Ichor (NASDAQ:ICHR) Updates Q4 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of -0.210 for the period, compared to the consensus earnings per share estimate of 0.270. The company issued revenue guidance of $233.0 million-$233.0 million, compared to the consensus revenue estimate of $227.1 million. Ichor also updated its Q1 2025 guidance to EPS.

Ichor Stock Performance

NASDAQ ICHR traded down $1.08 on Monday, hitting $30.92. 54,328 shares of the stock traded hands, compared to its average volume of 151,520. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The business’s fifty day moving average is $32.26 and its two-hundred day moving average is $31.86. Ichor has a 12 month low of $26.40 and a 12 month high of $46.43. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -33.25 and a beta of 1.92.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) EPS. As a group, equities analysts anticipate that Ichor will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. DA Davidson started coverage on Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective on the stock. TD Cowen upped their target price on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Needham & Company LLC downgraded shares of Ichor from a “buy” rating to a “hold” rating in a report on Monday. Finally, Oppenheimer began 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. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.