Ichor (NASDAQ:ICHR) Issues Q4 Earnings Guidance

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Oppenheimer assumed coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target on the stock. DA Davidson started coverage on shares of Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 price target for the company. TD Cowen boosted their price objective on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, Needham & Company LLC cut their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Ichor Stock Performance

NASDAQ ICHR traded up $3.72 on Tuesday, hitting $30.86. 156,985 shares of the stock were exchanged, compared to its average volume of 304,577. The business’s fifty day moving average is $28.88 and its 200 day moving average is $33.79. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The company has a market capitalization of $1.04 billion, a PE ratio of -26.30 and a beta of 1.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. Ichor’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted ($0.09) EPS. Research analysts anticipate that Ichor will post -0.17 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.