Equities analysts expect Entegris Inc (NASDAQ:ENTG) to report $0.47 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Entegris’ earnings. The highest EPS estimate is $0.48 and the lowest is $0.46. Entegris also posted earnings of $0.47 per share during the same quarter last year. The company is scheduled to report its next earnings report on Thursday, April 25th.
On average, analysts expect that Entegris will report full year earnings of $2.01 per share for the current year, with EPS estimates ranging from $2.00 to $2.01. For the next fiscal year, analysts anticipate that the company will post earnings of $2.31 per share, with EPS estimates ranging from $2.30 to $2.32. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Entegris.
Entegris (NASDAQ:ENTG) last released its earnings results on Tuesday, February 5th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. Entegris had a return on equity of 25.86% and a net margin of 15.53%. The firm had revenue of $401.60 million for the quarter, compared to analysts’ expectations of $398.98 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis.
A number of research analysts have issued reports on ENTG shares. Goldman Sachs Group cut Entegris from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Tuesday, January 8th. Zacks Investment Research cut Entegris from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. ValuEngine upgraded Entegris from a “sell” rating to a “hold” rating in a report on Friday, December 28th. BidaskClub upgraded Entegris from a “sell” rating to a “hold” rating in a report on Friday, December 28th. Finally, Seaport Global Securities cut Entegris from a “buy” rating to a “neutral” rating in a report on Thursday, February 28th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Entegris has a consensus rating of “Buy” and a consensus target price of $42.17.
In other news, COO Todd James Edlund sold 32,977 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $35.08, for a total transaction of $1,156,833.16. Following the sale, the chief operating officer now directly owns 147,556 shares in the company, valued at $5,176,264.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Michael Sauer sold 3,788 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $36.61, for a total value of $138,678.68. Following the completion of the sale, the vice president now owns 12,782 shares in the company, valued at $467,949.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,508 shares of company stock worth $3,019,111. Company insiders own 1.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Sumitomo Life Insurance Co. boosted its holdings in Entegris by 1.8% in the fourth quarter. Sumitomo Life Insurance Co. now owns 30,267 shares of the semiconductor company’s stock valued at $844,000 after acquiring an additional 549 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Entegris by 3.6% in the third quarter. Neuberger Berman Group LLC now owns 19,155 shares of the semiconductor company’s stock valued at $555,000 after acquiring an additional 657 shares during the last quarter. Advisor Group Inc. boosted its holdings in Entegris by 3.0% in the fourth quarter. Advisor Group Inc. now owns 27,953 shares of the semiconductor company’s stock valued at $780,000 after acquiring an additional 817 shares during the last quarter. First Interstate Bank boosted its holdings in Entegris by 22.1% in the fourth quarter. First Interstate Bank now owns 5,450 shares of the semiconductor company’s stock valued at $152,000 after acquiring an additional 985 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Entegris by 11.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,646 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 993 shares during the last quarter.
Entegris stock traded up $0.03 during midday trading on Tuesday, reaching $35.19. The company’s stock had a trading volume of 959,335 shares, compared to its average volume of 2,164,510. Entegris has a 52 week low of $23.39 and a 52 week high of $40.17. The company has a quick ratio of 2.82, a current ratio of 3.82 and a debt-to-equity ratio of 0.92. The stock has a market cap of $4.74 billion, a PE ratio of 18.62 and a beta of 1.32.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Wednesday, January 30th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Tuesday, January 29th. Entegris’s dividend payout ratio (DPR) is currently 14.81%.
Entegris, Inc develops, manufactures, and supplies micro contamination 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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