Wall Street brokerages expect that Ichor Holdings Ltd (NASDAQ:ICHR) will announce $144.99 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Ichor’s earnings, with estimates ranging from $144.80 million to $145.17 million. Ichor reported sales of $182.94 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 20.7%. The business is scheduled to issue its next earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that Ichor will report full year sales of $850.46 million for the current fiscal year, with estimates ranging from $827.00 million to $897.00 million. For the next financial year, analysts forecast that the firm will post sales of $860.02 million, with estimates ranging from $743.00 million to $1.02 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Ichor.
Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The business had revenue of $175.20 million for the quarter, compared to analysts’ expectations of $179.84 million. Ichor had a return on equity of 35.38% and a net margin of 7.95%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS.
Several analysts have weighed in on the company. Cowen cut their price objective on Ichor from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday. Royal Bank of Canada cut Ichor from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $28.00 to $20.00 in a research report on Wednesday. BidaskClub raised Ichor from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Zacks Investment Research cut Ichor from a “hold” rating to a “sell” rating in a research report on Friday, October 26th. Finally, Stifel Nicolaus set a $41.00 price objective on Ichor and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Ichor currently has a consensus rating of “Hold” and an average target price of $32.00.
In other news, CFO Jeff Andreson acquired 5,200 shares of the business’s stock in a transaction on Monday, August 27th. The shares were acquired at an average cost of $24.22 per share, with a total value of $125,944.00. Following the transaction, the chief financial officer now owns 10,000 shares in the company, valued at approximately $242,200. 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.
Several institutional investors and hedge funds have recently modified their holdings of ICHR. BlackRock Inc. boosted its position in shares of Ichor by 121.1% in the 3rd quarter. BlackRock Inc. now owns 3,545,139 shares of the technology company’s stock worth $72,393,000 after purchasing an additional 1,941,439 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Ichor by 103.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,158,654 shares of the technology company’s stock worth $24,587,000 after purchasing an additional 587,943 shares in the last quarter. FMR LLC bought a new stake in shares of Ichor in the 3rd quarter worth approximately $11,580,000. Selz Capital LLC boosted its position in shares of Ichor by 296.7% in the 2nd quarter. Selz Capital LLC now owns 671,877 shares of the technology company’s stock worth $14,257,000 after purchasing an additional 502,516 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of Ichor in the 3rd quarter worth approximately $9,969,000. 84.96% of the stock is currently owned by hedge funds and other institutional investors.
Ichor stock opened at $16.00 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The company has a market cap of $390.47 million, a price-to-earnings ratio of 5.15 and a beta of 3.82. Ichor has a fifty-two week low of $15.21 and a fifty-two week high of $34.78.
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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