Ichor (NASDAQ:ICHR) Updates Q4 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.21-0.33 for the period, compared to the consensus 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.

Ichor Stock Up 2.3 %

ICHR stock traded up $0.74 during mid-day trading on Wednesday, reaching $32.24. 74,726 shares of the company traded hands, compared to its average volume of 304,984. Ichor has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -33.87 and a beta of 1.91. The firm’s 50 day moving average price is $28.90 and its 200 day moving average price is $33.76. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. The company had revenue of $211.14 million for the quarter, compared to the consensus estimate of $203.24 million. During the same period in the previous year, the firm earned ($0.09) EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Ichor will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

ICHR has been the subject of several recent research reports. 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. TD Cowen boosted their target price on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Oppenheimer assumed coverage on shares of Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target on the stock. Finally, DA Davidson began coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.57.

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.