ACM Research (ACMR) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

ACM Research (NASDAQ:ACMR) posted its earnings results on Tuesday, May 7th. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.12, Fidelity Earnings reports. The firm had revenue of $20.48 million for the quarter, compared to analysts’ expectations of $17.50 million. ACM Research had a return on equity of 25.10% and a net margin of 13.13%.

ACMR stock opened at $19.26 on Friday. ACM Research has a fifty-two week low of $9.02 and a fifty-two week high of $21.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.17 and a current ratio of 2.03. The stock has a market capitalization of $269.03 million, a price-to-earnings ratio of 27.07 and a beta of -0.27.

An institutional investor recently raised its position in ACM Research stock. Geode Capital Management LLC grew its stake in ACM Research Inc (NASDAQ:ACMR) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,179 shares of the specialty retailer’s stock after buying an additional 3,782 shares during the quarter. Geode Capital Management LLC owned approximately 0.55% of ACM Research worth $839,000 as of its most recent SEC filing. 10.32% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut ACM Research from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Craig Hallum reissued a “buy” rating and issued a $25.00 target price (up from $20.00) on shares of ACM Research in a report on Thursday, May 9th. ValuEngine raised ACM Research from a “hold” rating to a “buy” rating in a report on Tuesday, March 19th. Finally, Benchmark reissued a “buy” rating and issued a $16.00 target price on shares of ACM Research in a report on Friday, March 8th.

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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 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 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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