Ichor (ICHR) Scheduled to Post Earnings on Tuesday

Ichor (NASDAQ:ICHR) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Ichor has set its Q2 guidance at $(0.03)-0.09 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Ichor had a negative net margin of 6.61% and a negative return on equity of 2.93%. The firm had revenue of $201.38 million during the quarter, compared to analysts’ expectations of $200.00 million. On average, analysts expect Ichor to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ichor Trading Down 6.2 %

NASDAQ ICHR opened at $29.07 on Monday. The firm’s 50 day moving average price is $37.52 and its two-hundred day moving average price is $38.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.78 and a current ratio of 4.16. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43. The stock has a market cap of $972.97 million, a price-to-earnings ratio of -16.42 and a beta of 1.94.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating and set a $42.00 price target on shares of Ichor in a report on Wednesday, May 8th. Stifel Nicolaus lifted their target price on Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. B. Riley raised shares of Ichor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $40.00 to $48.00 in a research report on Friday, April 19th. TD Cowen boosted their price objective on shares of Ichor from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Craig Hallum dropped their price objective on shares of Ichor from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.60.

Insider Activity

In related news, CEO Jeff Andreson sold 21,400 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $38.74, for a total transaction of $829,036.00. Following the transaction, the chief executive officer now owns 282,141 shares of the company’s stock, valued at $10,930,142.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Ichor Company Profile

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.