Ichor (NASDAQ:ICHR) Updates Q4 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of -0.210 for the period, compared to the consensus 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.

Ichor Stock Performance

Shares of Ichor stock opened at $30.56 on Tuesday. The business’s 50 day moving average price is $32.33 and its 200 day moving average price is $31.81. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -32.86 and a beta of 1.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. Ichor has a one year low of $26.40 and a one year high of $46.43.

Ichor (NASDAQ:ICHR) last issued its 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. The company had revenue of $211.14 million for the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. Ichor’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.09) earnings per share. On average, research analysts predict that Ichor will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ICHR. B. Riley reiterated a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. DA Davidson started coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price target on the stock. Needham & Company LLC cut shares of Ichor from a “buy” rating to a “hold” rating in a report on Monday. 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, November 5th. Finally, Oppenheimer began coverage on shares of Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target for the company. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Ichor currently has an average rating of “Moderate Buy” and an average price target of $42.57.

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.