Ichor (NASDAQ:ICHR) Updates Q2 2019 Earnings Guidance

Ichor (NASDAQ:ICHR) updated its second quarter 2019 earnings guidance on Tuesday. The company provided EPS guidance of $0.20-0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.34. The company issued revenue guidance of $133-143 million, compared to the consensus revenue estimate of $143.41 million.Ichor also updated its Q2 guidance to $0.20-0.26 EPS.

A number of equities research analysts have weighed in on ICHR shares. Northland Securities cut Ichor from an outperform rating to a market perform rating and boosted their price objective for the company from $22.00 to $25.00 in a research note on Wednesday, May 8th. Zacks Investment Research lowered Ichor from a hold rating to a strong sell rating in a research note on Tuesday, May 14th. BidaskClub downgraded Ichor from a buy rating to a hold rating in a research report on Thursday, May 9th. Cowen restated an outperform rating and issued a $26.00 price objective (up from $24.00) on shares of Ichor in a report on Wednesday, May 8th. Finally, B. Riley started coverage on Ichor in a report on Thursday, May 16th. They issued a buy rating and a $32.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $28.00.

Shares of Ichor stock opened at $21.78 on Friday. Ichor has a 1-year low of $14.23 and a 1-year high of $27.06. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.01 and a current ratio of 2.27. The firm has a market cap of $487.42 million, a price-to-earnings ratio of 7.81 and a beta of 2.84.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.06). Ichor had a return on equity of 22.62% and a net margin of 6.07%. The firm had revenue of $137.80 million during the quarter, compared to the consensus estimate of $135.39 million. During the same period in the prior year, the firm posted $1.03 EPS. The firm’s quarterly revenue was down 46.6% on a year-over-year basis. On average, research analysts forecast that Ichor will post 1.12 EPS for the current fiscal year.

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About Ichor

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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Earnings History and Estimates for Ichor (NASDAQ:ICHR)

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