ACM Research (ACMR) Set to Announce Quarterly Earnings on Friday

ACM Research (NASDAQ:ACMR) is set to release its earnings data on Friday, April 26th. ACM Research has set its FY 2024 guidance at EPS.

ACM Research (NASDAQ:ACMR) last announced its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.27. The firm had revenue of $170.30 million for the quarter, compared to the consensus estimate of $149.54 million. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The company’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same period 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 Trading Up 2.8 %

Shares of ACMR opened at $28.15 on Thursday. The firm’s 50 day simple moving average is $27.69 and its 200 day simple moving average is $21.37. The company has a market capitalization of $1.58 billion, a P/E ratio of 24.06 and a beta of 1.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.35 and a quick ratio of 1.26. ACM Research has a 1-year low of $8.75 and a 1-year high of $34.40.

Insiders Place Their Bets

In other ACM Research 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 transaction of $538,321.80. Following the transaction, the director now directly owns 855,090 shares of the company’s stock, valued at $23,685,993. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Lisa Feng sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total value of $189,000.00. Following the transaction, the insider now owns 50,001 shares in the company, valued at $1,260,025.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Haiping Dun sold 19,434 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $27.70, for a total transaction of $538,321.80. Following the completion of the transaction, the director now owns 855,090 shares in the company, valued at approximately $23,685,993. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,434 shares of company stock valued at $4,375,572. 33.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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