ACM Research (ACMR) Scheduled to Post Earnings on Friday

ACM Research (NASDAQ:ACMR - Get Free Report) is set to issue its quarterly earnings data on Friday, April 26th. ACM Research has set its FY 2024 guidance at EPS.Parties interested in listening to the company's conference call can do so using this link.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its 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 analyst estimates of $149.54 million. ACM Research had a net margin of 13.87% and a return on equity of 9.23%. The business's revenue was up 57.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 EPS. 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

Shares of NASDAQ ACMR traded up $0.14 during trading hours on Thursday, hitting $28.29. 1,084,244 shares of the stock were exchanged, compared to its average volume of 1,656,039. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 2.35. The company has a market cap of $1.59 billion, a PE ratio of 24.06 and a beta of 1.39. The company's fifty day simple moving average is $27.69 and its two-hundred day simple moving average is $21.37. ACM Research has a 1-year low of $8.75 and a 1-year high of $34.40.

Wall Street Analysts Forecast Growth

ACMR has been the topic of several analyst reports. Needham & Company LLC increased their price target on shares of ACM Research from $24.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Benchmark increased their price objective 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. The Goldman Sachs Group raised shares of ACM Research from a "neutral" rating to a "buy" rating and set a $39.00 price objective for the company in a research note on Thursday, February 29th. Finally, Roth Mkm increased their price objective 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, ACM Research presently has a consensus rating of "Buy" and a consensus price target of $31.88.

Insiders Place Their Bets

In other news, Director Tracy Liu sold 12,500 shares of ACM Research stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the transaction, the director now directly owns 110,772 shares in the company, valued at $2,791,454.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other ACM Research news, Director Haiping Dun sold 15,000 shares of the business's 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 $455,400.00. Following the completion of the transaction, the director now owns 874,524 shares of the company's stock, valued at approximately $26,550,548.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Tracy Liu sold 12,500 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $25.20, for a total transaction of $315,000.00. Following the completion of the sale, the director now directly owns 110,772 shares of the company's stock, valued at approximately $2,791,454.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,434 shares of company stock worth $4,375,572. 33.63% of the stock is currently owned by company insiders.

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.