Ultra Clean (NASDAQ:UCTT) Updates Q4 Earnings Guidance

Ultra Clean (NASDAQ:UCTT) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.34-$0.54 for the period, compared to the consensus earnings per share estimate of $0.43. The company issued revenue guidance of $535-$585 million, compared to the consensus revenue estimate of $531.01 million. Ultra Clean also updated its Q4 2024 guidance to 0.340-0.540 EPS.

Ultra Clean Stock Performance

Shares of UCTT stock opened at $35.05 on Tuesday. The company has a current ratio of 2.73, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $36.67 and a 200-day simple moving average of $42.09. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -42.74 and a beta of 2.08. Ultra Clean has a 12-month low of $23.26 and a 12-month high of $56.47.

Wall Street Analysts Forecast Growth

UCTT has been the topic of several research analyst reports. TD Cowen boosted their target price on shares of Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Oppenheimer started coverage on shares of Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 target price on the stock. Craig Hallum increased their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Needham & Company LLC decreased their target price on Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday. Four research analysts have rated the stock with a buy rating, According to MarketBeat, Ultra Clean has an average rating of “Buy” and an average price target of $58.50.

Ultra Clean Company Profile

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.