Ichor (NASDAQ:ICHR) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Ichor (NASDAQ:ICHR) released its earnings results on Monday. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01, Briefing.com reports. The company had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. Ichor’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share. Ichor updated its Q4 guidance to $0.21-0.33 EPS and its Q4 2024 guidance to 0.210-0.330 EPS.

Ichor Price Performance

Ichor stock opened at $31.50 on Wednesday. Ichor has a one year low of $22.26 and a one year high of $46.43. The business has a fifty day moving average price of $28.90 and a 200-day moving average price of $33.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The firm has a market capitalization of $1.06 billion, a P/E ratio of -33.87 and a beta of 1.91.

Analyst Upgrades and Downgrades

ICHR has been the subject of several recent analyst reports. TD Cowen upped their target price on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC reduced their target price on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Oppenheimer started coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price for the company. B. Riley reissued a “buy” rating and set a $38.00 price objective (up from $36.00) on shares of Ichor in a report on Tuesday. Finally, StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.57.

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.