Zacks: Analysts Expect Ultra Clean Holdings, Inc. (UCTT) Will Post Earnings of $0.60 Per Share

Equities analysts expect that Ultra Clean Holdings, Inc. (NASDAQ:UCTT) will report $0.60 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Ultra Clean Holdings’ earnings. The lowest EPS estimate is $0.59 and the highest is $0.61. Ultra Clean Holdings posted earnings of $0.36 per share during the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The firm is expected to issue its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Ultra Clean Holdings will report full-year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.30 to $2.40. For the next year, analysts anticipate that the business will post earnings of $2.50 per share, with EPS estimates ranging from $2.45 to $2.58. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Ultra Clean Holdings.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). The business had revenue of $242.60 million for the quarter, compared to the consensus estimate of $239.11 million. Ultra Clean Holdings had a return on equity of 29.77% and a net margin of 8.13%. Ultra Clean Holdings’s revenue for the quarter was up 65.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS.

A number of brokerages have recently issued reports on UCTT. Dougherty & Co increased their price target on shares of Ultra Clean Holdings from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Needham & Company LLC lowered their price target on shares of Ultra Clean Holdings from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. BidaskClub downgraded shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Cowen and Company set a $26.00 price target on shares of Ultra Clean Holdings and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.67.

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Shares of Ultra Clean Holdings (NASDAQ UCTT) traded up $0.72 during trading hours on Friday, reaching $25.01. 881,223 shares of the company’s stock were exchanged, compared to its average volume of 982,237. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.06 and a quick ratio of 1.09. The company has a market capitalization of $841.02, a price-to-earnings ratio of 11.73, a PEG ratio of 0.69 and a beta of 1.11. Ultra Clean Holdings has a 12-month low of $9.25 and a 12-month high of $34.59.

In related news, SVP Ronald D’ercole sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $30.47, for a total value of $44,394.79. Following the sale, the senior vice president now directly owns 69,233 shares of the company’s stock, valued at $2,109,529.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David T. Ibnale sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total transaction of $229,500.00. Following the completion of the sale, the director now directly owns 76,000 shares in the company, valued at $1,744,200. The disclosure for this sale can be found here. Insiders sold 49,560 shares of company stock worth $1,309,311 over the last ninety days. 2.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in UCTT. Dimensional Fund Advisors LP raised its stake in shares of Ultra Clean Holdings by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,818,688 shares of the semiconductor company’s stock worth $52,850,000 after acquiring an additional 39,357 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Ultra Clean Holdings by 32.3% during the second quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock worth $30,691,000 after acquiring an additional 399,627 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Ultra Clean Holdings by 17.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 629,800 shares of the semiconductor company’s stock worth $19,284,000 after acquiring an additional 94,000 shares in the last quarter. State Street Corp raised its stake in shares of Ultra Clean Holdings by 14.0% during the second quarter. State Street Corp now owns 601,912 shares of the semiconductor company’s stock worth $11,285,000 after acquiring an additional 74,084 shares in the last quarter. Finally, ClariVest Asset Management LLC raised its stake in shares of Ultra Clean Holdings by 1,231.9% during the second quarter. ClariVest Asset Management LLC now owns 479,084 shares of the semiconductor company’s stock worth $8,982,000 after acquiring an additional 443,115 shares in the last quarter. 74.84% of the stock is currently owned by institutional investors and hedge funds.

About Ultra Clean Holdings

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.

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Earnings History and Estimates for Ultra Clean Holdings (NASDAQ:UCTT)

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