Ichor (NASDAQ:ICHR - Get Free Report) released its quarterly earnings data on Monday. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01, Briefing.com reports. The firm had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) EPS. Ichor updated its Q4 guidance to $0.21-0.33 EPS and its Q4 2024 guidance to 0.210-0.330 EPS.
Ichor Price Performance
ICHR stock traded up $4.36 during mid-day trading on Tuesday, reaching $31.50. 473,660 shares of the company traded hands, compared to its average volume of 306,100. Ichor has a 52-week low of $22.26 and a 52-week high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The company has a market capitalization of $1.06 billion, a P/E ratio of -33.87 and a beta of 1.91. The company has a fifty day moving average price of $28.90 and a 200-day moving average price of $33.76.
Wall Street Analyst Weigh In
Several research firms recently commented on ICHR. TD Cowen upped their target price on shares of Ichor from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday. Needham & Company LLC reduced their target price on shares of Ichor from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. DA Davidson initiated coverage on shares of Ichor in a research note 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. Finally, Oppenheimer initiated coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a "market perform" rating and a $35.00 price objective for the company. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.57.
View Our Latest Analysis on Ichor
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.
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