Ichor (NASDAQ:ICHR – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.050-0.150 for the period, compared to the consensus estimate of 0.110. The company issued revenue guidance of $195.0 million-$210.0 million, compared to the consensus revenue estimate of $203.0 million. Ichor also updated its Q3 guidance to $0.05-0.15 EPS.
Ichor Trading Up 3.3 %
NASDAQ:ICHR traded up $0.93 on Wednesday, hitting $28.99. 489,333 shares of the stock were exchanged, compared to its average volume of 319,836. The stock has a market capitalization of $970.44 million, a price-to-earnings ratio of -16.38 and a beta of 1.94. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.78 and a current ratio of 4.16. The company’s 50-day moving average price is $37.11 and its 200 day moving average price is $38.61.
Ichor (NASDAQ:ICHR – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $201.38 million for the quarter, compared to the consensus estimate of $200.00 million. Ichor had a negative return on equity of 2.93% and a negative net margin of 6.61%. On average, equities research analysts forecast that Ichor will post -0.2 earnings per share for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on ICHR
Insider Activity
In other news, CEO Jeff Andreson sold 21,400 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $38.74, for a total value of $829,036.00. Following the completion of the sale, the chief executive officer now owns 282,141 shares of the company’s stock, valued at approximately $10,930,142.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by 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.
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