Ultra Clean (UCTT) Issues Q2 Earnings Guidance

Ultra Clean (NASDAQ:UCTT) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.52-0.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.60. The company issued revenue guidance of $280-300 million, compared to the consensus revenue estimate of $282.02 million.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Ultra Clean from a hold rating to a strong sell rating in a report on Thursday, April 19th. BidaskClub raised Ultra Clean from a strong sell rating to a sell rating in a report on Wednesday, April 18th. ValuEngine cut Ultra Clean from a buy rating to a hold rating in a report on Monday, April 2nd. Finally, Cowen reissued a hold rating and issued a $28.00 target price (down from $32.00) on shares of Ultra Clean in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Ultra Clean presently has a consensus rating of Hold and an average price target of $31.33.

Shares of UCTT traded down $0.11 during mid-day trading on Wednesday, reaching $15.83. The company had a trading volume of 1,620,891 shares, compared to its average volume of 1,354,452. Ultra Clean has a twelve month low of $15.35 and a twelve month high of $34.59. The company has a current ratio of 1.97, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The stock has a market cap of $643.50, a PE ratio of 6.76, a PEG ratio of 0.52 and a beta of 0.89.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). Ultra Clean had a return on equity of 29.62% and a net margin of 8.12%. The company had revenue of $248.89 million during the quarter, compared to analyst estimates of $248.73 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 42.6% on a year-over-year basis. sell-side analysts forecast that Ultra Clean will post 2.3 EPS for the current fiscal year.

In related news, SVP William Joe Williams sold 14,203 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $19.15, for a total transaction of $271,987.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Deborah E. Hayward sold 7,566 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $20.00, for a total value of $151,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 97,985 shares of company stock valued at $2,001,326 over the last ninety days. Insiders own 2.60% of the company’s stock.

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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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