Analysts forecast that Ichor Holdings Ltd (NASDAQ:ICHR) will announce $150.08 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Ichor’s earnings, with the lowest sales estimate coming in at $150.00 million and the highest estimate coming in at $150.30 million. Ichor posted sales of $175.21 million during the same quarter last year, which would indicate a negative year over year growth rate of 14.3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Ichor will report full year sales of $589.98 million for the current fiscal year, with estimates ranging from $579.00 million to $610.80 million. For the next year, analysts forecast that the company will post sales of $724.00 million, with estimates ranging from $660.00 million to $800.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Ichor.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The company had revenue of $139.20 million during the quarter, compared to analyst estimates of $138.31 million. Ichor had a net margin of 2.52% and a return on equity of 12.97%. Ichor’s revenue was down 44.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 earnings per share.
A number of equities research analysts have weighed in on the stock. Stifel Nicolaus set a $31.00 price target on shares of Ichor and gave the company a “buy” rating in a report on Wednesday, August 7th. Northland Securities cut shares of Ichor from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $22.00 to $25.00 in a research note on Wednesday, May 8th. Cowen reissued an “outperform” rating and set a $26.00 target price (up previously from $24.00) on shares of Ichor in a research note on Wednesday, May 8th. B. Riley started coverage on shares of Ichor in a research note on Thursday, May 16th. They set a “buy” rating and a $32.00 target price for the company. Finally, Zacks Investment Research cut shares of Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.88.
Shares of ICHR stock traded down $0.11 on Monday, reaching $20.52. 13,736 shares of the company were exchanged, compared to its average volume of 283,940. The company has a market cap of $462.94 million, a P/E ratio of 7.35 and a beta of 2.70. The firm has a 50-day moving average of $23.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.29 and a current ratio of 2.29. Ichor has a 1 year low of $14.23 and a 1 year high of $27.12.
Several large investors have recently bought and sold shares of the business. Aperio Group LLC acquired a new stake in shares of Ichor in the second quarter valued at about $98,000. Flinton Capital Management LLC boosted its holdings in Ichor by 20.3% in the second quarter. Flinton Capital Management LLC now owns 4,176 shares of the technology company’s stock worth $99,000 after acquiring an additional 704 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Ichor by 75,966.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,564 shares of the technology company’s stock worth $103,000 after acquiring an additional 4,558 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Ichor by 21.1% in the second quarter. Riverhead Capital Management LLC now owns 4,600 shares of the technology company’s stock worth $109,000 after acquiring an additional 800 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Ichor by 83.9% in the second quarter. Bank of Montreal Can now owns 4,734 shares of the technology company’s stock worth $112,000 after acquiring an additional 2,160 shares in the last quarter. 91.95% of the stock is currently owned by hedge funds and other institutional investors.
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.
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