Ultra Clean (UCTT) Set to Announce Earnings on Monday

Ultra Clean (NASDAQ:UCTT) is scheduled to be announcing its earnings results after the market closes on Monday, May 6th. Ultra Clean has set its Q1 guidance at $0.03-$0.23 EPS and its Q1 2024 guidance at 0.030-0.230 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 EPS for the quarter. Ultra Clean had a positive return on equity of 1.69% and a negative net margin of 1.79%. The firm had revenue of $444.80 million for the quarter, compared to analysts’ expectations of $444.99 million.

Ultra Clean Stock Up 2.8 %

UCTT opened at $41.96 on Monday. Ultra Clean has a 12 month low of $22.15 and a 12 month high of $49.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.88 and a quick ratio of 1.67. The stock has a market cap of $1.87 billion, a P/E ratio of -60.81 and a beta of 2.03. The stock’s 50 day moving average price is $43.94 and its 200 day moving average price is $35.76.

Wall Street Analysts Forecast Growth

Several analysts recently commented on UCTT shares. TD Cowen raised their target price on Ultra Clean from $32.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Needham & Company LLC lifted their price target on Ultra Clean from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

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.