ACM Research (ACMR) Scheduled to Post Quarterly Earnings on Wednesday

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 hedge fund recently bought a new stake in ACM Research stock. Bank of New York Mellon Corp bought a new stake in ACM Research Inc (NASDAQ:ACMR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,399 shares of the specialty retailer’s stock, valued at approximately $188,000. Bank of New York Mellon Corp owned approximately 0.12% of ACM Research as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 12.55% of the company’s stock.

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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Earnings History for ACM Research (NASDAQ:ACMR)

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