Ichor (NASDAQ:ICHR) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Ichor (NASDAQ:ICHR) announced its quarterly earnings data on Monday. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01, Briefing.com reports. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The business had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. During the same quarter in the previous year, the business earned ($0.09) earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Ichor updated its Q4 guidance to $0.21-0.33 EPS and its Q4 2024 guidance to 0.210-0.330 EPS.

Ichor Stock Up 16.1 %

ICHR stock opened at $31.50 on Wednesday. The company has a market capitalization of $1.06 billion, a P/E ratio of -33.87 and a beta of 1.91. The firm has a 50 day simple moving average of $28.90 and a 200-day simple moving average of $33.76. 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 twelve month low of $22.26 and a twelve month high of $46.43.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. DA Davidson started coverage on shares of Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective on the stock. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Needham & Company LLC dropped their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. B. Riley reissued a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a research report on Tuesday. Finally, Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.