Ichor (NASDAQ:ICHR) Issues Q4 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of -0.210 for the period, compared to the consensus estimate of 0.270. The company issued revenue guidance of $233.0 million-$233.0 million, compared to the consensus revenue estimate of $227.1 million. Ichor also updated its Q1 2025 guidance to EPS.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ICHR shares. DA Davidson started coverage on shares of Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price for the company. Oppenheimer began coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price objective for the company. TD Cowen raised their target price on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Needham & Company LLC lowered shares of Ichor from a “buy” rating to a “hold” rating in a research note on Monday. Finally, B. Riley reiterated a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.57.

Ichor Trading Down 3.4 %

ICHR stock traded down $1.08 during midday trading on Monday, hitting $30.92. The stock had a trading volume of 54,328 shares, compared to its average volume of 151,520. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average price of $32.26 and a two-hundred day moving average price of $31.86. Ichor has a 1-year low of $26.40 and a 1-year high of $46.43. The firm has a market cap of $1.04 billion, a P/E ratio of -33.25 and a beta of 1.92.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) EPS. On average, sell-side analysts predict that Ichor will post -0.1 earnings per share for the current fiscal 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.