Analysts Anticipate Ultra Clean Holdings Inc (UCTT) to Post $0.28 Earnings Per Share

Equities analysts expect Ultra Clean Holdings Inc (NASDAQ:UCTT) to report $0.28 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ultra Clean’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.22. Ultra Clean reported earnings per share of $0.59 during the same quarter last year, which indicates a negative year-over-year growth rate of 52.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Ultra Clean will report full-year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.90. For the next fiscal year, analysts forecast that the business will report earnings of $1.74 per share, with EPS estimates ranging from $1.35 to $2.15. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Ultra Clean.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Tuesday, November 6th. The semiconductor company reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. The business had revenue of $234.08 million for the quarter, compared to analyst estimates of $224.06 million. Ultra Clean had a return on equity of 19.76% and a net margin of 5.38%. Ultra Clean’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 EPS.

A number of research analysts have commented on UCTT shares. BidaskClub upgraded Ultra Clean from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th. Standpoint Research upgraded Ultra Clean from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research lowered Ultra Clean from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. Cowen decreased their price objective on Ultra Clean from $28.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 18th. Finally, TheStreet lowered Ultra Clean from a “b-” rating to a “c+” rating in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Ultra Clean presently has a consensus rating of “Hold” and a consensus price target of $23.20.

NASDAQ UCTT opened at $8.75 on Thursday. The company has a market cap of $347.62 million, a P/E ratio of 3.74, a price-to-earnings-growth ratio of 0.35 and a beta of 0.76. Ultra Clean has a one year low of $8.57 and a one year high of $27.20. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.63 and a current ratio of 2.76.

A number of institutional investors and hedge funds have recently made changes to their positions in UCTT. Deutsche Bank AG boosted its position in Ultra Clean by 432.1% in the 3rd quarter. Deutsche Bank AG now owns 1,017,075 shares of the semiconductor company’s stock valued at $12,761,000 after buying an additional 825,921 shares during the last quarter. Divisar Capital Management LLC bought a new position in Ultra Clean in the 3rd quarter valued at $7,280,000. Paradigm Capital Management Inc. NY boosted its position in Ultra Clean by 93.2% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,189,200 shares of the semiconductor company’s stock valued at $19,741,000 after buying an additional 573,746 shares during the last quarter. BlackRock Inc. boosted its position in Ultra Clean by 10.8% in the 2nd quarter. BlackRock Inc. now owns 5,570,011 shares of the semiconductor company’s stock valued at $92,462,000 after buying an additional 542,728 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Ultra Clean by 15.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,164,512 shares of the semiconductor company’s stock valued at $39,714,000 after buying an additional 419,419 shares during the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.

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.

See Also: Cost of Equity For A Business, Investors

Get a free copy of the Zacks research report on Ultra Clean (UCTT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply