Zacks: Brokerages Anticipate Ichor Holdings Ltd (ICHR) Will Announce Earnings of $0.31 Per Share

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Wall Street brokerages forecast that Ichor Holdings Ltd (NASDAQ:ICHR) will post $0.31 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Ichor’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.41. Ichor reported earnings per share of $1.03 in the same quarter last year, which indicates a negative year-over-year growth rate of 69.9%. The business is scheduled to announce its next quarterly earnings report on Tuesday, May 14th.

On average, analysts expect that Ichor will report full year earnings of $2.11 per share for the current year, with EPS estimates ranging from $1.80 to $2.50. For the next financial year, analysts anticipate that the business will post earnings of $2.57 per share, with EPS estimates ranging from $2.35 to $2.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Ichor.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). The firm had revenue of $141.40 million during the quarter, compared to the consensus estimate of $144.20 million. Ichor had a return on equity of 30.78% and a net margin of 7.03%. Ichor’s revenue was down 22.7% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Cowen cut their target price on shares of Ichor from $32.00 to $28.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 7th. Finally, Stifel Nicolaus set a $41.00 target price on shares of Ichor and gave the company a “buy” rating in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.80.

In related news, CFO Jeff Andreson bought 6,500 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average price of $15.90 per share, with a total value of $103,350.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Architects Inc purchased a new position in Ichor during the 4th quarter valued at about $41,000. Quantamental Technologies LLC purchased a new position in Ichor during the 4th quarter valued at about $47,000. Oregon Public Employees Retirement Fund purchased a new position in Ichor during the 4th quarter valued at about $142,000. Teachers Retirement System of The State of Kentucky purchased a new position in Ichor during the 3rd quarter valued at about $159,000. Finally, State of Alaska Department of Revenue purchased a new position in Ichor during the 3rd quarter valued at about $163,000. 93.52% of the stock is owned by institutional investors.

Shares of Ichor stock opened at $21.76 on Friday. The firm has a market capitalization of $497.28 million, a price-to-earnings ratio of 8.06 and a beta of 2.90. Ichor has a 12-month low of $14.23 and a 12-month high of $30.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.03 and a current ratio of 2.41.

Ichor Company Profile

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.

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