Ichor (NASDAQ:ICHR) Releases Q4 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of -0.210 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

ICHR has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $38.00 price objective (up from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. TD Cowen lifted their price objective on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Oppenheimer initiated coverage on shares of Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target for the company. DA Davidson initiated coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price for the company. Finally, Needham & Company LLC cut shares of Ichor from a “buy” rating to a “hold” rating in a research report on Monday. Three equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.57.

Ichor Stock Performance

Shares of NASDAQ ICHR traded down $1.37 during trading on Monday, reaching $30.63. 71,006 shares of the stock traded hands, compared to its average volume of 155,421. The company has a 50-day moving average of $32.26 and a 200-day moving average of $31.86. Ichor has a 52-week low of $26.40 and a 52-week high of $46.43. The stock has a market capitalization of $1.03 billion, a P/E ratio of -32.94 and a beta of 1.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company 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 2.14% and a negative net margin of 3.51%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) EPS. Analysts forecast that Ichor will post -0.1 EPS 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.