Ultra Clean (NASDAQ:UCTT - Get Free Report) updated its second quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.160-0.360 for the period, compared to the consensus estimate of 0.260. The company issued revenue guidance of $465.0 million-$515.0 million, compared to the consensus revenue estimate of $465.9 million. Ultra Clean also updated its Q2 guidance to $0.16-0.36 EPS.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Needham & Company LLC increased their target price on shares of Ultra Clean from $46.00 to $50.00 and gave the company a buy rating in a research report on Thursday, February 22nd. TD Cowen boosted their target price on Ultra Clean from $32.00 to $47.00 and gave the stock an outperform rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Ultra Clean has a consensus rating of Moderate Buy and a consensus price target of $52.33.
Read Our Latest Analysis on Ultra Clean
Ultra Clean Stock Performance
Ultra Clean stock traded up $0.85 during trading hours on Monday, hitting $42.96. 199,030 shares of the stock traded hands, compared to its average volume of 311,352. Ultra Clean has a 1 year low of $22.15 and a 1 year high of $49.25. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -62.26 and a beta of 2.02. 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 firm's 50 day moving average price is $43.73 and its 200-day moving average price is $36.41.
Ultra Clean (NASDAQ:UCTT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%. The company had revenue of $444.80 million for the quarter, compared to the consensus estimate of $444.99 million.
Ultra Clean Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Ultra Clean, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ultra Clean wasn't on the list.
While Ultra Clean currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
