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 guidance of -0.210 for the period, compared to the consensus earnings per share 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 4.3 %

ICHR stock traded down $1.37 during mid-day trading on Monday, hitting $30.63. 71,006 shares of the company were exchanged, compared to its average volume of 155,421. The company has a market capitalization of $1.03 billion, a PE ratio of -32.94 and a beta of 1.92. The firm has a fifty day simple moving average of $32.26 and a 200 day simple moving average of $31.86. The company has a current ratio of 3.64, a quick ratio of 1.69 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 issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) earnings per share. On average, research analysts forecast that Ichor will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ICHR shares. TD Cowen upped their target price 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 research report on Monday. B. Riley reissued a “buy” rating and set a $38.00 target price (up from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Oppenheimer started 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. Finally, DA Davidson assumed coverage on Ichor in a research report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price on the stock. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.