Zacks: Brokerages Anticipate Entegris Inc (NASDAQ:ENTG) Will Announce Earnings of $0.45 Per Share

Wall Street brokerages expect Entegris Inc (NASDAQ:ENTG) to post $0.45 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Entegris’ earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.46. Entegris posted earnings per share of $0.46 in the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The business is expected to issue its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Entegris will report full year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.93. For the next financial year, analysts forecast that the business will report earnings of $2.27 per share, with EPS estimates ranging from $2.10 to $2.38. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Entegris.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The business had revenue of $378.90 million for the quarter, compared to the consensus estimate of $382.02 million. Entegris had a net margin of 18.18% and a return on equity of 24.13%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS.

Several brokerages recently commented on ENTG. Deutsche Bank boosted their target price on Entegris from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Goldman Sachs Group raised Entegris from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Monday, June 10th. Loop Capital dropped their target price on Entegris to $46.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. CL King began coverage on Entegris in a report on Thursday, June 20th. They set a “buy” rating and a $44.00 target price on the stock. Finally, BidaskClub raised Entegris from a “hold” rating to a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.50.

In other Entegris news, SVP William James Shaner sold 22,544 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $44.21, for a total value of $996,670.24. Following the transaction, the senior vice president now owns 49,830 shares of the company’s stock, valued at $2,202,984.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory B. Graves sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $40.39, for a total value of $1,211,700.00. Following the completion of the transaction, the chief financial officer now directly owns 67,861 shares in the company, valued at approximately $2,740,905.79. The disclosure for this sale can be found here. Insiders sold 92,276 shares of company stock worth $3,899,454 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Icon Wealth Partners LLC purchased a new position in Entegris during the 1st quarter worth approximately $27,000. Parallel Advisors LLC purchased a new position in Entegris during the 1st quarter worth approximately $34,000. Water Island Capital LLC purchased a new position in Entegris during the 1st quarter worth approximately $36,000. FTB Advisors Inc. grew its position in Entegris by 41.9% during the 1st quarter. FTB Advisors Inc. now owns 1,445 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 427 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in Entegris by 21.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,836 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 322 shares in the last quarter.

Shares of ENTG traded down $0.81 during mid-day trading on Friday, reaching $41.54. 673,127 shares of the company’s stock traded hands, compared to its average volume of 1,394,853. The firm’s 50-day simple moving average is $38.44. The company has a market cap of $5.88 billion, a PE ratio of 21.98 and a beta of 1.36. The company has a quick ratio of 3.66, a current ratio of 4.87 and a debt-to-equity ratio of 0.85. Entegris has a 12 month low of $23.39 and a 12 month high of $45.12.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be issued a $0.08 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. This is a boost from Entegris’s previous quarterly dividend of $0.07. Entegris’s dividend payout ratio is currently 16.93%.

About Entegris

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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Earnings History and Estimates for Entegris (NASDAQ:ENTG)

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