Analysts forecast that Ichor Holdings Ltd (NASDAQ:ICHR) will announce earnings of $0.53 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ichor’s earnings, with estimates ranging from $0.53 to $0.54. Ichor reported earnings per share of $0.62 in the same quarter last year, which suggests a negative year-over-year growth rate of 14.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that Ichor will report full year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.25 to $3.35. For the next fiscal year, analysts forecast that the company will report earnings of $3.86 per share, with EPS estimates ranging from $3.45 to $4.35. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Ichor.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Tuesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.27. The business had revenue of $248.97 million for the quarter, compared to the consensus estimate of $236.39 million. Ichor had a net margin of 8.60% and a return on equity of 38.00%.
Several brokerages recently issued reports on ICHR. ValuEngine downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. BidaskClub downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, June 19th. Zacks Investment Research downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Stifel Nicolaus upped their price objective on shares of Ichor from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, June 18th. Finally, Royal Bank of Canada reduced their price objective on shares of Ichor from $40.00 to $33.00 and set a “$20.46” rating on the stock in a research note on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $37.00.
Shares of ICHR traded down $0.44 on Monday, hitting $21.87. 503,100 shares of the stock traded hands, compared to its average volume of 1,187,579. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.00 and a current ratio of 2.10. The company has a market capitalization of $529.56 million, a price-to-earnings ratio of 8.98 and a beta of 4.87. Ichor has a 1 year low of $18.76 and a 1 year high of $35.51.
In related news, CFO Jeff Andreson purchased 5,200 shares of the business’s stock in a transaction on Monday, August 27th. The shares were bought at an average price of $24.22 per share, with a total value of $125,944.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $242,200. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Iain Mackenzie sold 4,680 shares of the stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $22.13, for a total transaction of $103,568.40. Following the transaction, the director now directly owns 4,680 shares in the company, valued at approximately $103,568.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Ichor during the second quarter worth approximately $146,000. Engineers Gate Manager LP purchased a new position in Ichor during the second quarter worth approximately $202,000. Capital Fund Management S.A. purchased a new position in Ichor during the second quarter worth approximately $223,000. Dynamic Technology Lab Private Ltd purchased a new position in Ichor during the second quarter worth approximately $267,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Ichor during the second quarter worth approximately $304,000. 87.27% of the stock is currently owned by institutional investors.
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
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