Ichor (NASDAQ:ICHR) Issues Q4 2024 Earnings Guidance

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $38.00 price target (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Oppenheimer started coverage on shares of Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price for the company. DA Davidson initiated coverage on 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 downgraded Ichor from a “buy” rating to a “hold” rating in a research report on Monday. Finally, TD Cowen boosted their price objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.57.

Ichor Trading Up 1.4 %

ICHR stock opened at $31.00 on Wednesday. The business has a fifty day moving average of $32.32 and a 200-day moving average of $31.76. The company has a market cap of $1.05 billion, a P/E ratio of -33.33 and a beta of 1.92. Ichor has a twelve month low of $26.40 and a twelve month high of $46.43. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHR) last released its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (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 the consensus estimate of $203.24 million. During the same period in the prior year, the company posted ($0.09) EPS. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts expect that Ichor will post -0.1 EPS for the current year.

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.