Ichor (NASDAQ:ICHR) Updates 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. DA Davidson started coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective for the company. Needham & Company LLC reduced their target price on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Oppenheimer assumed coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.57.

Ichor Stock Up 3.9 %

NASDAQ:ICHR traded up $1.26 on Thursday, hitting $33.78. 56,721 shares of the company’s stock were exchanged, compared to its average volume of 305,134. The firm has a 50-day moving average price of $28.94 and a 200-day moving average price of $33.75. Ichor has a 52 week low of $22.26 and a 52 week 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 company has a market cap of $1.14 billion, a P/E ratio of -34.97 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last released its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative return on equity of 2.18% and a negative net margin of 3.51%. Ichor’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) earnings per share. As a group, analysts expect that Ichor will post -0.17 EPS for the current fiscal year.

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.