Entegris (ENTG) Scheduled to Post Quarterly Earnings on Wednesday

Entegris (NASDAQ:ENTG) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Entegris to post earnings of $0.61 per share for the quarter. Entegris has set its Q1 guidance at $0.60-0.65 EPS and its Q1 2024 guidance at 0.600-0.650 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Entegris (NASDAQ:ENTG) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. On average, analysts expect Entegris to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Entegris Stock Up 3.2 %

Shares of NASDAQ ENTG opened at $132.60 on Monday. The business has a 50-day moving average of $135.75 and a two-hundred day moving average of $118.43. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of 111.43 and a beta of 1.32. Entegris has a 1 year low of $71.16 and a 1 year high of $146.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67.

Entegris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is 33.61%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ENTG. Citigroup lifted their price objective on Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. KeyCorp lifted their target price on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Thursday, March 7th. UBS Group upped their target price on Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Entegris has a consensus rating of “Moderate Buy” and an average target price of $141.64.

Insider Activity

In related news, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the sale, the insider now directly owns 32,730 shares of the company’s stock, valued at $4,565,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Michael Besnard sold 12,667 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the sale, the senior vice president now directly owns 10,213 shares of the company’s stock, valued at approximately $1,386,721.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel D. Woodland sold 9,000 shares of Entegris stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the transaction, the insider now directly owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The disclosure for this sale can be found here. In the last three months, insiders sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is currently owned by insiders.

About Entegris

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: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).