ACM Research (ACMR) to Release Quarterly Earnings on Friday

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

ACM Research (NASDAQ:ACMR) last posted its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.27. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The business had revenue of $170.30 million for the quarter, compared to analyst estimates of $149.54 million. During the same period last year, the company earned $0.15 EPS. ACM Research’s revenue for the quarter was up 57.0% compared to the same quarter last year. 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

ACMR opened at $28.15 on Thursday. The stock’s 50 day simple moving average is $27.69 and its 200 day simple moving average is $21.37. 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. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 24.06 and a beta of 1.39.

Insider Transactions at ACM Research

In related news, insider Sotheara Cheav sold 5,000 shares of ACM Research stock in a transaction that occurred 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 sale, the insider now directly owns 105,002 shares in the company, valued at $3,054,508.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Sotheara Cheav sold 5,000 shares of ACM Research stock in a transaction that occurred 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 sale, the insider now directly owns 105,002 shares in the company, valued at $3,054,508.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David H. Wang sold 90,000 shares of ACM Research stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.36, for a total value of $2,732,400.00. Following the sale, the insider now owns 591,107 shares in the company, valued at $17,946,008.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,434 shares of company stock worth $4,375,572. 33.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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 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.