Analysts Anticipate Entegris Inc (ENTG) Will Post Quarterly Sales of $383.96 Million

Analysts expect that Entegris Inc (NASDAQ:ENTG) will report $383.96 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Entegris’ earnings, with the highest sales estimate coming in at $400.30 million and the lowest estimate coming in at $378.20 million. Entegris posted sales of $329.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The company is scheduled to report its next earnings report on Thursday, July 26th.

On average, analysts expect that Entegris will report full-year sales of $1.51 billion for the current financial year, with estimates ranging from $1.48 billion to $1.56 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.62 billion per share, with estimates ranging from $1.59 billion to $1.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Entegris.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, April 26th. The semiconductor company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The firm had revenue of $367.20 million during the quarter, compared to the consensus estimate of $358.67 million. Entegris had a net margin of 7.91% and a return on equity of 23.26%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share.

ENTG has been the subject of a number of research reports. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Thursday, February 15th. ValuEngine upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Stifel Nicolaus raised their target price on Entegris from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, March 19th. KeyCorp raised their target price on Entegris from $37.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, March 21st. Finally, Craig Hallum raised their target price on Entegris from $37.00 to $42.50 and gave the company a “buy” rating in a research note on Wednesday, March 21st. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Entegris currently has an average rating of “Buy” and an average target price of $39.20.

In other Entegris news, CFO Gregory B. Graves sold 24,318 shares of the firm’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $37.01, for a total value of $900,009.18. Following the sale, the chief financial officer now directly owns 85,796 shares in the company, valued at $3,175,309.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lido Advisors LLC bought a new stake in shares of Entegris during the first quarter valued at about $229,000. Zeke Capital Advisors LLC bought a new stake in Entegris in the fourth quarter worth about $203,000. First Republic Investment Management Inc. bought a new stake in Entegris in the first quarter worth about $247,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Entegris by 50.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,016 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 2,692 shares in the last quarter. Finally, Capital Fund Management S.A. bought a new stake in Entegris in the fourth quarter worth about $247,000. Institutional investors and hedge funds own 93.45% of the company’s stock.

Entegris stock traded up $0.15 during mid-day trading on Monday, reaching $38.85. The company’s stock had a trading volume of 42,033 shares, compared to its average volume of 983,968. The company has a market cap of $5.40 billion, a PE ratio of 26.94, a P/E/G ratio of 1.84 and a beta of 1.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.79 and a quick ratio of 2.99. Entegris has a twelve month low of $21.77 and a twelve month high of $39.55.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 23rd. Shareholders of record on Wednesday, May 2nd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Tuesday, May 1st. Entegris’s payout ratio is 19.44%.

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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Earnings History and Estimates for Entegris (NASDAQ:ENTG)

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