Analysts Anticipate Entegris, Inc. (NASDAQ:ENTG) to Post $0.99 EPS

Wall Street analysts forecast that Entegris, Inc. (NASDAQ:ENTG – Get Rating) will post $0.99 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Entegris’ earnings, with the highest EPS estimate coming in at $1.00 and the lowest estimate coming in at $0.98. Entegris reported earnings of $0.70 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 41.4%. The business is expected to announce its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Entegris will report full-year earnings of $4.16 per share for the current financial year, with EPS estimates ranging from $4.10 to $4.25. For the next financial year, analysts anticipate that the firm will report earnings of $4.72 per share, with EPS estimates ranging from $4.33 to $5.01. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Entegris.

Entegris (NASDAQ:ENTG – Get Rating) last issued its quarterly earnings data on Tuesday, February 1st. The semiconductor company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. Entegris had a net margin of 17.80% and a return on equity of 29.95%. The business had revenue of $635.20 million for the quarter, compared to analyst estimates of $592.51 million. During the same period last year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 22.6% on a year-over-year basis.

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, April 13th. Seaport Res Ptn upgraded shares of Entegris from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 18th. StockNews.com initiated coverage on shares of Entegris in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho upgraded shares of Entegris from a “neutral” rating to a “buy” rating and set a $158.00 price target on the stock in a research note on Wednesday, February 2nd. Finally, Zacks Investment Research lowered shares of Entegris from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $169.11.

Shares of NASDAQ:ENTG opened at $112.67 on Friday. Entegris has a 12 month low of $101.16 and a 12 month high of $158.00. The company has a quick ratio of 2.21, a current ratio of 3.47 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $125.03 and its 200 day simple moving average is $132.52. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 37.56 and a beta of 1.11.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 4th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Tuesday, May 3rd. Entegris’s payout ratio is 13.33%.

In other Entegris news, Director Paul L. H. Olson sold 1,000 shares of the business’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $120.35, for a total value of $120,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Todd James Edlund sold 9,696 shares of the business’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $127.50, for a total transaction of $1,236,240.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,257 shares of company stock valued at $6,606,256 in the last ninety days. 0.61% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. UMB Bank N A MO acquired a new position in shares of Entegris in the 4th quarter valued at approximately $25,000. Quent Capital LLC acquired a new position in shares of Entegris in the 4th quarter valued at approximately $27,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of Entegris in the 4th quarter valued at approximately $34,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Entegris in the 4th quarter valued at approximately $35,000. Finally, Whittier Trust Co. acquired a new position in shares of Entegris in the 3rd quarter valued at approximately $37,000. Institutional investors own 98.45% of the company’s stock.

About Entegris (Get Rating)

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

See Also