Zacks: Analysts Expect ACM Research Inc (NASDAQ:ACMR) to Announce $0.22 EPS

Wall Street brokerages expect ACM Research Inc (NASDAQ:ACMR) to report earnings of $0.22 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for ACM Research’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.22. ACM Research posted earnings of $0.23 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that ACM Research will report full year earnings of $0.74 per share for the current financial year, with EPS estimates ranging from $0.72 to $0.75. For the next financial year, analysts forecast that the firm will report earnings of $0.84 per share, with EPS estimates ranging from $0.77 to $0.91. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for ACM Research.

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.15. The company had revenue of $29.01 million for the quarter, compared to the consensus estimate of $25.40 million. ACM Research had a net margin of 13.16% and a return on equity of 26.29%.



A number of research firms recently issued reports on ACMR. Stifel Nicolaus began coverage on shares of ACM Research in a report on Thursday, August 22nd. They issued a “buy” rating and a $22.00 price objective on the stock. Needham & Company LLC began coverage on shares of ACM Research in a report on Monday, August 19th. They issued a “buy” rating and a $20.00 price objective on the stock. ValuEngine downgraded shares of ACM Research from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Zacks Investment Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $20.60.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in ACM Research during the 2nd quarter worth approximately $626,000. Morgan Stanley raised its stake in ACM Research by 222.0% during the 2nd quarter. Morgan Stanley now owns 11,386 shares of the specialty retailer’s stock worth $177,000 after acquiring an additional 7,850 shares during the period. Paloma Partners Management Co bought a new stake in ACM Research during the 2nd quarter worth approximately $825,000. A.R.T. Advisors LLC bought a new stake in ACM Research during the 2nd quarter worth approximately $321,000. Finally, Renaissance Technologies LLC bought a new stake in ACM Research during the 2nd quarter worth approximately $787,000. Institutional investors own 12.25% of the company’s stock.

Shares of ACMR traded up $0.14 on Wednesday, reaching $14.68. The company’s stock had a trading volume of 44,450 shares, compared to its average volume of 117,425. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.03 and a quick ratio of 1.18. The stock has a market capitalization of $207.34 million, a P/E ratio of 26.69 and a beta of -0.53. The stock’s 50 day simple moving average is $15.17 and its two-hundred day simple moving average is $16.23. ACM Research has a 12-month low of $9.02 and a 12-month high of $21.88.

About ACM Research

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 of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.

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