Ultra Clean (UCTT) Scheduled to Post Earnings on Monday

Ultra Clean (NASDAQ:UCTT) will be issuing its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. The company had revenue of $516.10 million for the quarter, compared to analyst estimates of $490.06 million. During the same quarter last year, the company posted $0.16 earnings per share. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. On average, analysts expect Ultra Clean to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ultra Clean Price Performance

Shares of UCTT opened at $35.59 on Friday. Ultra Clean has a fifty-two week low of $23.23 and a fifty-two week high of $56.47. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -43.40 and a beta of 2.08. The firm has a 50-day simple moving average of $36.76 and a 200-day simple moving average of $42.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.73.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UCTT. Needham & Company LLC reiterated a “buy” rating and set a $56.00 target price on shares of Ultra Clean in a research note on Friday, July 26th. Craig Hallum raised their price objective on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Oppenheimer started coverage on shares of Ultra Clean in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, TD Cowen raised their price objective on shares of Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ultra Clean has an average rating of “Buy” and a consensus price target of $61.50.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.