Ichor (NASDAQ:ICHR) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Ichor (NASDAQ:ICHR) issued its quarterly earnings data on Monday. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01, Briefing.com reports. The business had revenue of $211.14 million during the quarter, compared to analyst estimates 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 company posted ($0.09) EPS. Ichor updated its Q4 guidance to $0.21-0.33 EPS and its Q4 2024 guidance to 0.210-0.330 EPS.

Ichor Trading Up 15.3 %

Ichor stock opened at $31.28 on Tuesday. The company has a 50 day moving average price of $28.88 and a 200 day moving average price of $33.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -22.43 and a beta of 1.91.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ICHR. Oppenheimer initiated coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target on the stock. Needham & Company LLC dropped their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen upped their price objective on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. Finally, DA Davidson began coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 target price for the company. Two research 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

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.