Zacks: Analysts Expect Ultra Clean Holdings Inc (UCTT) to Post $0.17 EPS

Analysts expect Ultra Clean Holdings Inc (NASDAQ:UCTT) to announce earnings of $0.17 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Ultra Clean’s earnings, with estimates ranging from $0.16 to $0.19. Ultra Clean reported earnings per share of $0.55 in the same quarter last year, which suggests a negative year-over-year growth rate of 69.1%. The firm is scheduled to report its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that Ultra Clean will report full year earnings of $0.86 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $0.95. For the next financial year, analysts expect that the firm will report earnings of $1.31 per share, with EPS estimates ranging from $1.00 to $1.50. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ultra Clean.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.08. The firm had revenue of $260.00 million for the quarter, compared to analysts’ expectations of $240.71 million. Ultra Clean had a net margin of 1.20% and a return on equity of 11.20%. The company’s quarterly revenue was down 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share.

Several brokerages have weighed in on UCTT. Dougherty & Co reaffirmed a “buy” rating and set a $18.50 price objective (up from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. Cowen reaffirmed an “outperform” rating and set a $20.00 price objective (up from $16.00) on shares of Ultra Clean in a research note on Friday, May 3rd. BidaskClub raised shares of Ultra Clean from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Zacks Investment Research cut shares of Ultra Clean from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Finally, ValuEngine cut shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $19.70.

In other news, CFO Sheri Savage sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $10.17, for a total transaction of $305,100.00. Following the transaction, the chief financial officer now directly owns 135,491 shares in the company, valued at $1,377,943.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joan Sterling sold 38,384 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.49, for a total transaction of $517,800.16. Following the transaction, the senior vice president now owns 45,518 shares in the company, valued at $614,037.82. The disclosure for this sale can be found here. Insiders have sold 77,054 shares of company stock worth $945,581 over the last quarter. 1.90% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in UCTT. Benjamin F. Edwards & Company Inc. lifted its position in shares of Ultra Clean by 57.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,362 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 1,231 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in shares of Ultra Clean during the first quarter worth approximately $33,000. Bank of Montreal Can lifted its position in shares of Ultra Clean by 170.5% during the fourth quarter. Bank of Montreal Can now owns 4,184 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 2,637 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Ultra Clean by 104.7% during the fourth quarter. Advisory Services Network LLC now owns 4,565 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 2,335 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in shares of Ultra Clean during the fourth quarter worth approximately $44,000. Institutional investors own 93.93% of the company’s stock.

Ultra Clean stock traded down $0.11 during trading hours on Friday, hitting $12.60. 216,187 shares of the stock were exchanged, compared to its average volume of 556,820. The company has a current ratio of 3.03, a quick ratio of 1.88 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $495.61 million, a price-to-earnings ratio of 7.59, a P/E/G ratio of 1.10 and a beta of 1.21. Ultra Clean has a 12 month low of $6.94 and a 12 month high of $19.09.

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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