Analysts predict that Entegris Inc (NASDAQ:ENTG) will announce earnings per share (EPS) of $0.49 for the current quarter, according to Zacks. Four analysts have made estimates for Entegris’ earnings, with estimates ranging from $0.49 to $0.50. Entegris posted earnings per share of $0.40 in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, October 25th.
According to Zacks, analysts expect that Entegris will report full year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.90 to $1.98. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.21 per share, with EPS estimates ranging from $2.18 to $2.26. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Entegris.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. Entegris had a net margin of 8.61% and a return on equity of 24.90%. The firm had revenue of $383.06 million during the quarter, compared to analysts’ expectations of $378.52 million. During the same quarter in the previous year, the company posted $0.34 EPS. Entegris’s revenue was up 16.4% on a year-over-year basis.
Several research analysts recently weighed in on the stock. Needham & Company LLC boosted their price objective on shares of Entegris from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, June 8th. Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Tuesday, June 12th. BidaskClub cut shares of Entegris from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. ValuEngine cut shares of Entegris from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, Loop Capital set a $46.00 target price on shares of Entegris and gave the stock a “buy” rating in a report on Saturday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $42.00.
In related news, Director Brian F. Sullivan sold 5,133 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $36.65, for a total value of $188,124.45. Following the completion of the transaction, the director now directly owns 103,294 shares of the company’s stock, valued at approximately $3,785,725.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul L. H. Olson sold 1,750 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $35.76, for a total transaction of $62,580.00. Following the completion of the transaction, the director now directly owns 47,704 shares of the company’s stock, valued at $1,705,895.04. The disclosure for this sale can be found here. Insiders sold a total of 36,024 shares of company stock valued at $1,268,095 in the last three months. 1.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Westpac Banking Corp lifted its position in Entegris by 31.1% during the 1st quarter. Westpac Banking Corp now owns 28,800 shares of the semiconductor company’s stock worth $1,002,000 after buying an additional 6,838 shares in the last quarter. American Century Companies Inc. lifted its position in Entegris by 122.1% during the 1st quarter. American Century Companies Inc. now owns 609,228 shares of the semiconductor company’s stock worth $21,201,000 after buying an additional 334,905 shares in the last quarter. Parametrica Management Ltd bought a new stake in Entegris during the 1st quarter worth about $388,000. Opus Capital Group LLC bought a new stake in Entegris during the 1st quarter worth about $2,235,000. Finally, Swiss National Bank lifted its position in Entegris by 2.2% during the 1st quarter. Swiss National Bank now owns 246,800 shares of the semiconductor company’s stock worth $8,589,000 after buying an additional 5,300 shares in the last quarter. 93.67% of the stock is owned by hedge funds and other institutional investors.
ENTG stock opened at $30.37 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.79 and a quick ratio of 2.49. Entegris has a fifty-two week low of $25.35 and a fifty-two week high of $39.55. The company has a market capitalization of $4.69 billion, a P/E ratio of 18.70 and a beta of 1.40.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 1st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, July 31st. Entegris’s dividend payout ratio (DPR) is 19.44%.
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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