Entegris, Inc. (NASDAQ:ENTG) Expected to Announce Earnings of $1.05 Per Share

Wall Street brokerages forecast that Entegris, Inc. (NASDAQ:ENTGGet Rating) will post $1.05 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Entegris’ earnings. The lowest EPS estimate is $1.03 and the highest is $1.07. Entegris reported earnings per share of $0.85 in the same quarter last year, which indicates a positive year-over-year growth rate of 23.5%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Entegris will report full year earnings of $4.32 per share for the current year, with EPS estimates ranging from $4.26 to $4.35. For the next financial year, analysts anticipate that the business will post earnings of $4.80 per share, with EPS estimates ranging from $4.45 to $5.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Entegris.

Entegris (NASDAQ:ENTGGet Rating) last issued its earnings results on Tuesday, April 26th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. Entegris had a return on equity of 31.17% and a net margin of 18.48%. The business had revenue of $649.65 million during the quarter, compared to analysts’ expectations of $640.85 million. During the same period in the prior year, the firm posted $0.70 EPS. Entegris’s quarterly revenue was up 26.7% compared to the same quarter last year.

A number of equities research analysts recently weighed in on ENTG shares. StockNews.com started coverage on Entegris in a report on Thursday, March 31st. They set a “hold” rating for the company. Stifel Nicolaus raised their price target on Entegris from $180.00 to $186.00 in a report on Tuesday, April 26th. Seaport Res Ptn raised Entegris from a “neutral” rating to a “buy” rating in a report on Tuesday, January 18th. KeyCorp dropped their price target on Entegris from $183.00 to $150.00 in a report on Wednesday, April 27th. Finally, Zacks Investment Research lowered Entegris from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Entegris has an average rating of “Buy” and an average target price of $154.00.

Shares of ENTG opened at $109.24 on Friday. The stock has a 50 day simple moving average of $119.83 and a 200-day simple moving average of $130.65. Entegris has a 1 year low of $99.82 and a 1 year high of $158.00. The stock has a market cap of $14.84 billion, a PE ratio of 33.10 and a beta of 1.16. The company has a current ratio of 3.68, a quick ratio of 2.22 and a debt-to-equity ratio of 0.51.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 4th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Entegris’s payout ratio is 12.12%.

In other news, CFO Gregory B. Graves sold 12,142 shares of the firm’s stock in a transaction on Thursday, March 31st. The stock was 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 SEC, which is available through this link. Also, SVP Corey Rucci sold 2,130 shares of the firm’s stock in a transaction on Tuesday, March 29th. The stock was 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 a total of 49,257 shares of company stock worth $6,606,256 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Proficio Capital Partners LLC raised its stake in Entegris by 115.5% during the 1st quarter. Proficio Capital Partners LLC now owns 4,188 shares of the semiconductor company’s stock worth $550,000 after buying an additional 2,245 shares during the period. Verition Fund Management LLC raised its stake in Entegris by 74.0% during the 1st quarter. Verition Fund Management LLC now owns 40,597 shares of the semiconductor company’s stock worth $5,329,000 after buying an additional 17,261 shares during the period. Stonebridge Capital Advisors LLC raised its stake in Entegris by 3,909.1% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 882 shares of the semiconductor company’s stock worth $116,000 after buying an additional 860 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Entegris by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 773,422 shares of the semiconductor company’s stock worth $101,520,000 after buying an additional 21,041 shares during the period. Finally, Lazard Asset Management LLC raised its stake in Entegris by 164,200.0% during the 1st quarter. Lazard Asset Management LLC now owns 11,501 shares of the semiconductor company’s stock worth $1,509,000 after buying an additional 11,494 shares during the period. 97.32% of the stock is currently owned by institutional investors and hedge funds.

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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