Stock research analysts expect Ichor Holdings Ltd (NASDAQ: ICHR) to report sales of $ 179.78 million for the current quarter, Zacks reports. Three analysts have provided estimates for Ichor's income. The lowest sales estimate is $ 179.30 million and the highest is $ 180.05 million. Ichor posted sales of $ 164.52 million in the same quarter, indicating positive annual growth of 9.3%. The company is scheduled to release the next revenue results on Thursday, November 8th.
According to Zacks, analysts expect that Ichor will report annual sales of $ 892.08 million for the current fiscal year, with estimates ranging from $ 886.24 million to $ 897.00 million. For the following year, analysts expect the company to report sales of $ 998.38 million per share, with estimates ranging from $ 950.15 million to $ 1.03 billion. The sales averages of Zacks Investment Research are an average based on a survey of selling research firms following Ichor.
Ichor (NASDAQ: ICHR) last announced its earnings on Tuesday 7 August. The technology company reported $ 1.02 EPS for the quarter on top of the Thomson Reuters consensus estimate of $ 0.75 with $ 0.27. Ichor had a net margin of 8.60% and a return on equity of 38.00%. The company had sales of $ 248.97 million for the quarter compared with analysts' expectations of $ 236.39 million.
Several research analysts have recently commented on the shares. ValuEngine reduced Ichor's shares from a & # 39; buy & # 39; credit to a & # 39; hold & # 39; rating in a report on Wednesday, May 2. BidaskClub raised Ichor's shares of a "sell" rating to a "hold" rating in a report on Wednesday, May 9. Zacks Investment Research reduced Ichor's shares from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; rating in a report on Thursday, June 21. Stifel Nicolaus raised their target price on Ichor shares from $ 44.00 to $ 48.00 and gave the shares a & # 39; buy & # 39; credit rating in a report on Monday, June 18. Finally, Royal Bank of Canada lowered their target price on Ichor shares from $ 40.00 to $ 33.00 and placed a "$ 20.46" rating on the shares in a report on Wednesday, July 18th. Two analysts have rated the shares with a sell rating, one has issued a hold rating, four have given a buy rating and one has a strong buy-rating assigned to the shares. The company currently has a consensus score of "Buying" and a consensus target price of $ 37.00.
The shares of ICHR opened Friday at $ 24.16. Ichor has a 12-month low of $ 18.76 and a 12-month peak of $ 35.51. The company has a market capitalization of $ 544.17 million, a PE ratio of 10.02 and a beta of 4.67. The company has a current ratio of 2.10, a quick ratio of 1.00 and a debt-to-equity ratio of 0.73.
In other news, director Iain Mackenzie sold 4,680 of the company's shares in a transaction that took place on Monday 9 July. The shares were sold at an average price of $ 22.13 for a total transaction of $ 103,568.40. After the transaction, the director now owns 4,680 shares of the company, valued at $ 103,568.40. The sale was announced in a legal application to the Securities & Exchange Commission, which is accessible via the SEC website. 2.20% of the shares are currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the shares. SG Americas Securities LLC acquired a new equity stake in Ichor in the second quarter of approximately $ 146,000. Hershey Trust Co. strengthened its position in Ichor shares by 100.0% during the 1st quarter. Hershey Trust Co. now owns 9,043 shares from the share capital of the technology company valued at $ 219,000 after the acquisition of 4,522 additional shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Ichor shares worth approximately $ 202,000 in the second quarter. Capital fund management S.A. acquired a new share in Ichor shares worth approximately $ 223,000 in the second quarter. Finally, Balter Liquid Alternatives LLC acquired a new stake in Ichor shares in the first quarter of approximately $ 261,000. Institutional investors and hedge funds hold 88.38% of the company's shares.
Ichor Holdings, Ltd. is engaged in the design, engineering and production of subsystems and liquid delivery components for semiconductor devices in the United States, the United Kingdom, Singapore, Malaysia and South Korea. It mainly provides subsystems for the supply of gas and chemicals used in the production of semiconductor devices.
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