Clean news, Director Clarence L. Granger purchased 22,000 shares of Ultra Clean stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $14.11 per share, with a total value of $310,420.00. Following the transaction, the director now owns 127,098 shares in the company, valued at approximately $1,793,352.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sheri Savage sold 8,670 shares of Ultra Clean stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $14.15, for a total transaction of $122,680.50. Following the completion of the sale, the chief financial officer now directly owns 155,236 shares of the company’s stock, valued at approximately $2,196,589.40. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC acquired a new stake in shares of Ultra Clean in the fourth quarter valued at approximately $123,000. Bank of New York Mellon Corp increased its stake in shares of Ultra Clean by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 559,545 shares of the semiconductor company’s stock valued at $4,739,000 after purchasing an additional 51,592 shares during the period. Geode Capital Management LLC increased its stake in shares of Ultra Clean by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 418,104 shares of the semiconductor company’s stock valued at $3,541,000 after purchasing an additional 7,133 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Ultra Clean by 273.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,360 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 9,050 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Ultra Clean in the fourth quarter valued at approximately $107,000. 90.60% of the stock is owned by institutional investors and hedge funds.

NASDAQ:UCTT opened at $14.23 on Friday. The company has a fifty day moving average of $13.88. The company has a market cap of $588.84 million, a price-to-earnings ratio of 8.57, a P/E/G ratio of 1.27 and a beta of 1.07. The company has a quick ratio of 1.88, a current ratio of 3.03 and a debt-to-equity ratio of 0.78. Ultra Clean has a twelve month low of $6.94 and a twelve month high of $15.94.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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