Ichor (ICHR) Releases FY 2018 Earnings Guidance

Share on StockTwits

Ichor (NASDAQ:ICHR) updated its FY 2018 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.32-0.40 for the period, compared to the Thomson Reuters consensus estimate of $0.68. The company issued revenue guidance of $140-150 million, compared to the consensus revenue estimate of $193.34 million.Ichor also updated its Q4 guidance to $0.32-0.40 EPS.

Shares of NASDAQ:ICHR traded down $3.26 on Wednesday, reaching $16.02. The company’s stock had a trading volume of 1,371,781 shares, compared to its average volume of 641,072. Ichor has a 52-week low of $15.21 and a 52-week high of $34.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.00 and a current ratio of 2.10. The stock has a market capitalization of $472.80 million, a price-to-earnings ratio of 6.65 and a beta of 3.82.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, November 6th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Ichor had a net margin of 8.60% and a return on equity of 38.00%. The business had revenue of $175.20 million during the quarter, compared to analysts’ expectations of $179.84 million. During the same period in the prior year, the company earned $0.62 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that Ichor will post 2.99 EPS for the current fiscal year.

A number of equities research analysts have recently commented on ICHR shares. Zacks Investment Research cut shares of Ichor from a hold rating to a sell rating in a report on Friday, October 26th. BidaskClub cut shares of Ichor from a hold rating to a sell rating in a report on Tuesday, July 17th. Cowen set a $32.00 price target on shares of Ichor and gave the stock an outperform rating in a report on Wednesday, August 8th. Royal Bank of Canada cut their price target on shares of Ichor from $40.00 to $33.00 and set a $20.46 rating for the company in a report on Wednesday, July 18th. Finally, Stifel Nicolaus set a $41.00 price target on shares of Ichor and gave the stock a buy rating in a report on Tuesday, October 23rd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $32.00.

In other news, CFO Jeff Andreson purchased 5,200 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average cost of $24.22 per share, with a total value of $125,944.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $242,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.20% of the company’s stock.

A hedge fund recently raised its stake in Ichor stock. Bank of New York Mellon Corp boosted its stake in shares of Ichor Holdings Ltd (NASDAQ:ICHR) by 15.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,388 shares of the technology company’s stock after buying an additional 12,175 shares during the quarter. Bank of New York Mellon Corp owned 0.37% of Ichor worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission. 84.96% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was published by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://weekherald.com/2018/11/07/ichor-ichr-releases-fy-2018-earnings-guidance.html.

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, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

Recommended Story: How is an ETF different from a mutual fund?

Receive News & Ratings for Ichor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ichor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply