Ichor (NASDAQ:ICHR) Issues Q4 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.210-0.330 for the period, compared to the consensus EPS 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 Price Performance

Shares of NASDAQ:ICHR traded up $1.12 on Wednesday, hitting $32.62. The company’s stock had a trading volume of 134,866 shares, compared to its average volume of 305,305. The company has a 50-day simple moving average of $28.90 and a 200 day simple moving average of $33.76. Ichor has a 1 year low of $22.26 and a 1 year high of $46.43. The company has a market capitalization of $1.10 billion, a PE ratio of -33.87 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 announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 EPS 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 firm had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same period in the prior year, the company earned ($0.09) EPS. The company’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts forecast that Ichor will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Oppenheimer assumed coverage on Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target on the stock. TD Cowen lifted their price objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley reiterated a “buy” rating and issued a $38.00 price objective (up from $36.00) on shares of Ichor in a research report on Tuesday. Needham & Company LLC cut their price objective 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, StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.