Ichor (NASDAQ:ICHR) Updates Q4 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.210-0.330 for the period, compared to the consensus earnings per share estimate of 0.210. The company issued revenue guidance of $220.0 million-$235.0 million, compared to the consensus revenue estimate of $216.2 million. Ichor also updated its Q4 guidance to $0.21-0.33 EPS.

Ichor Stock Performance

Ichor stock traded up $4.05 during midday trading on Tuesday, hitting $31.19. The stock had a trading volume of 189,397 shares, compared to its average volume of 304,773. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. Ichor has a 52-week low of $22.26 and a 52-week high of $46.43. The firm’s fifty day moving average is $28.88 and its two-hundred day moving average is $33.79. The company has a market capitalization of $1.05 billion, a PE ratio of -33.48 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The company had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. Ichor’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts forecast that Ichor will post -0.17 EPS for the current year.

Analysts Set New Price Targets

ICHR has been the subject of several research analyst reports. TD Cowen raised their price objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. DA Davidson began coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price target on the stock. Needham & Company LLC lowered their price target on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, B. Riley reissued a “buy” rating and issued a $38.00 price target (up previously from $36.00) on shares of Ichor in a report on Tuesday. Two equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.57.

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.