Ichor (NASDAQ:ICHR - Get Free Report) 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.
Wall Street Analyst Weigh In
Several research firms have weighed in on ICHR. Needham & Company LLC downgraded Ichor from a "buy" rating to a "hold" rating in a research note on Monday. 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. TD Cowen lifted their price target on shares of Ichor from $35.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. DA Davidson began coverage on shares of Ichor in a report on Thursday, September 26th. They set a "buy" rating and a $50.00 price objective for the company. Finally, Oppenheimer initiated coverage on Ichor in a report on Wednesday, September 25th. They issued a "market perform" rating and a $35.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.57.
Get Our Latest Report on Ichor
Ichor Trading Down 4.5 %
ICHR traded down $1.44 on Monday, hitting $30.56. The company had a trading volume of 328,065 shares, compared to its average volume of 193,166. The business's fifty day simple moving average is $32.33 and its 200 day simple moving average is $31.81. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. Ichor has a 12-month low of $26.40 and a 12-month high of $46.43. The company has a market cap of $1.03 billion, a PE ratio of -32.86 and a beta of 1.92.
Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The firm had revenue of $211.14 million during the quarter, compared to analysts' expectations of $203.24 million. During the same period in the previous year, the company earned ($0.09) EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts expect that Ichor will post -0.1 EPS for the current year.
About Ichor
(
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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.
Further Reading
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