Ultra Clean (UCTT) Scheduled to Post Earnings on Monday

Ultra Clean (NASDAQ:UCTT) will post its quarterly 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%. The business had revenue of $444.80 million for the quarter, compared to the consensus estimate of $444.99 million.

Ultra Clean Price Performance

Shares of NASDAQ:UCTT opened at $42.11 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.88 and a quick ratio of 1.67. Ultra Clean has a 1-year low of $22.15 and a 1-year high of $49.25. The company has a market capitalization of $1.88 billion, a P/E ratio of -61.03 and a beta of 2.02. The firm’s 50 day simple moving average is $43.77 and its two-hundred day simple moving average is $36.14.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. TD Cowen boosted their price objective on shares of 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 increased their price target on shares of Ultra Clean from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ultra Clean presently has a consensus rating of “Moderate Buy” and an average 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.