Analysts expect Entegris Inc (NASDAQ:ENTG) to post sales of $390.38 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Entegris’ earnings, with the lowest sales estimate coming in at $389.50 million and the highest estimate coming in at $391.40 million. Entegris reported sales of $350.56 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.4%. The business is scheduled to announce its next earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that Entegris will report full year sales of $1.54 billion for the current year. For the next financial year, analysts anticipate that the company will post sales of $1.66 billion, with estimates ranging from $1.63 billion to $1.69 billion. Zacks’ sales averages are an average based on a survey of research analysts that cover Entegris.
Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Entegris had a return on equity of 25.34% and a net margin of 8.78%. The business had revenue of $398.60 million during the quarter, compared to analysts’ expectations of $401.79 million.
A number of research firms recently weighed in on ENTG. Deutsche Bank raised Entegris from a “hold” rating to a “buy” rating and reduced their price objective for the company from $40.00 to $38.00 in a research report on Monday, October 1st. BidaskClub lowered Entegris from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research lowered Entegris from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Goldman Sachs Group lowered Entegris from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, Loop Capital set a $46.00 price objective on Entegris and gave the company a “buy” rating in a research report on Saturday, July 28th. Three research analysts have rated the stock with a sell rating and ten have given a buy rating to the company’s stock. Entegris currently has an average rating of “Buy” and a consensus price target of $41.60.
Shares of NASDAQ:ENTG traded down $0.92 during trading on Friday, hitting $26.77. The stock had a trading volume of 1,185,884 shares, compared to its average volume of 1,436,918. Entegris has a 12 month low of $23.39 and a 12 month high of $39.55. The firm has a market capitalization of $3.93 billion, a P/E ratio of 18.59 and a beta of 1.43. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.64 and a current ratio of 3.89.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, October 30th. Entegris’s dividend payout ratio (DPR) is presently 19.44%.
In related news, Director James Gentilcore sold 14,868 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $33.92, for a total transaction of $504,322.56. Following the completion of the transaction, the director now owns 4,090 shares of the company’s stock, valued at approximately $138,732.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Entegris by 32.5% in the 3rd quarter. FMR LLC now owns 4,786,867 shares of the semiconductor company’s stock worth $138,580,000 after purchasing an additional 1,174,866 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Entegris by 14.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 2,707,416 shares of the semiconductor company’s stock worth $91,781,000 after purchasing an additional 343,038 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Entegris by 43.1% in the 3rd quarter. Janus Henderson Group PLC now owns 2,327,942 shares of the semiconductor company’s stock worth $67,394,000 after purchasing an additional 701,141 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Entegris by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,301,601 shares of the semiconductor company’s stock worth $66,632,000 after purchasing an additional 45,779 shares in the last quarter. Finally, Carillon Tower Advisers Inc. increased its holdings in shares of Entegris by 30.1% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 2,189,408 shares of the semiconductor company’s stock worth $74,221,000 after purchasing an additional 506,109 shares in the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.
Entegris Company Profile
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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