Ultra Clean (UCTT) Scheduled to Post Quarterly Earnings on Monday

Ultra Clean (NASDAQ:UCTT) will announce 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.Individual interested in listening to the company’s earnings conference call can do so using this link.

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

Ultra Clean Trading Up 2.6 %

UCTT stock opened at $42.11 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.51. Ultra Clean has a 12-month low of $22.15 and a 12-month high of $49.25. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -61.03 and a beta of 2.02. The business’s 50-day moving average is $43.77 and its 200 day moving average is $36.21.

Wall Street Analyst Weigh In

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