Analysts Anticipate Ichor Holdings Ltd (ICHR) to Post $0.53 EPS

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Equities research analysts predict that Ichor Holdings Ltd (NASDAQ:ICHR) will announce earnings per share (EPS) of $0.53 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ichor’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.53. Ichor reported earnings per share of $0.62 during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.5%. The company is scheduled to report its next earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Ichor will report full-year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.35. For the next year, analysts expect that the business will report earnings of $3.86 per share, with EPS estimates ranging from $3.45 to $4.35. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Ichor.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.27. The firm had revenue of $248.97 million during the quarter, compared to the consensus estimate of $236.39 million. Ichor had a net margin of 8.60% and a return on equity of 39.18%.

ICHR has been the subject of a number of research reports. BidaskClub downgraded shares of Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, June 19th. Zacks Investment Research cut Ichor from a “buy” rating to a “hold” rating in a research note on Tuesday, May 29th. Stifel Nicolaus raised their target price on Ichor from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, June 18th. Finally, ValuEngine upgraded Ichor from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $37.00.

In other Ichor news, Director Iain Mackenzie sold 4,680 shares of the firm’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $22.13, for a total value of $103,568.40. Following the sale, the director now directly owns 4,680 shares in the company, valued at $103,568.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Rubric Capital Management LP raised its stake in shares of Ichor by 159.6% during the first quarter. Rubric Capital Management LP now owns 1,673,220 shares of the technology company’s stock valued at $40,509,000 after purchasing an additional 1,028,679 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Ichor during the first quarter valued at about $23,286,000. Epoch Investment Partners Inc. bought a new stake in shares of Ichor during the first quarter valued at about $14,451,000. Dimensional Fund Advisors LP raised its stake in shares of Ichor by 103.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,158,654 shares of the technology company’s stock valued at $24,587,000 after purchasing an additional 587,943 shares in the last quarter. Finally, Selz Capital LLC raised its stake in shares of Ichor by 296.7% during the second quarter. Selz Capital LLC now owns 671,877 shares of the technology company’s stock valued at $14,257,000 after purchasing an additional 502,516 shares in the last quarter. Institutional investors own 81.72% of the company’s stock.

Ichor stock traded down $0.08 during mid-day trading on Tuesday, reaching $22.70. The company’s stock had a trading volume of 644,544 shares, compared to its average volume of 908,522. The company has a market cap of $554.89 million, a PE ratio of 9.42 and a beta of 4.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.99 and a quick ratio of 0.93. Ichor has a twelve month low of $17.86 and a twelve month high of $35.51.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

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