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

ACM Research (NASDAQ:ACMR) will release its earnings data before the market opens on Thursday, November 7th. Analysts expect ACM Research to post earnings of $0.28 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Wednesday, August 7th. The specialty retailer reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.25. The firm had revenue of $202.50 million during the quarter, compared to the consensus estimate of $163.05 million. ACM Research had a return on equity of 9.16% and a net margin of 12.26%. The firm’s revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. On average, analysts expect ACM Research to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ACM Research Price Performance

Shares of ACMR opened at $18.18 on Wednesday. The company has a market cap of $1.04 billion, a P/E ratio of 14.43 and a beta of 1.54. The stock has a fifty day moving average price of $18.64 and a 200 day moving average price of $21.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.29 and a quick ratio of 1.26. ACM Research has a 12 month low of $12.95 and a 12 month high of $34.40.

Insider Transactions at ACM Research

In other news, Director Xiao Xing sold 90,396 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $21.13, for a total value of $1,910,067.48. Following the completion of the transaction, the director now owns 2,338,510 shares of the company’s stock, valued at approximately $49,412,716.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Mark Mckechnie sold 16,516 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $22.00, for a total transaction of $363,352.00. Following the completion of the transaction, the insider now owns 900 shares of the company’s stock, valued at $19,800. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Xiao Xing sold 90,396 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $21.13, for a total value of $1,910,067.48. Following the transaction, the director now directly owns 2,338,510 shares of the company’s stock, valued at $49,412,716.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,116,516 shares of company stock valued at $24,573,590. 31.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on ACMR. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of ACM Research in a research note on Tuesday, October 1st. Roth Mkm decreased their price target on ACM Research from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Benchmark reissued a “buy” rating and issued a $38.00 price target on shares of ACM Research in a research note on Wednesday, August 7th.

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.