Ichor (ICHR) Projected to Post Quarterly Earnings on Tuesday

Ichor (NASDAQ:ICHR) is expected to be releasing its earnings data after the market closes on Tuesday, February 4th. Analysts expect Ichor to post earnings of $0.13 per share and revenue of $232,813.25 billion for the quarter. Ichor has set its Q4 guidance at $0.21-0.33 EPS and its Q4 2024 guidance at 0.210-0.330 EPS.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The company had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same quarter last year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts expect Ichor to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ichor Stock Performance

NASDAQ:ICHR opened at $26.81 on Tuesday. The firm has a market capitalization of $904.30 million, a PE ratio of -28.83 and a beta of 1.92. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. Ichor has a 1 year low of $25.95 and a 1 year high of $46.43. The firm’s fifty day simple moving average is $32.00 and its 200 day simple moving average is $31.19.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ICHR shares. TD Cowen dropped their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC downgraded Ichor from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, B. Riley reissued a “buy” rating and issued a $38.00 price objective (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.29.

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.