Ichor (NASDAQ:ICHR) Releases Q4 2024 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of -0.210 for the period, compared to the consensus estimate of 0.270. The company issued revenue guidance of $233.0 million-$233.0 million, compared to the consensus revenue estimate of $227.1 million. Ichor also updated its Q1 2025 guidance to EPS.

Ichor Stock Down 4.5 %

Ichor stock opened at $30.56 on Tuesday. The stock’s 50 day moving average price is $32.33 and its 200 day moving average price is $31.81. Ichor has a 1-year low of $26.40 and a 1-year high of $46.43. The company has a market cap of $1.03 billion, a PE ratio of -32.86 and a beta of 1.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. On average, sell-side analysts predict that Ichor will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ICHR. TD Cowen lifted their price target on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. B. Riley reaffirmed a “buy” rating and set a $38.00 price objective (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price on the stock. Needham & Company LLC downgraded Ichor from a “buy” rating to a “hold” rating in a research note on Monday. Finally, DA Davidson began coverage on shares of Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Ichor currently has an average rating of “Moderate Buy” and an average price target 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.