Ultra Clean (NASDAQ:UCTT – Get Free Report) updated its second quarter 2024 earnings guidance on Monday. The company provided EPS guidance of 0.160-0.360 for the period, compared to the consensus EPS estimate of 0.260. The company issued revenue guidance of $465.0 million-$515.0 million, compared to the consensus revenue estimate of $465.9 million. Ultra Clean also updated its Q2 guidance to $0.16-0.36 EPS.
Ultra Clean Stock Up 2.0 %
Ultra Clean stock traded up $0.85 during mid-day trading on Monday, hitting $42.96. The company had a trading volume of 194,541 shares, compared to its average volume of 311,303. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.51. Ultra Clean has a 1 year low of $22.15 and a 1 year high of $49.25. The business has a fifty day moving average of $43.77 and a 200 day moving average of $36.28. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -62.26 and a beta of 2.02.
Ultra Clean (NASDAQ:UCTT – Get Free Report) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%. The business had revenue of $444.80 million during the quarter, compared to analysts’ expectations of $444.99 million.
Wall Street Analyst Weigh In
About Ultra Clean
Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.
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