Ultra Clean (UCTT) Releases Q4 2018 Earnings Guidance

Ultra Clean (NASDAQ:UCTT) updated its fourth quarter 2018 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.22-0.32 for the period, compared to the Thomson Reuters consensus estimate of $0.30. The company issued revenue guidance of $240-260 million, compared to the consensus revenue estimate of $224.06 million.Ultra Clean also updated its Q4 guidance to $0.22-0.32 EPS.

Several research firms have commented on UCTT. Craig Hallum dropped their target price on Ultra Clean from $24.00 to $15.00 and set a buy rating on the stock in a report on Wednesday. BidaskClub raised Ultra Clean from a strong sell rating to a sell rating in a report on Friday, November 2nd. TheStreet downgraded Ultra Clean from a b- rating to a c+ rating in a report on Tuesday, October 9th. Standpoint Research raised Ultra Clean from a hold rating to a buy rating in a report on Tuesday, August 28th. Finally, Zacks Investment Research downgraded Ultra Clean from a hold rating to a strong sell rating in a report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $23.20.

Ultra Clean stock traded down $0.02 during mid-day trading on Thursday, hitting $10.28. The company had a trading volume of 20,565 shares, compared to its average volume of 674,379. Ultra Clean has a 12 month low of $9.52 and a 12 month high of $27.20. The company has a market capitalization of $448.53 million, a price-to-earnings ratio of 4.39, a price-to-earnings-growth ratio of 0.44 and a beta of 0.76.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Tuesday, November 6th. The semiconductor company reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Ultra Clean had a return on equity of 20.53% and a net margin of 5.38%. The business had revenue of $234.08 million for the quarter, compared to the consensus estimate of $224.06 million. During the same period in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities analysts expect that Ultra Clean will post 1.87 EPS for the current fiscal year.

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About Ultra Clean

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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