Analysts Expect Ultra Clean Holdings, Inc. (NASDAQ:UCTT) to Announce $0.63 Earnings Per Share
Brokerages predict that Ultra Clean Holdings, Inc. (NASDAQ:UCTT) will report earnings of $0.63 per share for the current quarter, Zacks reports. Two analysts have made estimates for Ultra Clean Holdings’ earnings. The lowest EPS estimate is $0.62 and the highest is $0.65. Ultra Clean Holdings reported earnings per share of $0.17 during the same quarter last year, which suggests a positive year over year growth rate of 270.6%. The company is expected to issue its next earnings report on Wednesday, October 25th.
On average, analysts expect that Ultra Clean Holdings will report full-year earnings of $1.96 per share for the current financial year, with EPS estimates ranging from $1.64 to $2.25. For the next fiscal year, analysts forecast that the firm will report earnings of $2.18 per share, with EPS estimates ranging from $1.90 to $2.45. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Ultra Clean Holdings.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 24.16%. The business had revenue of $228.26 million during the quarter, compared to analysts’ expectations of $213.92 million. During the same period in the prior year, the company earned $0.10 earnings per share. The business’s revenue was up 75.8% compared to the same quarter last year.
UCTT has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Monday, July 10th. Cowen and Company initiated coverage on shares of Ultra Clean Holdings in a report on Thursday, June 15th. They issued a “market perform” rating and a $26.00 target price on the stock. ValuEngine upgraded shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Ultra Clean Holdings currently has a consensus rating of “Buy” and a consensus price target of $27.83.
In other Ultra Clean Holdings news, CFO Sheri Brumm sold 20,512 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total transaction of $468,699.20. Following the sale, the chief financial officer now owns 170,939 shares of the company’s stock, valued at approximately $3,905,956.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Leonid Mezhvinsky sold 6,800 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $23.26, for a total transaction of $158,168.00. Following the sale, the director now directly owns 33,500 shares in the company, valued at approximately $779,210. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,484 shares of company stock worth $2,119,172. 2.60% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UCTT. Gotham Asset Management LLC acquired a new position in Ultra Clean Holdings during the first quarter worth about $507,000. Systematic Financial Management LP purchased a new stake in shares of Ultra Clean Holdings during the first quarter worth $4,088,000. State Board of Administration of Florida Retirement System increased its stake in shares of Ultra Clean Holdings by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock worth $213,000 after buying an additional 69 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of Ultra Clean Holdings during the first quarter worth $309,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Ultra Clean Holdings during the first quarter worth $558,000. Institutional investors own 83.09% of the company’s stock.
Ultra Clean Holdings (NASDAQ UCTT) traded up 5.12% on Monday, reaching $23.21. 1,054,344 shares of the company traded hands. The company has a 50-day moving average price of $21.71 and a 200-day moving average price of $18.37. The company has a market capitalization of $775.96 million, a P/E ratio of 16.79 and a beta of 1.19. Ultra Clean Holdings has a 12 month low of $6.24 and a 12 month high of $26.21.
About Ultra Clean Holdings
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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