Equities research analysts forecast that Ichor Holdings Ltd (NASDAQ:ICHR) will report earnings of $0.94 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ichor’s earnings, with estimates ranging from $0.92 to $0.95. Ichor reported earnings of $0.57 per share in the same quarter last year, which suggests a positive year over year growth rate of 64.9%. The business is scheduled to announce its next earnings results on Thursday, May 10th.
According to Zacks, analysts expect that Ichor will report full year earnings of $3.52 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.75. For the next financial year, analysts forecast that the business will report earnings of $4.03 per share, with EPS estimates ranging from $3.75 to $4.30. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Ichor.
Ichor (NASDAQ:ICHR) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.68 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. Ichor had a net margin of 7.83% and a return on equity of 33.93%. The company had revenue of $182.94 million for the quarter, compared to analysts’ expectations of $183.06 million.
ICHR has been the topic of several analyst reports. ValuEngine upgraded shares of Ichor from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Ichor from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, January 23rd. Needham & Company LLC upgraded shares of Ichor from a “buy” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, February 13th. Cowen reiterated a “buy” rating on shares of Ichor in a research report on Thursday, February 15th. Finally, Deutsche Bank increased their price target on shares of Ichor to $38.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.33.
In other Ichor news, Director Iain Mackenzie sold 4,690 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $26.10, for a total value of $122,409.00. Following the sale, the director now owns 4,690 shares in the company, valued at $122,409. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $25.47, for a total transaction of $908,005.50. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC boosted its position in Ichor by 13.4% in the third quarter. Neuberger Berman Group LLC now owns 1,203,503 shares of the technology company’s stock valued at $32,254,000 after buying an additional 142,668 shares in the last quarter. BlackRock Inc. boosted its position in Ichor by 3.7% in the fourth quarter. BlackRock Inc. now owns 1,157,563 shares of the technology company’s stock valued at $28,478,000 after buying an additional 41,100 shares in the last quarter. Systematic Financial Management LP boosted its position in Ichor by 61.3% in the fourth quarter. Systematic Financial Management LP now owns 735,419 shares of the technology company’s stock valued at $18,091,000 after buying an additional 279,510 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Ichor in the third quarter valued at approximately $15,509,000. Finally, Vanguard Group Inc. boosted its position in Ichor by 182.9% in the second quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after buying an additional 311,083 shares in the last quarter. Hedge funds and other institutional investors own 70.52% of the company’s stock.
ICHR stock traded up $0.58 during midday trading on Wednesday, hitting $27.94. 1,340,408 shares of the company traded hands, compared to its average volume of 1,580,736. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.89 and a quick ratio of 0.84. The firm has a market cap of $717.28, a price-to-earnings ratio of 14.26 and a beta of 5.30. Ichor has a twelve month low of $16.82 and a twelve month high of $35.51.
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Ichor Company Profile
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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