Ultra Clean (NASDAQ:UCTT – Get Free Report) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.16-0.36 for the period, compared to the consensus earnings per share estimate of $0.26. The company issued revenue guidance of $465-515 million, compared to the consensus revenue estimate of $465.87 million.
Wall Street Analyst Weigh In
Several analysts have issued reports on UCTT shares. Needham & Company LLC boosted their price objective on Ultra Clean from $46.00 to $50.00 and gave the stock a buy rating in a report on Thursday, February 22nd. TD Cowen raised their target price on Ultra Clean from $32.00 to $47.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $52.33.
Check Out Our Latest Research Report on Ultra Clean
Ultra Clean Price Performance
Ultra Clean (NASDAQ:UCTT – Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. The firm had revenue of $444.80 million for the quarter, compared to analysts’ expectations of $444.99 million. Ultra Clean had a positive return on equity of 1.69% and a negative net margin of 1.79%.
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.
Featured Stories
- Five stocks we like better than Ultra Clean
- What Investors Need to Know About Upcoming IPOs
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- How to Calculate Return on Investment (ROI)
- 3 Value Stocks You Can Buy Before They Become Big
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Chinese Stocks Stage Impressive Rebound
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.