Ichor (ICHR) Scheduled to Post Quarterly Earnings on Tuesday

Ichor (NASDAQ:ICHR - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Ichor to post earnings of $0.01 per share for the quarter. Ichor has set its Q1 guidance at $(0.05)-$0.05 EPS and its Q1 2024 guidance at -0.050-0.050 EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its earnings results on Tuesday, February 6th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.13). The business had revenue of $203.48 million for the quarter, compared to the consensus estimate of $197.50 million. Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. On average, analysts expect Ichor to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ichor Stock Down 3.0 %

Ichor stock traded down $1.18 during mid-day trading on Tuesday, reaching $38.78. The stock had a trading volume of 253,197 shares, compared to its average volume of 303,035. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -26.38 and a beta of 2.02. The company has a 50-day moving average price of $39.59 and a two-hundred day moving average price of $34.22. Ichor has a one year low of $22.26 and a one year high of $46.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57.

Insider Buying and Selling

In related news, Director Thomas M. Rohrs sold 50,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.37, for a total value of $2,268,500.00. Following the completion of the sale, the director now directly owns 43,764 shares of the company's stock, valued at approximately $1,985,572.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ichor news, Director Thomas M. Rohrs sold 50,000 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.37, for a total value of $2,268,500.00. Following the completion of the transaction, the director now directly owns 43,764 shares in the company, valued at approximately $1,985,572.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Smith sold 23,433 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.08, for a total value of $1,056,359.64. Following the completion of the transaction, the insider now owns 70,329 shares of the company's stock, valued at $3,170,431.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,659 shares of company stock valued at $3,652,848. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Ichor from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Craig Hallum assumed coverage on Ichor in a research report on Tuesday, April 9th. They issued a "buy" rating and a $55.00 target price for the company. Needham & Company LLC reissued a "buy" rating and issued a $42.00 target price on shares of Ichor in a research report on Tuesday, March 19th. B. Riley raised Ichor from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $40.00 to $48.00 in a research report on Friday, April 19th. Finally, TD Cowen boosted their target price on Ichor from $31.00 to $42.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.40.

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 and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.