Ultra Clean (UCTT) Scheduled to Post Earnings on Monday

Ultra Clean (NASDAQ:UCTT) will release its earnings data after the market closes on Monday, October 28th. Analysts expect Ultra Clean to post earnings of $0.36 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.21 EPS for the quarter. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. The company had revenue of $516.10 million for the quarter, compared to analysts’ expectations of $490.06 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. On average, analysts expect Ultra Clean to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ultra Clean Stock Up 1.5 %

NASDAQ:UCTT opened at $35.59 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.73 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average is $36.76 and its two-hundred day moving average is $42.21. Ultra Clean has a 52 week low of $23.23 and a 52 week high of $56.47. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -43.40 and a beta of 2.08.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UCTT. Craig Hallum increased their price objective on Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $56.00 price objective on shares of Ultra Clean in a research note on Friday, July 26th. TD Cowen increased their price objective on Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Oppenheimer began coverage on Ultra Clean in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $61.50.

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.