Ichor (NASDAQ:ICHR) Announces Quarterly Earnings Results

Ichor (NASDAQ:ICHR) released its earnings results on Monday. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01, Briefing.com reports. The company had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted ($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 Stock Performance

ICHR stock opened at $31.28 on Tuesday. The stock’s fifty day moving average is $28.88 and its two-hundred day moving average is $33.79. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -22.43 and a beta of 1.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. Ichor has a 1 year low of $22.26 and a 1 year high of $46.43.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. DA Davidson assumed coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective on the stock. Oppenheimer initiated coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target for the company. Needham & Company LLC reduced their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, TD Cowen increased 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. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.00.

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.