Zacks: Brokerages Anticipate ACM Research, Inc. (NASDAQ:ACMR) to Post $0.58 Earnings Per Share

Equities research analysts expect that ACM Research, Inc. (NASDAQ:ACMR) will announce earnings of $0.58 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for ACM Research’s earnings, with estimates ranging from $0.53 to $0.63. ACM Research reported earnings per share of $0.29 in the same quarter last year, which would indicate a positive year over year growth rate of 100%. The company is expected 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 financial year, with EPS estimates ranging from $1.63 to $1.74. For the next financial year, analysts anticipate that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.75 to $1.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow ACM Research.

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

Several research analysts recently commented on the stock. Needham & Company LLC lifted their target price on shares of ACM Research from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, January 6th. Zacks Investment Research upgraded 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 report on Friday, January 7th. The Goldman Sachs Group cut shares of ACM Research from a “conviction-buy” rating to a “buy” rating in a report on Sunday, November 21st. Benchmark upped their price target on shares of ACM Research from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 5th. Finally, Stifel Nicolaus upped their price target on shares of ACM Research from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, January 5th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ACM Research has a consensus rating of “Buy” and an average price target of $123.20.

In other ACM Research news, insider Mark Mckechnie sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $94.05, for a total transaction of $470,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 46.02% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position 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 valued at $5,015,000 after purchasing an additional 1,760 shares during the last quarter. Man Group plc purchased a new stake in shares of ACM Research during the 2nd quarter valued at about $275,000. L & S Advisors Inc purchased a new stake in shares of ACM Research during the 2nd quarter valued at about $1,832,000. KEYWISE CAPITAL MANAGEMENT HK Ltd purchased a new stake in shares of ACM Research during the 2nd quarter valued at about $399,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of ACM Research during the 2nd quarter valued at about $6,476,000. 49.86% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ ACMR opened at $88.67 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.93 and a debt-to-equity ratio of 0.10. ACM Research has a 52 week low of $60.84 and a 52 week high of $144.81. The firm’s fifty day moving average is $85.67 and its 200 day moving average is $92.41. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 63.34 and a beta of 0.57.

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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