Analysts Expect ACM Research, Inc. (NASDAQ:ACMR) to Announce $0.58 Earnings Per Share

Analysts forecast that ACM Research, Inc. (NASDAQ:ACMR) will post earnings of $0.58 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for ACM Research’s earnings, with estimates ranging from $0.53 to $0.63. ACM Research posted earnings per share of $0.29 during the same quarter last year, which would indicate a positive year over year growth rate of 100%. The business is scheduled to issue its next earnings report on Thursday, February 24th.

According to Zacks, analysts expect that ACM Research will report full-year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.63 to $1.74. For the next fiscal year, analysts forecast that the firm will report earnings of $1.78 per share, with EPS estimates ranging from $1.75 to $1.80. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for ACM Research.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Thursday, November 4th. The specialty retailer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.20. The business had revenue of $67.00 million during the quarter, compared to the consensus estimate of $67.20 million. ACM Research had a return on equity of 11.88% and a net margin of 14.62%. The business’s revenue was up 40.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share.

ACMR has been the topic of several recent analyst reports. Zacks Investment Research raised shares of ACM Research from a “hold” rating to a “strong-buy” rating and set a $96.00 target price on the stock in a research note on Friday, January 7th. The Goldman Sachs Group downgraded shares of ACM Research from a “conviction-buy” rating to a “buy” rating in a research note on Sunday, November 21st. Needham & Company LLC upped their price target on shares of ACM Research from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, January 6th. Stifel Nicolaus upped their price target on shares of ACM Research from $132.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, January 5th. Finally, Benchmark upped their price objective on shares of ACM Research from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 5th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $123.20.

ACMR opened at $88.67 on Monday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 63.34 and a beta of 0.57. ACM Research has a 1-year low of $60.84 and a 1-year high of $144.81. The business has a 50 day moving average price of $85.67 and a two-hundred day moving average price of $92.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.93 and a quick ratio of 1.03.

In other news, insider Mark Mckechnie sold 5,000 shares of ACM Research stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $94.05, for a total value of $470,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 46.02% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of ACM Research by 3.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 49,054 shares of the specialty retailer’s stock worth $5,015,000 after buying an additional 1,760 shares during the period. Man Group plc bought a new stake in shares of ACM Research during the 2nd quarter worth about $275,000. L & S Advisors Inc bought a new stake in shares of ACM Research during the 2nd quarter worth about $1,832,000. KEYWISE CAPITAL MANAGEMENT HK Ltd bought a new stake in shares of ACM Research during the 2nd quarter worth about $399,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of ACM Research during the 2nd quarter worth about $6,476,000. 49.86% of the stock is owned by institutional investors and hedge funds.

ACM Research Company Profile

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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