Ultra Clean (UCTT) Set to Announce Earnings on Monday

Ultra Clean (NASDAQ:UCTT) will be releasing its earnings data after the market closes on Monday, May 6th. Ultra Clean has set its Q1 guidance at $0.03-$0.23 EPS and its Q1 2024 guidance at 0.030-0.230 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 EPS for the quarter. Ultra Clean had a positive return on equity of 1.69% and a negative net margin of 1.79%. The company had revenue of $444.80 million during the quarter, compared to analysts’ expectations of $444.99 million.

Ultra Clean Stock Performance

Shares of Ultra Clean stock opened at $41.96 on Monday. The business has a 50-day moving average of $43.94 and a 200 day moving average of $35.76. Ultra Clean has a 12 month low of $22.15 and a 12 month high of $49.25. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -60.81 and a beta of 2.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.88 and a quick ratio of 1.67.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. TD Cowen raised their target price on Ultra Clean from $32.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Needham & Company LLC raised their target price on Ultra Clean from $46.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.33.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.