Ichor (NASDAQ:ICHR) Issues Q4 Earnings Guidance

Ichor (NASDAQ:ICHR) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.21-0.33 for the period, compared to the consensus earnings per share estimate of $0.21. The company issued revenue guidance of $220-235 million, compared to the consensus revenue estimate of $216.19 million. Ichor also updated its Q4 2024 guidance to 0.210-0.330 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ICHR. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. B. Riley restated a “buy” rating and issued a $38.00 price target (up previously from $36.00) on shares of Ichor in a research report on Tuesday. DA Davidson initiated coverage on Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective on the stock. Oppenheimer assumed coverage on shares of Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price for the company. Finally, Needham & Company LLC cut their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Trading Up 2.3 %

Shares of Ichor stock traded up $0.74 on Wednesday, hitting $32.24. 74,726 shares of the company traded hands, compared to its average volume of 304,984. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The company has a market cap of $1.09 billion, a PE ratio of -33.87 and a beta of 1.91. The stock’s 50 day moving average price is $28.90 and its 200-day moving average price is $33.76. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18.

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