Analysts Anticipate Entegris, Inc. (NASDAQ:ENTG) Will Announce Quarterly Sales of $640.22 Million

Wall Street analysts expect that Entegris, Inc. (NASDAQ:ENTGGet Rating) will report sales of $640.22 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Entegris’ earnings. The highest sales estimate is $645.40 million and the lowest is $630.50 million. Entegris reported sales of $512.84 million in the same quarter last year, which indicates a positive year-over-year growth rate of 24.8%. The company is scheduled to report its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Entegris will report full-year sales of $2.69 billion for the current year, with estimates ranging from $2.68 billion to $2.71 billion. For the next year, analysts anticipate that the company will post sales of $3.03 billion, with estimates ranging from $2.92 billion to $3.11 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Entegris.

Entegris (NASDAQ:ENTGGet Rating) last posted its quarterly earnings results on Tuesday, February 1st. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.07. Entegris had a return on equity of 29.95% and a net margin of 17.80%. The company had revenue of $635.20 million for the quarter, compared to analysts’ expectations of $592.51 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The firm’s revenue was up 22.6% on a year-over-year basis.

A number of equities research analysts recently issued reports on the stock. Mizuho upgraded shares of Entegris from a “neutral” rating to a “buy” rating and set a $158.00 price objective for the company in a report on Wednesday, February 2nd. StockNews.com initiated coverage on shares of Entegris in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research cut shares of Entegris from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, April 13th. Finally, Seaport Res Ptn upgraded shares of Entegris from a “neutral” rating to a “buy” rating in a report on Tuesday, January 18th. 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.com, Entegris presently has a consensus rating of “Buy” and a consensus target price of $169.11.

In related news, CFO Gregory B. Graves sold 12,142 shares of the stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $133.10, for a total value of $1,616,100.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Todd James Edlund sold 9,696 shares of the stock in a transaction dated Wednesday, February 23rd. The stock was 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 sold 49,257 shares of company stock valued at $6,606,256 in the last three months. Company insiders own 0.61% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank N A MO acquired a new stake in shares of Entegris during the fourth quarter worth approximately $25,000. Quent Capital LLC bought a new stake in shares of Entegris during the fourth quarter valued at approximately $27,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Entegris during the fourth quarter valued at approximately $35,000. Whittier Trust Co. bought a new stake in shares of Entegris during the third quarter valued at approximately $37,000. Finally, Sphinx Trading LP bought a new stake in shares of Entegris during the fourth quarter valued at approximately $42,000. 98.45% of the stock is owned by institutional investors.

NASDAQ ENTG opened at $112.67 on Monday. The company has a market capitalization of $15.31 billion, a PE ratio of 37.56 and a beta of 1.11. Entegris has a 1-year low of $101.16 and a 1-year high of $158.00. The firm’s fifty day simple moving average is $124.76 and its 200-day simple moving average is $132.55. The company has a current ratio of 3.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.55.

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

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).

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