ACM Research (ACMR) to Release Earnings on Wednesday

ACM Research (NASDAQ:ACMR) will issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. ACM Research has set its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

ACM Research (NASDAQ:ACMR) last released its earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.27. The firm had revenue of $170.30 million for the quarter, compared to analyst estimates of $149.54 million. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The company’s quarterly revenue was up 57.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. On average, analysts expect ACM Research to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ACM Research Price Performance

ACM Research stock opened at $27.75 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.58 billion, a P/E ratio of 23.72 and a beta of 1.42. The business has a 50-day moving average of $28.78 and a 200-day moving average of $21.82. ACM Research has a 1 year low of $9.10 and a 1 year high of $34.40.

Insider Buying and Selling

In related news, insider Sotheara Cheav sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $29.09, for a total value of $145,450.00. Following the completion of the transaction, the insider now directly owns 105,002 shares of the company’s stock, valued at approximately $3,054,508.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Haiping Dun sold 19,434 shares of ACM Research stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $27.70, for a total value of $538,321.80. Following the sale, the director now directly owns 855,090 shares in the company, valued at $23,685,993. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sotheara Cheav sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $29.09, for a total transaction of $145,450.00. Following the completion of the sale, the insider now directly owns 105,002 shares in the company, valued at approximately $3,054,508.18. The disclosure for this sale can be found here. Insiders have sold a total of 149,434 shares of company stock worth $4,375,572 over the last ninety days. Company insiders own 33.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Roth Mkm boosted their price objective on shares of ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Needham & Company LLC upped their price objective on shares of ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Benchmark lifted their target price on ACM Research from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group raised ACM Research from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Thursday, February 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $31.88.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.