Brokerages predict that ACM Research, Inc. (NASDAQ:ACMR – Get Rating) will report $54.88 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for ACM Research’s earnings. The highest sales estimate is $70.00 million and the lowest is $40.00 million. ACM Research posted sales of $43.73 million in the same quarter last year, which would indicate a positive year over year growth rate of 25.5%. The firm is expected to issue its next earnings report before the market opens on Monday, January 1st.
On average, analysts expect that ACM Research will report full-year sales of $367.50 million for the current financial year, with estimates ranging from $365.00 million to $370.00 million. For the next year, analysts expect that the business will post sales of $483.92 million, with estimates ranging from $470.00 million to $500.00 million. Zacks Investment Research’s sales 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 results on Friday, February 25th. The specialty retailer reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.08. ACM Research had a return on equity of 9.91% and a net margin of 14.54%. The company had revenue of $95.10 million for the quarter, compared to analysts’ expectations of $89.53 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 108.6% compared to the same quarter last year.
In other ACM Research news, insider Mark Mckechnie sold 5,000 shares of the stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $64.20, for a total value of $321,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Haiping Dun sold 12,269 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The stock was 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 corporate insiders.
A number of institutional investors have recently modified their holdings of ACMR. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in ACM Research by 200.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,530 shares of the specialty retailer’s stock valued at $94,000 after buying an additional 3,020 shares during the period. Green Court Capital Management Ltd boosted its position in ACM Research by 263.0% during the 1st quarter. Green Court Capital Management Ltd now owns 2,545,725 shares of the specialty retailer’s stock worth $52,671,000 after buying an additional 1,844,442 shares during the period. Norges Bank acquired a new position in shares of ACM Research in the 4th quarter worth approximately $14,632,000. BlackRock Inc. lifted its position in shares of ACM Research by 17.4% in the 4th quarter. BlackRock Inc. now owns 235,274 shares of the specialty retailer’s stock worth $20,061,000 after purchasing an additional 34,830 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of ACM Research by 256.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 214,349 shares of the specialty retailer’s stock worth $18,277,000 after purchasing an additional 154,248 shares during the period. Institutional investors and hedge funds own 50.48% of the company’s stock.
Shares of NASDAQ:ACMR opened at $15.76 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.57 and a current ratio of 4.63. The company has a market capitalization of $845.52 million, a PE ratio of 27.65 and a beta of 0.56. ACM Research has a 12 month low of $14.07 and a 12 month high of $39.71. The business’s 50 day moving average price is $21.79.
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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