Ultra Clean (UCTT) Scheduled to Post Earnings on Monday

Ultra Clean (NASDAQ:UCTT - Get Free Report) is scheduled to post its quarterly earnings results 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.Individual interested in registering for the company's earnings conference call can do so using this link.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%. The business had revenue of $444.80 million during the quarter, compared to the consensus estimate of $444.99 million.

Ultra Clean Trading Up 1.7 %

UCTT traded up $0.71 during trading hours on Monday, reaching $42.67. The company's stock had a trading volume of 150,056 shares, compared to its average volume of 317,702. The stock has a market cap of $1.91 billion, a PE ratio of -61.80 and a beta of 2.03. Ultra Clean has a fifty-two week low of $22.15 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.88 and a quick ratio of 1.67. The business's 50-day moving average is $43.94 and its 200-day moving average is $35.76.

Wall Street Analysts Forecast Growth

UCTT has been the topic of several recent analyst reports. Needham & Company LLC upped their price target on Ultra Clean from $46.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. TD Cowen upped their target price on shares of Ultra Clean from $32.00 to $47.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.