Ichor (NASDAQ:ICHR – Get Free Report) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.05-0.15 for the period, compared to the consensus earnings per share estimate of $0.11. The company issued revenue guidance of $195-210 million, compared to the consensus revenue estimate of $202.99 million. Ichor also updated its Q3 2024 guidance to 0.050-0.150 EPS.
Ichor Stock Performance
Shares of Ichor stock traded up $0.93 during midday trading on Wednesday, hitting $28.99. The company had a trading volume of 489,333 shares, compared to its average volume of 319,836. The stock has a market cap of $970.44 million, a price-to-earnings ratio of -16.38 and a beta of 1.94. The company has a quick ratio of 1.78, a current ratio of 4.16 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $37.11 and a 200 day simple moving average of $38.61. Ichor has a 12-month low of $22.26 and a 12-month high of $46.43.
Ichor (NASDAQ:ICHR – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $201.38 million for the quarter, compared to analysts’ expectations of $200.00 million. Ichor had a negative return on equity of 2.93% and a negative net margin of 6.61%. As a group, analysts predict that Ichor will post -0.2 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Ichor
Insiders Place Their Bets
In other Ichor news, CEO Jeff Andreson sold 21,400 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $38.74, for a total value of $829,036.00. Following the sale, the chief executive officer now owns 282,141 shares of the company’s stock, valued at $10,930,142.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.
Ichor Company Profile
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.
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