Ultra Clean Holdings Inc (NASDAQ: UCTT) has reported E.P.S. of $0.43 for its second fiscal quarter (ending June 30) versus $-0.21 for the same period a year ago. Relative to the consensus estimate of $0.26, this was a premium of $0.17. For the latest four quarters through June 30, E.P.S. were $-0.18 compared to $0.53 a year ago — a decline of -134%.
Recent Price Action
On 7/25/24, Ultra Clean Holdings Inc (NASDAQ: UCTT) stock declined modestly by -1.8%, closing at $45.13. Moreover, this decline was accompanied by unusually high trading volume at 195% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, UCTT is expected to continue to be an important Value Builder.
Ultra Clean Holdings has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ultra Clean Holdings has a neutral Appreciation Score of 50 but a very high Power Rating of 90, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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