Ultra Clean (NASDAQ:UCTT) Updates Q4 Earnings Guidance

Ultra Clean (NASDAQ:UCTT) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.34-$0.54 for the period, compared to the consensus estimate of $0.43. The company issued revenue guidance of $535-$585 million, compared to the consensus revenue estimate of $531.01 million.

Wall Street Analyst Weigh In

UCTT has been the topic of a number of research analyst reports. Oppenheimer assumed coverage on Ultra Clean in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 target price on the stock. TD Cowen lifted their target price on shares of Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Craig Hallum raised their price objective on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $56.00 price objective on shares of Ultra Clean in a research report on Friday, July 26th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $61.50.

Ultra Clean Trading Down 1.5 %

Shares of NASDAQ:UCTT traded down $0.54 during midday trading on Monday, reaching $35.05. The company had a trading volume of 650,923 shares, compared to its average volume of 360,833. The company has a fifty day simple moving average of $36.76 and a two-hundred day simple moving average of $42.16. Ultra Clean has a 1-year low of $23.26 and a 1-year high of $56.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.73. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -43.17 and a beta of 2.08.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.21 EPS for the quarter. The company had revenue of $516.10 million for the quarter, compared to analyst estimates of $490.06 million. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. Research analysts predict that Ultra Clean will post 1.1 earnings per share for the current year.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.