ACM Research (ACMR) Scheduled to Post Earnings on Wednesday

ACM Research (NASDAQ:ACMR) will be releasing its earnings data before the market opens on Wednesday, August 7th. Analysts expect ACM Research to post earnings of $0.30 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

ACM Research (NASDAQ:ACMR) last issued its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.09. ACM Research had a return on equity of 10.26% and a net margin of 13.79%. The company had revenue of $152.19 million during the quarter, compared to analysts’ expectations of $151.00 million. On average, analysts expect ACM Research to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ACM Research Stock Down 4.0 %

Shares of NASDAQ:ACMR opened at $15.01 on Tuesday. The company has a market capitalization of $855.37 million, a PE ratio of 11.37 and a beta of 1.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.31 and a current ratio of 2.31. The company’s fifty day moving average is $22.11 and its 200-day moving average is $24.01. ACM Research has a 52 week low of $12.53 and a 52 week high of $34.40.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of ACM Research in a report on Thursday, May 9th.

Insider Activity at ACM Research

In other ACM Research news, insider Jian Wang sold 30,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $22.07, for a total transaction of $662,100.00. Following the sale, the insider now owns 253,158 shares of the company’s stock, valued at approximately $5,587,197.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Haiping Dun sold 15,000 shares of ACM Research stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $22.88, for a total value of $343,200.00. Following the completion of the sale, the director now directly owns 874,329 shares in the company, valued at $20,004,647.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jian Wang sold 30,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $22.07, for a total transaction of $662,100.00. Following the transaction, the insider now owns 253,158 shares in the company, valued at $5,587,197.06. The disclosure for this sale can be found here. Insiders sold 240,329 shares of company stock valued at $5,440,934 over the last ninety days. 31.24% of the stock is owned by 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.