Ichor (NASDAQ:ICHR) Announces Earnings Results, Misses Expectations By $0.14 EPS

Ichor (NASDAQ:ICHR) issued its earnings results on Tuesday. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14), Zacks reports. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%.

Ichor Trading Up 4.4 %

Shares of NASDAQ ICHR traded up $1.19 during midday trading on Tuesday, hitting $28.21. 315,730 shares of the company traded hands, compared to its average volume of 254,392. Ichor has a 12-month low of $25.95 and a 12-month high of $46.43. The firm has a market cap of $951.52 million, a P/E ratio of -30.33 and a beta of 1.91. The stock has a 50-day moving average price of $31.56 and a 200 day moving average price of $30.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen decreased their price target on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC downgraded shares of Ichor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. 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, November 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Ichor currently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

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.