Wall Street brokerages predict that Ichor Holdings, Ltd. (NASDAQ:ICHR) will announce sales of $180.26 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ichor’s earnings, with estimates ranging from $180.01 million to $180.50 million. Ichor posted sales of $131.41 million in the same quarter last year, which indicates a positive year over year growth rate of 37.2%. The business is scheduled to report its next quarterly earnings results on Thursday, February 8th.
On average, analysts expect that Ichor will report full-year sales of $180.26 million for the current financial year, with estimates ranging from $652.96 million to $653.50 million. For the next fiscal year, analysts expect that the company will report sales of $847.59 million per share, with estimates ranging from $828.00 million to $867.18 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Ichor.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.62. Ichor had a net margin of 7.43% and a return on equity of 32.99%. The firm had revenue of $164.50 million for the quarter, compared to analyst estimates of $165.16 million. The company’s revenue was up 55.6% on a year-over-year basis.
In related news, CEO Thomas M. Rohrs sold 130,767 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $27.85, for a total transaction of $3,641,860.95. Following the transaction, the chief executive officer now directly owns 173,090 shares in the company, valued at $4,820,556.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $26.37, for a total transaction of $940,090.50. Following the transaction, the insider now owns 32,090 shares in the company, valued at $846,213.30. The disclosure for this sale can be found here. Insiders sold 240,974 shares of company stock worth $6,653,367 over the last quarter. 5.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ICHR. TIAA CREF Investment Management LLC acquired a new position in Ichor during the first quarter worth $219,000. Geode Capital Management LLC boosted its position in Ichor by 538.3% during the first quarter. Geode Capital Management LLC now owns 70,649 shares of the technology company’s stock worth $1,400,000 after purchasing an additional 59,581 shares during the period. Russell Investments Group Ltd. boosted its position in Ichor by 1,091.6% during the second quarter. Russell Investments Group Ltd. now owns 296,739 shares of the technology company’s stock worth $5,982,000 after purchasing an additional 271,836 shares during the period. Trexquant Investment LP bought a new position in Ichor during the second quarter worth $250,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Ichor by 274.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 44,891 shares of the technology company’s stock worth $906,000 after purchasing an additional 32,905 shares during the period. Institutional investors and hedge funds own 75.49% of the company’s stock.
Ichor (ICHR) traded down $0.03 during midday trading on Tuesday, hitting $24.57. 793,500 shares of the stock were exchanged, compared to its average volume of 687,649. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.34. Ichor has a 12 month low of $9.81 and a 12 month high of $35.51. The firm has a market capitalization of $610.04 and a P/E ratio of 11.18.
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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