Entegris (NASDAQ:ENTG) Releases Q2 Earnings Guidance

Entegris (NASDAQ:ENTG) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.68 to $0.73 for the period, compared to the consensus estimate of $0.74. The company issued revenue guidance of $790 million to $810 million, compared to the consensus revenue estimate of $809.36 million. Entegris also updated its Q2 2024 guidance to 0.680-0.730 EPS.

Entegris Price Performance

Entegris stock traded up $5.20 during mid-day trading on Friday, hitting $131.80. 1,600,512 shares of the company were exchanged, compared to its average volume of 1,376,751. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.67. The business’s 50 day simple moving average is $135.27 and its two-hundred day simple moving average is $119.28. The company has a market capitalization of $19.87 billion, a P/E ratio of 63.37 and a beta of 1.31. Entegris has a 12-month low of $72.96 and a 12-month high of $146.91.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. The company had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. Entegris had a return on equity of 11.94% and a net margin of 9.31%. Entegris’s revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Analysts forecast that Entegris will post 3.27 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ENTG. Citigroup lifted their price objective on Entegris from $117.00 to $134.00 and gave the company a neutral rating in a research report on Friday, February 16th. KeyCorp lifted their price objective on Entegris from $136.00 to $164.00 and gave the company an overweight rating in a research report on Thursday, February 15th. BMO Capital Markets lifted their price objective on Entegris from $130.00 to $160.00 and gave the company an outperform rating in a research report on Friday, February 16th. StockNews.com downgraded Entegris from a hold rating to a sell rating in a research report on Thursday, February 22nd. Finally, Craig Hallum raised Entegris from a hold rating to a buy rating and set a $150.00 price objective for the company in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Entegris currently has an average rating of Moderate Buy and a consensus price target of $141.91.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the sale, the senior vice president now owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Entegris news, CAO Michael Sauer sold 1,897 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the transaction, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,082 shares of company stock valued at $5,606,849. Company insiders own 0.67% of the company’s stock.

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).