Ichor (NASDAQ:ICHR) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Ichor (NASDAQ:ICHR) posted its earnings results on Monday. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01, Briefing.com reports. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.18%. The firm had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. During the same period in the previous year, the business posted ($0.09) EPS. Ichor’s revenue was up 7.3% on a year-over-year basis. 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

Shares of NASDAQ ICHR opened at $32.52 on Thursday. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $28.94 and a two-hundred day moving average of $33.75. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -34.97 and a beta of 1.91.

Wall Street Analysts Forecast Growth

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

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.