Wall Street brokerages expect Ichor Holdings Ltd (NASDAQ:ICHR) to post earnings of $0.53 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ichor’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.54. Ichor posted earnings per share of $0.62 during the same quarter last year, which would indicate a negative year-over-year growth rate of 14.5%. The company is expected to announce its next earnings report after the market closes on Tuesday, November 6th.

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 financial year, analysts expect that the business will post earnings of $3.86 per share, with EPS estimates ranging from $3.45 to $4.35. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Ichor.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.27. The firm had revenue of $248.97 million for the quarter, compared to analyst estimates of $236.39 million. Ichor had a return on equity of 38.00% and a net margin of 8.60%.

ICHR has been the topic of a number of recent research reports. Zacks Investment Research raised Ichor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 11th. BidaskClub lowered Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Cowen set a $32.00 price objective on Ichor and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. Royal Bank of Canada lowered their price objective on Ichor from $40.00 to $33.00 and set a “$20.46” rating on the stock in a research note on Wednesday, July 18th. Finally, ValuEngine lowered Ichor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $36.00.

Shares of NASDAQ:ICHR opened at $18.31 on Friday. The company has a market capitalization of $497.40 million, a PE ratio of 7.60 and a beta of 5.13. The company has a current ratio of 2.10, a quick ratio of 1.00 and a debt-to-equity ratio of 0.73. Ichor has a 1 year low of $17.70 and a 1 year high of $35.51.

In other news, CFO Jeff Andreson acquired 5,200 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were purchased at an average price of $24.22 per share, for a total transaction of $125,944.00. Following the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $242,200. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Ichor by 35.1% in the 2nd quarter. BlackRock Inc. now owns 1,603,700 shares of the technology company’s stock valued at $34,030,000 after buying an additional 416,283 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Ichor by 103.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,158,654 shares of the technology company’s stock valued at $24,587,000 after buying an additional 587,943 shares during the period. Selz Capital LLC raised its holdings in shares of Ichor by 296.7% in the 2nd quarter. Selz Capital LLC now owns 671,877 shares of the technology company’s stock valued at $14,257,000 after buying an additional 502,516 shares during the period. Federated Investors Inc. PA raised its holdings in shares of Ichor by 1.1% in the 2nd quarter. Federated Investors Inc. PA now owns 486,746 shares of the technology company’s stock valued at $10,329,000 after buying an additional 5,099 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of Ichor by 115.8% in the 2nd quarter. Royce & Associates LP now owns 460,813 shares of the technology company’s stock valued at $9,778,000 after buying an additional 247,300 shares during the period. Hedge funds and other institutional investors own 87.20% of the company’s stock.

Ichor Company Profile

Ichor Holdings Ltd. engages in the design, engineering, and manufacturing of fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems and manufactures components for internal use in fluid delivery systems and for direct sales of the customers. The gas delivery subsystems deliver, monitor, and control precise quantities of the specialized gases used in semiconductor manufacturing processes such as etch and deposition.

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