Ultra Clean (NASDAQ:UCTT – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.160-0.360 for the period, compared to the consensus earnings per share 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.
Wall Street Analyst Weigh In
UCTT has been the subject of a number of analyst reports. TD Cowen boosted their price objective on shares of Ultra Clean from $47.00 to $55.00 and gave the company a buy rating in a report on Tuesday. Needham & Company LLC lifted their price target on Ultra Clean from $50.00 to $56.00 and gave the stock a buy rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Ultra Clean currently has a consensus rating of Moderate Buy and a consensus target price of $57.00.
Check Out Our Latest Stock Report on UCTT
Ultra Clean Stock Down 0.3 %
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. The business had revenue of $444.80 million for the quarter, compared to analyst estimates of $444.99 million. Ultra Clean had a positive return on equity of 1.69% and a negative net margin of 1.79%.
About Ultra Clean
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.
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