Ichor (NASDAQ:ICHR) Updates 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 Price Performance

Shares of NASDAQ:ICHR opened at $31.00 on Wednesday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -33.33 and a beta of 1.92. The business has a 50 day moving average price of $32.32 and a 200 day moving average price of $31.76. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. Ichor has a twelve month low of $26.40 and a twelve month high of $46.43.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The company had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same period in the prior year, the business earned ($0.09) earnings per share. Ichor’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts predict that Ichor will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ICHR has been the topic of several research reports. B. Riley restated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Oppenheimer initiated coverage on Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target on the stock. TD Cowen raised their price objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Needham & Company LLC lowered Ichor from a “buy” rating to a “hold” rating in a report on Monday. Finally, DA Davidson assumed coverage on Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price for the company. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.