Ultra Clean (NASDAQ:UCTT) Releases Q4 Earnings Guidance

Ultra Clean (NASDAQ:UCTT) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.34-$0.54 for the period, compared to the consensus earnings per share estimate of $0.43. The company issued revenue guidance of $535-$585 million, compared to the consensus revenue estimate of $531.01 million.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Craig Hallum upped their price objective on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Needham & Company LLC restated a “buy” rating and set a $56.00 price target on shares of Ultra Clean in a research note on Friday, July 26th. Oppenheimer initiated coverage on shares of Ultra Clean in a research note on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target on the stock. Finally, TD Cowen increased their price target on shares of Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $61.50.

Ultra Clean Stock Performance

Ultra Clean stock traded down $0.54 during mid-day trading on Monday, reaching $35.05. The company had a trading volume of 660,680 shares, compared to its average volume of 360,880. The company has a quick ratio of 1.60, a current ratio of 2.73 and a debt-to-equity ratio of 0.52. Ultra Clean has a 52 week low of $23.26 and a 52 week high of $56.47. The company has a 50 day moving average of $36.76 and a 200-day moving average of $42.16. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -43.17 and a beta of 2.08.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (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 during the quarter, compared to analysts’ expectations of $490.06 million. During the same quarter in the prior year, the company posted $0.16 EPS. The business’s revenue was up 22.4% on a year-over-year basis. On average, sell-side analysts expect that Ultra Clean will post 1.1 EPS for the current fiscal year.

Ultra Clean Company Profile

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.