ACM Research (NASDAQ:ACMR) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

ACM Research (NASDAQ:ACMR) issued its quarterly earnings results on Wednesday. The specialty retailer reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.14, MarketWatch Earnings reports. The company had revenue of $24.61 million for the quarter, compared to the consensus estimate of $23.10 million. ACM Research had a net margin of 17.57% and a return on equity of 32.61%. ACM Research updated its FY 2020
After-Hours guidance to EPS.

ACM Research stock opened at $22.07 on Friday. ACM Research has a 12 month low of $12.51 and a 12 month high of $51.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.91 and a quick ratio of 2.14. The business has a 50 day simple moving average of $33.69 and a 200-day simple moving average of $21.86. The stock has a market capitalization of $334.85 million, a PE ratio of 22.75 and a beta of -0.37.

A number of research firms recently issued reports on ACMR. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of ACM Research in a research note on Thursday. Stifel Nicolaus cut their price objective on ACM Research from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday. BidaskClub downgraded ACM Research from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 11th. Craig Hallum reissued a “buy” rating and set a $31.00 price objective (up from $25.00) on shares of ACM Research in a research report on Tuesday, January 14th. They noted that the move was a valuation call. Finally, Morgan Stanley started coverage on ACM Research in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. ACM Research presently has an average rating of “Buy” and an average price target of $40.38.

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.

Featured Article: What is a stock portfolio tracker?

Earnings History for ACM Research (NASDAQ:ACMR)

Receive News & Ratings for ACM Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACM Research and related companies with MarketBeat.com's FREE daily email newsletter.