Ultra Clean (UCTT) to Release Quarterly Earnings on Monday

Ultra Clean (NASDAQ:UCTT) will post its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect Ultra Clean to post earnings of $0.36 per share for the quarter. Ultra Clean has set its Q3 guidance at $0.22-0.42 EPS and its Q3 2024 guidance at 0.220-0.420 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.21 EPS for the quarter. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The company had revenue of $516.10 million for the quarter, compared to analyst estimates of $490.06 million. During the same quarter in the prior year, the business posted $0.16 EPS. Ultra Clean’s quarterly revenue was up 22.4% on a year-over-year basis. On average, analysts expect Ultra Clean to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $37.02 on Monday. Ultra Clean has a 1 year low of $22.15 and a 1 year high of $56.47. The firm’s fifty day simple moving average is $36.99 and its 200 day simple moving average is $42.53. The company has a current ratio of 2.73, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.67 billion, a PE ratio of -194.84 and a beta of 2.08.

Analyst Ratings Changes

A number of research analysts recently issued reports on UCTT shares. TD Cowen raised their target price on shares of Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price objective on shares of Ultra Clean in a report on Friday, July 26th. Oppenheimer assumed coverage on shares of Ultra Clean in a report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target for the company. Finally, Craig Hallum raised their price objective on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ultra Clean has an average rating of “Buy” and an average target price of $61.50.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.