Ultra Clean (NASDAQ:UCTT) Releases Q4 2024 Earnings Guidance

Ultra Clean (NASDAQ:UCTT) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.340-0.540 for the period, compared to the consensus estimate of 0.430. The company issued revenue guidance of $535.0 million-$585.0 million, compared to the consensus revenue estimate of $531.0 million. Ultra Clean also updated its Q4 guidance to $0.34-$0.54 EPS.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. 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 for the company. Craig Hallum increased their target price on Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC decreased their target price on Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, TD Cowen increased their target price on Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ultra Clean presently has a consensus rating of “Buy” and a consensus target price of $58.50.

Ultra Clean Stock Down 4.7 %

UCTT stock traded down $1.66 on Tuesday, reaching $33.39. 583,352 shares of the company traded hands, compared to its average volume of 361,964. Ultra Clean has a one year low of $23.26 and a one year high of $56.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.73 and a quick ratio of 1.60. The company has a market cap of $1.49 billion, a P/E ratio of -40.39 and a beta of 2.08. The firm has a fifty day simple moving average of $36.67 and a 200-day simple moving average of $42.09.

Ultra Clean Company Profile

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.