Entegris (ENTG) Set to Announce Quarterly Earnings on Wednesday

Entegris (NASDAQ:ENTG) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $812.30 million during the quarter, compared to analysts’ expectations 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 company posted $0.83 EPS. On average, analysts expect Entegris to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Entegris Stock Performance

Shares of Entegris stock opened at $126.17 on Wednesday. The firm has a market cap of $19.02 billion, a PE ratio of 106.03 and a beta of 1.32. The firm’s 50-day simple moving average is $136.04 and its 200-day simple moving average is $117.73. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. Entegris has a 1 year low of $69.37 and a 1 year high of $146.91.

Entegris Dividend Announcement

The business 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 $0.10 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Entegris’s dividend payout ratio (DPR) is presently 33.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ENTG shares. KeyCorp upped their target price on shares of Entegris from $136.00 to $164.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research note on Thursday, March 7th. UBS Group increased their price objective on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Craig Hallum upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, February 15th. Finally, BMO Capital Markets increased their price objective on shares of Entegris from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Entegris currently has an average rating of “Moderate Buy” and a consensus price target of $141.64.

Insider Buying and Selling at Entegris

In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the firm’s stock in a transaction that occurred 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 owns 32,730 shares in the company, valued at $4,565,835. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Michael Besnard sold 12,667 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the completion of the transaction, the senior vice president now directly owns 10,213 shares in the company, valued at $1,386,721.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were 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 owns 32,730 shares of the company’s stock, valued at $4,565,835. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,082 shares of company stock worth $5,606,849. 0.67% of the stock is owned by company insiders.

Entegris Company Profile

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).