ACM Research (NASDAQ:ACMR – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. ACM Research has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.
ACM Research (NASDAQ:ACMR – Get Free Report) last released its earnings results on Wednesday, August 7th. The specialty retailer reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.25. ACM Research had a net margin of 12.26% and a return on equity of 9.16%. The firm had revenue of $202.50 million during the quarter, compared to analyst estimates of $163.05 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter was up 40.0% compared to the same quarter last year. 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 Trading Up 0.3 %
ACM Research stock opened at $20.03 on Thursday. ACM Research has a 1 year low of $12.88 and a 1 year high of $34.40. The firm’s 50-day moving average is $18.67 and its 200-day moving average is $21.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 2.29. The company has a market cap of $1.14 billion, a P/E ratio of 15.17 and a beta of 1.52.
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Insiders Place Their Bets
In other news, major shareholder Science & Technology Shanghai sold 275,000 shares of ACM Research stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $24.07, for a total transaction of $6,619,250.00. Following the sale, the insider now owns 2,428,906 shares of the company’s stock, valued at approximately $58,463,767.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other ACM Research news, major shareholder Science & Technology Shanghai sold 275,000 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $24.07, for a total transaction of $6,619,250.00. Following the completion of the transaction, the insider now owns 2,428,906 shares in the company, valued at approximately $58,463,767.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Xiao Xing sold 8,304 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $20.19, for a total value of $167,657.76. Following the transaction, the director now directly owns 3,430,206 shares in the company, valued at $69,255,859.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,116,516 shares of company stock worth $24,573,590. Insiders own 31.24% of the company’s stock.
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 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.
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