ACM Research (NASDAQ:ACMR) will issue its quarterly earnings data after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
ACM Research (NASDAQ:ACMR) last announced its earnings results on Tuesday, August 7th. The specialty retailer reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.11. ACM Research had a return on equity of 14.90% and a net margin of 5.43%. The company had revenue of $20.87 million during the quarter, compared to analyst estimates of $19.70 million. On average, analysts expect ACM Research to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ:ACMR opened at $9.47 on Wednesday. ACM Research has a twelve month low of $4.74 and a twelve month high of $15.60. The firm has a market capitalization of $131.95 million and a PE ratio of 45.10.
A number of analysts have recently weighed in on ACMR shares. Benchmark restated a “buy” rating and issued a $16.00 target price on shares of ACM Research in a research note on Wednesday, August 8th. ValuEngine lowered ACM Research from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Zacks Investment Research upgraded ACM Research from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, July 10th. Finally, Craig Hallum raised their target price on ACM Research from $13.00 to $19.50 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. ACM Research has an average rating of “Buy” and a consensus target price of $17.13.
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 of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces in a uniform manner on a microscopic level; timely energized bubble oscillation cleaning equipment for conventional two-dimensional and three-dimensional patterned wafers at advanced process nodes; and custom-made wafer assembly and packaging equipment.
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