Entegris (NASDAQ:ENTG) Issues Q2 Earnings Guidance

Entegris (NASDAQ:ENTGGet Rating) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.02-$1.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.02. The company issued revenue guidance of $660-$680 million, compared to the consensus revenue estimate of $663.86 million.Entegris also updated its Q2 2022 guidance to $1.020-$1.070 EPS.

Entegris stock opened at $114.59 on Tuesday. Entegris has a fifty-two week low of $101.16 and a fifty-two week high of $158.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.21 and a current ratio of 3.47. The firm has a 50 day moving average price of $124.37 and a 200 day moving average price of $132.58. The company has a market capitalization of $15.57 billion, a PE ratio of 38.20 and a beta of 1.11.

Entegris (NASDAQ:ENTGGet Rating) last posted its earnings results on Tuesday, February 1st. The semiconductor company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.07. Entegris had a net margin of 17.80% and a return on equity of 29.95%. The firm had revenue of $635.20 million during the quarter, compared to the consensus estimate of $592.51 million. During the same quarter last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. As a group, equities research analysts forecast that Entegris will post 4.16 earnings per share for the current year.

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 $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 3rd. This represents a $0.40 annualized dividend and a yield of 0.35%. Entegris’s dividend payout ratio (DPR) is presently 13.33%.

Several brokerages have commented on ENTG. Mizuho raised shares of Entegris from a neutral rating to a buy rating and set a $158.00 price target for the company in a research report on Wednesday, February 2nd. 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 research report on Wednesday, April 13th. StockNews.com began coverage on shares of Entegris in a research 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 research report on Tuesday, April 5th. Finally, Seaport Res Ptn raised shares of Entegris from a neutral rating to a buy rating in a research report on Tuesday, January 18th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $169.11.

In related news, COO Todd James Edlund sold 9,696 shares of Entegris 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Corey Rucci sold 2,130 shares of Entegris stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total value of $298,200.00. 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 90 days. 0.61% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new stake in shares of Entegris in the 4th quarter valued at approximately $42,000. KB Financial Partners LLC bought a new position in shares of Entegris in the fourth quarter worth $46,000. Penserra Capital Management LLC lifted its holdings in shares of Entegris by 24.6% in the fourth quarter. Penserra Capital Management LLC now owns 603 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 119 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Entegris by 229.1% in the fourth quarter. Advisors Asset Management Inc. now owns 1,267 shares of the semiconductor company’s stock valued at $176,000 after buying an additional 882 shares during the period. Finally, Forum Financial Management LP acquired a new stake in shares of Entegris in the fourth quarter valued at $229,000. 98.45% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Entegris (NASDAQ:ENTG)

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