$0.16 EPS Expected for Ultra Clean Holdings Inc (NASDAQ:UCTT) This Quarter

Equities analysts expect that Ultra Clean Holdings Inc (NASDAQ:UCTT) will announce $0.16 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Ultra Clean’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.14. Ultra Clean posted earnings per share of $0.30 in the same quarter last year, which would indicate a negative year-over-year growth rate of 46.7%. The company is expected to announce its next quarterly earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Ultra Clean will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.85. For the next fiscal year, analysts forecast that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $0.97 to $1.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Ultra Clean.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Ultra Clean had a negative net margin of 0.66% and a positive return on equity of 8.16%. The company had revenue of $265.40 million during the quarter, compared to analysts’ expectations of $255.42 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis.

Several research firms have recently commented on UCTT. Zacks Investment Research cut shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. BidaskClub upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price target on shares of Ultra Clean in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $17.63.

In other news, CFO Sheri Savage sold 22,574 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $13.13, for a total value of $296,396.62. Following the sale, the chief financial officer now directly owns 115,660 shares of the company’s stock, valued at approximately $1,518,615.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of Ultra Clean by 451.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,986 shares of the semiconductor company’s stock valued at $83,000 after purchasing an additional 6,537 shares during the last quarter. Bank of Montreal Can grew its holdings in Ultra Clean by 77.1% in the second quarter. Bank of Montreal Can now owns 8,175 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 3,559 shares during the last quarter. Tyers Asset Management LLC grew its holdings in Ultra Clean by 15.1% in the second quarter. Tyers Asset Management LLC now owns 8,400 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 1,104 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in Ultra Clean by 14.8% in the second quarter. Riverhead Capital Management LLC now owns 9,300 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Ultra Clean by 77.1% during the first quarter. Penserra Capital Management LLC now owns 9,315 shares of the semiconductor company’s stock worth $96,000 after buying an additional 4,056 shares during the period. 87.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of UCTT stock traded up $0.68 during mid-day trading on Monday, hitting $16.67. The stock had a trading volume of 25,677 shares, compared to its average volume of 322,503. Ultra Clean has a fifty-two week low of $6.94 and a fifty-two week high of $16.20. The firm has a market cap of $609.39 million, a PE ratio of 10.01, a PEG ratio of 1.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.93 and a quick ratio of 1.87. The company’s 50-day simple moving average is $13.15 and its 200-day simple moving average is $12.60.

Ultra Clean Company Profile

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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