Analysts expect that Ichor Holdings Ltd (NASDAQ:ICHR) will announce $144.99 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ichor’s earnings. The highest sales estimate is $145.17 million and the lowest is $144.80 million. Ichor reported sales of $182.94 million in the same quarter last year, which indicates a negative year-over-year growth rate of 20.7%. The firm is scheduled to announce its next earnings results on Wednesday, February 6th.

On average, analysts expect that Ichor will report full year sales of $827.19 million for the current financial year, with estimates ranging from $827.00 million to $827.38 million. For the next fiscal year, analysts forecast that the company will report sales of $781.68 million, with estimates ranging from $743.00 million to $822.05 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Ichor.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $175.20 million for the quarter, compared to the consensus estimate of $179.84 million. Ichor had a net margin of 7.95% and a return on equity of 35.38%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Ichor from a “hold” rating to a “sell” rating in a report on Friday, October 26th. Cowen dropped their price objective on shares of Ichor from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, November 7th. BidaskClub raised shares of Ichor from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. Royal Bank of Canada downgraded shares of Ichor from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $28.00 to $20.00 in a report on Wednesday, November 7th. Finally, Stifel Nicolaus set a $41.00 price objective on shares of Ichor and gave the company a “buy” rating in a report on Tuesday, October 23rd. Three 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 assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $32.00.

Shares of ICHR stock traded up $0.68 during trading hours on Friday, hitting $16.09. The company’s stock had a trading volume of 47,577 shares, compared to its average volume of 724,101. The company has a market capitalization of $365.65 million, a P/E ratio of 6.68 and a beta of 3.82. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 1.03. Ichor has a 12-month low of $15.10 and a 12-month high of $34.78.

In other news, CFO Jeff Andreson purchased 5,200 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were purchased at an average cost of $24.22 per share, with a total value of $125,944.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $242,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Ichor during the second quarter valued at $146,000. Teachers Retirement System of The State of Kentucky purchased a new position in Ichor during the third quarter valued at $159,000. State of Alaska Department of Revenue purchased a new position in Ichor during the third quarter valued at $163,000. Engineers Gate Manager LP purchased a new position in Ichor during the second quarter valued at $202,000. Finally, Louisiana State Employees Retirement System purchased a new position in Ichor during the third quarter valued at $218,000. 82.77% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Company Profile

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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