Ichor (ICHR) Projected to Post Quarterly Earnings on Tuesday

Ichor (NASDAQ:ICHR) will likely be announcing its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $232.65 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The company had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $203.24 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. Ichor’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts expect Ichor to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ichor Trading Down 0.8 %

Shares of ICHR opened at $27.46 on Monday. The company’s fifty day moving average is $31.56 and its 200 day moving average is $30.72. Ichor has a fifty-two week low of $25.95 and a fifty-two week high of $46.43. The stock has a market capitalization of $926.31 million, a PE ratio of -29.53 and a beta of 1.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ICHR. B. Riley reiterated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. TD Cowen lowered their price objective on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, Needham & Company LLC lowered shares of Ichor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Ichor presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

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.