ACM Research (NASDAQ:ACMR – Get Free Report) will release its earnings data before the market opens on Wednesday, May 8th. Analysts expect ACM Research to post earnings of $0.31 per share for the quarter. ACM Research has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
ACM Research (NASDAQ:ACMR – Get Free Report) last posted its quarterly 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 business had revenue of $170.30 million for the quarter, compared to the consensus estimate of $149.54 million. ACM Research had a return on equity of 9.23% and a net margin of 13.87%. The business’s revenue was up 57.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 Stock Performance
Shares of NASDAQ:ACMR opened at $27.00 on Monday. The firm has a 50 day moving average of $28.66 and a 200 day moving average of $21.74. The company has a quick ratio of 1.26, a current ratio of 2.35 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 23.08 and a beta of 1.42. ACM Research has a 52 week low of $8.75 and a 52 week high of $34.40.
Insider Buying and Selling at ACM Research
Analysts Set New Price Targets
ACMR has been the subject of a number of research analyst reports. Benchmark increased their price target on ACM Research from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC lifted their price target on shares of ACM Research from $24.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group upgraded 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 report on Thursday, February 29th. Finally, Roth Mkm lifted their target price on shares of ACM Research from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, ACM Research currently has a consensus rating of “Buy” and an average price target of $31.88.
Check Out Our Latest Stock Report on ACM Research
About ACM Research
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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