Ichor (NASDAQ:ICHR) Updates Q4 Earnings Guidance

Ichor (NASDAQ:ICHR) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.21-0.33 for the period, compared to the consensus EPS estimate of $0.21. The company issued revenue guidance of $220-235 million, compared to the consensus revenue estimate of $216.19 million.

Ichor Stock Performance

Shares of NASDAQ:ICHR traded down $0.21 during midday trading on Monday, reaching $27.14. 239,127 shares of the company traded hands, compared to its average volume of 305,293. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The firm’s fifty day moving average price is $28.95 and its two-hundred day moving average price is $33.87. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $914.35 million, a price-to-earnings ratio of -22.62 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $203.23 million for the quarter, compared to analyst estimates of $197.75 million. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. On average, equities analysts expect that Ichor will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ICHR. Oppenheimer started coverage on Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target for the company. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. DA Davidson initiated coverage on shares of Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target on the stock. TD Cowen cut their target price on shares of Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Needham & Company LLC lowered their price target on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ichor has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

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.