Ichor (NASDAQ:ICHR) Updates Q4 Earnings Guidance

Ichor (NASDAQ:ICHR) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.21-0.33 for the period, compared to the consensus earnings per share estimate of $0.21. The company issued revenue guidance of $220-235 million, compared to the consensus revenue estimate of $216.19 million. Ichor also updated its Q4 2024 guidance to 0.210-0.330 EPS.

Analyst Upgrades and Downgrades

ICHR has been the topic of several recent research reports. 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 on the stock. Needham & Company LLC dropped their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. B. Riley restated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday. Finally, DA Davidson started coverage on Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.57.

Ichor Price Performance

Shares of Ichor stock traded up $1.26 during trading on Thursday, reaching $33.78. The company’s stock had a trading volume of 56,721 shares, compared to its average volume of 305,134. The stock has a 50-day moving average price of $28.94 and a two-hundred day moving average price of $33.75. The stock has a market capitalization of $1.14 billion, a P/E ratio of -34.97 and a beta of 1.91. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. Ichor has a one year low of $22.26 and a one year high of $46.43.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.18%. Ichor’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.09) earnings per share. As a group, sell-side analysts anticipate that Ichor will post -0.17 EPS for the current fiscal year.

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.