Zacks: Analysts Anticipate Ultra Clean Holdings, Inc. (NASDAQ:UCTT) to Post $1.01 Earnings Per Share

Wall Street brokerages expect that Ultra Clean Holdings, Inc. (NASDAQ:UCTTGet Rating) will report earnings per share (EPS) of $1.01 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ultra Clean’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.02. Ultra Clean reported earnings per share of $0.92 in the same quarter last year, which indicates a positive year over year growth rate of 9.8%. The company is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Ultra Clean will report full-year earnings of $5.00 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.10. For the next fiscal year, analysts expect that the business will post earnings of $5.80 per share, with EPS estimates ranging from $5.70 to $5.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ultra Clean.

Ultra Clean (NASDAQ:UCTTGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The semiconductor company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.03. The firm had revenue of $615.14 million for the quarter, compared to analyst estimates of $605.72 million. Ultra Clean had a net margin of 5.68% and a return on equity of 22.20%. The business’s revenue for the quarter was up 66.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS.

UCTT has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, March 1st. Needham & Company LLC reduced their target price on shares of Ultra Clean from $66.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Finally, StockNews.com assumed coverage on shares of Ultra Clean in a report on Thursday, March 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $59.00.

In other Ultra Clean news, Director David T. Ibnale sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $45.68, for a total value of $1,142,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Clarence L. Granger sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, January 26th. The stock was sold at an average price of $50.83, for a total transaction of $152,490.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Green Alpha Advisors LLC lifted its position in shares of Ultra Clean by 1.0% in the 4th quarter. Green Alpha Advisors LLC now owns 20,007 shares of the semiconductor company’s stock worth $1,148,000 after purchasing an additional 196 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Ultra Clean by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the semiconductor company’s stock worth $1,245,000 after purchasing an additional 200 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Ultra Clean by 8.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,700 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 200 shares during the period. Huntington National Bank lifted its position in shares of Ultra Clean by 59.8% in the 3rd quarter. Huntington National Bank now owns 596 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 223 shares during the period. Finally, Intrust Bank NA lifted its position in shares of Ultra Clean by 4.9% in the 4th quarter. Intrust Bank NA now owns 4,943 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 232 shares during the period. 77.10% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:UCTT opened at $33.56 on Wednesday. The company’s fifty day moving average price is $41.41 and its 200-day moving average price is $48.66. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 0.93 and a beta of 1.99. Ultra Clean has a one year low of $32.58 and a one year high of $60.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.42 and a quick ratio of 1.62.

About Ultra Clean (Get Rating)

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.

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