Ichor (NASDAQ:ICHR) Releases Q4 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 0.210-0.330 for the period, compared to the consensus earnings per share estimate of 0.210. The company issued revenue guidance of $220.0 million-$235.0 million, compared to the consensus revenue estimate of $216.2 million. Ichor also updated its Q4 guidance to $0.21-0.33 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ICHR. Needham & Company LLC decreased their target price on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. B. Riley reaffirmed a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday. Oppenheimer assumed coverage on shares of Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price for the company. Finally, TD Cowen raised their price target on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Stock Up 14.9 %

Shares of Ichor stock traded up $4.05 on Tuesday, hitting $31.19. The company had a trading volume of 189,397 shares, compared to its average volume of 304,773. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The stock has a 50-day moving average of $28.88 and a 200-day moving average of $33.79. The firm has a market capitalization of $1.05 billion, a P/E ratio of -33.48 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The firm had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. The business’s revenue was up 7.3% on a year-over-year basis. Research analysts predict that Ichor will post -0.17 earnings per share for the current year.

About Ichor

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.