ACM Research, Inc. (NASDAQ:ACMR) Expected to Post Earnings of $0.35 Per Share

Wall Street brokerages forecast that ACM Research, Inc. (NASDAQ:ACMR) will post earnings per share of $0.35 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for ACM Research’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.34. ACM Research reported earnings per share of $0.42 in the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The company is expected to announce its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that ACM Research will report full-year earnings of $1.28 per share for the current year, with EPS estimates ranging from $1.27 to $1.28. For the next year, analysts expect that the business will post earnings of $1.98 per share, with EPS estimates ranging from $1.85 to $2.10. Zacks’ earnings per share averages are an average based on a survey of research firms that follow ACM Research.

ACM Research (NASDAQ:ACMR) last posted its earnings results on Wednesday, August 4th. The specialty retailer reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). ACM Research had a net margin of 15.30% and a return on equity of 11.62%. The business had revenue of $53.86 million for the quarter, compared to analysts’ expectations of $51.57 million.

Several analysts have commented on ACMR shares. Roth Capital lifted their price objective on shares of ACM Research from $110.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 9th. Zacks Investment Research raised shares of ACM Research from a “sell” rating to a “hold” rating in a report on Wednesday, August 25th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $118.00.

NASDAQ:ACMR traded down $3.68 during trading hours on Wednesday, hitting $98.72. 4,011 shares of the company were exchanged, compared to its average volume of 347,366. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 76.42 and a beta of 0.73. ACM Research has a 52-week low of $60.84 and a 52-week high of $144.81. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.03 and a quick ratio of 1.19. The company’s 50 day moving average price is $89.78 and its 200-day moving average price is $86.28.

In other ACM Research news, Director Yinan Xiang sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 11th. The stock was sold at an average price of $86.11, for a total value of $2,583,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Mckechnie sold 5,000 shares of ACM Research stock in a transaction on Thursday, August 19th. The stock was sold at an average price of $82.08, for a total value of $410,400.00. Following the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $410,400. The disclosure for this sale can be found here. Insiders sold 100,371 shares of company stock worth $8,554,845 over the last quarter. 40.74% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of ACM Research in the 1st quarter valued at approximately $30,000. Citigroup Inc. lifted its stake in ACM Research by 50.0% in the 2nd quarter. Citigroup Inc. now owns 333 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 111 shares in the last quarter. JTC Employer Solutions Trusteee Ltd purchased a new stake in ACM Research in the 2nd quarter worth about $95,000. SG Americas Securities LLC acquired a new position in ACM Research in the 2nd quarter worth about $122,000. Finally, JPMorgan Chase & Co. increased its position in ACM Research by 2,482.0% in the 1st quarter. JPMorgan Chase & Co. now owns 2,298 shares of the specialty retailer’s stock worth $185,000 after purchasing an additional 2,209 shares during the last quarter. Institutional investors and hedge funds own 37.23% of the company’s stock.

About ACM Research

ACM Research, Inc engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. It supplies process solutions that semi conductor manufacturers can use in numerous manufacturing steps to remove particles, contaminants and other random defects, and thereby improve product yield.

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