Equities research analysts expect Entegris Inc (NASDAQ:ENTG) to announce earnings of $0.25 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Entegris’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.25. Entegris reported earnings per share of $0.17 during the same quarter last year, which indicates a positive year-over-year growth rate of 47.1%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, April 27th.
According to Zacks, analysts expect that Entegris will report full year earnings of $1.04 per share for the current year, with EPS estimates ranging from $1.00 to $1.07. For the next financial year, analysts anticipate that the business will report earnings of $1.18 per share. 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, February 2nd. The semiconductor company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The company had revenue of $308.50 million for the quarter, compared to analysts’ expectations of $282.88 million. Entegris had a return on equity of 15.45% and a net margin of 8.27%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share.
Several brokerages recently weighed in on ENTG. Citigroup Inc increased their price objective on shares of Entegris from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, March 20th. Needham & Company LLC restated a “positive” rating and issued a $25.00 price objective on shares of Entegris in a report on Tuesday, March 21st. Aegis began coverage on shares of Entegris in a report on Friday, March 17th. They issued a “buy” rating and a $29.00 price objective on the stock. Goldman Sachs Group Inc started coverage on shares of Entegris in a report on Friday, February 10th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Dougherty & Co upped their target price on shares of Entegris from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.88.
Entegris (NASDAQ:ENTG) remained flat at $23.90 during midday trading on Tuesday. 608,391 shares of the company traded hands. Entegris has a 12-month low of $12.79 and a 12-month high of $24.05. The stock has a market cap of $3.38 billion, a P/E ratio of 35.15 and a beta of 1.43. The stock has a 50 day moving average of $22.62 and a 200 day moving average of $19.39.
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In other news, VP Corey Rucci sold 7,247 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $21.68, for a total transaction of $157,114.96. Following the completion of the sale, the vice president now owns 30,378 shares of the company’s stock, valued at $658,595.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John J. Murphy sold 2,626 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $21.65, for a total transaction of $56,852.90. Following the sale, the senior vice president now directly owns 64,582 shares of the company’s stock, valued at approximately $1,398,200.30. The disclosure for this sale can be found here. Insiders have sold 160,580 shares of company stock valued at $3,543,915 in the last three months. 1.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Entegris by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,820,329 shares of the semiconductor company’s stock valued at $86,285,000 after buying an additional 137,631 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of Entegris by 6.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 4,689,604 shares of the semiconductor company’s stock valued at $83,944,000 after buying an additional 264,977 shares during the last quarter. Northern Trust Corp boosted its position in shares of Entegris by 0.3% in the third quarter. Northern Trust Corp now owns 3,962,442 shares of the semiconductor company’s stock valued at $69,025,000 after buying an additional 11,332 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Entegris by 7.5% in the third quarter. BlackRock Fund Advisors now owns 3,678,102 shares of the semiconductor company’s stock valued at $64,073,000 after buying an additional 255,929 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Entegris by 2.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,611,462 shares of the semiconductor company’s stock valued at $62,912,000 after buying an additional 100,127 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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