Brokerages Expect Entegris, Inc. (NASDAQ:ENTG) Will Announce Earnings of $0.79 Per Share

Equities analysts expect Entegris, Inc. (NASDAQ:ENTG) to report $0.79 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Entegris’ earnings. The highest EPS estimate is $0.80 and the lowest is $0.78. Entegris reported earnings per share of $0.60 during the same quarter last year, which indicates a positive year-over-year growth rate of 31.7%. The business is scheduled to report its next quarterly earnings report on Thursday, July 22nd.

According to Zacks, analysts expect that Entegris will report full-year earnings of $3.19 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.20. For the next fiscal year, analysts forecast that the business will report earnings of $3.66 per share, with EPS estimates ranging from $3.55 to $3.75. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Entegris.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Tuesday, April 27th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.02). The company had revenue of $512.80 million during the quarter, compared to analysts’ expectations of $518.05 million. Entegris had a net margin of 16.26% and a return on equity of 27.38%. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share.

ENTG has been the topic of several research analyst reports. UBS Group initiated coverage on shares of Entegris in a report on Wednesday, April 21st. They issued a “neutral” rating and a $120.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Entegris from $120.00 to $125.00 and gave the company a “hold” rating in a report on Wednesday, April 28th. Wolfe Research began coverage on shares of Entegris in a report on Wednesday. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research upgraded shares of Entegris from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research note on Tuesday, April 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Entegris currently has a consensus rating of “Buy” and a consensus target price of $108.73.

Shares of ENTG opened at $115.57 on Tuesday. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of 49.60 and a beta of 1.26. Entegris has a 12-month low of $56.16 and a 12-month high of $126.41. The firm has a 50-day moving average of $113.58. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.33 and a current ratio of 4.67.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 19th. Stockholders of record on Wednesday, April 28th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Tuesday, April 27th. Entegris’s dividend payout ratio is presently 12.60%.

In other news, CEO Bertrand Loy sold 300,444 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $120.69, for a total transaction of $36,260,586.36. Following the completion of the transaction, the chief executive officer now directly owns 640,898 shares of the company’s stock, valued at $77,349,979.62. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian F. Sullivan sold 2,567 shares of the business’s stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $114.51, for a total value of $293,947.17. Following the transaction, the director now directly owns 97,521 shares of the company’s stock, valued at $11,167,129.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 555,562 shares of company stock valued at $66,632,939. Corporate insiders own 1.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in ENTG. Childress Capital Advisors LLC acquired a new position in shares of Entegris during the fourth quarter worth about $26,000. Allred Capital Management LLC acquired a new position in Entegris in the first quarter valued at approximately $40,000. Logan Capital Management Inc. acquired a new position in Entegris in the first quarter valued at approximately $40,000. KB Financial Partners LLC acquired a new position in Entegris in the first quarter valued at approximately $42,000. Finally, First Horizon Corp boosted its holdings in Entegris by 71.9% in the fourth quarter. First Horizon Corp now owns 452 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 189 shares in the last quarter. 94.04% 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 in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

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Earnings History and Estimates for Entegris (NASDAQ:ENTG)

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