Analysts forecast that ACM Research, Inc. (NASDAQ:ACMR – Get Rating) will announce earnings per share (EPS) of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for ACM Research’s earnings, with estimates ranging from $0.04 to $0.07. ACM Research also reported earnings of $0.06 per share in the same quarter last year. The business is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that ACM Research will report full year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $0.59. For the next financial year, analysts anticipate that the firm will post earnings of $0.80 per share, with EPS estimates ranging from $0.72 to $0.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow ACM Research.
ACM Research (NASDAQ:ACMR – Get Rating) last released its quarterly earnings data on Friday, May 6th. The specialty retailer reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.10. The company had revenue of $42.20 million during the quarter, compared to the consensus estimate of $49.25 million. ACM Research had a net margin of 10.26% and a return on equity of 5.49%. ACM Research’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS.
A number of analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of ACM Research from a “buy” rating to a “neutral” rating and cut their price target for the stock from $44.00 to $20.00 in a report on Sunday, May 8th. Roth Capital cut their price target on shares of ACM Research from $40.00 to $33.33 in a report on Thursday, March 10th. Craig Hallum cut their price target on shares of ACM Research from $43.00 to $24.00 in a report on Monday, May 9th. Finally, Zacks Investment Research downgraded shares of ACM Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $33.71.
ACMR stock opened at $13.65 on Friday. The company has a market cap of $738.12 million, a price-to-earnings ratio of 34.41 and a beta of 0.77. The company has a current ratio of 3.70, a quick ratio of 3.57 and a debt-to-equity ratio of 0.03. ACM Research has a 12 month low of $11.23 and a 12 month high of $39.71. The firm has a 50-day moving average of $18.38 and a two-hundred day moving average of $24.84.
In related news, insider Mark Mckechnie sold 5,000 shares of ACM Research stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $64.20, for a total value of $321,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Haiping Dun sold 12,269 shares of the firm’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $82.09, for a total transaction of $1,007,162.21. The disclosure for this sale can be found here. 46.02% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Advisor Group Holdings Inc. boosted its position in ACM Research by 166.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,500 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 937 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of ACM Research by 210.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,752 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 1,188 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of ACM Research by 200.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,530 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 3,020 shares during the last quarter. Citigroup Inc. lifted its position in shares of ACM Research by 69.9% during the 1st quarter. Citigroup Inc. now owns 7,203 shares of the specialty retailer’s stock worth $149,000 after purchasing an additional 2,963 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its position in shares of ACM Research by 21.8% during the 3rd quarter. Maverick Capital Ltd. now owns 1,421 shares of the specialty retailer’s stock worth $156,000 after purchasing an additional 254 shares during the last quarter. 19.88% of the stock is owned by institutional investors.
ACM Research Company Profile (Get Rating)
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.
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