Analysts expect Entegris Inc (NASDAQ:ENTG) to announce sales of $403.41 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Entegris’ earnings. The highest sales estimate is $404.90 million and the lowest is $402.50 million. Entegris posted sales of $345.59 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The firm is scheduled to issue its next earnings results on Thursday, October 25th.
On average, analysts expect that Entegris will report full year sales of $1.56 billion for the current financial year, with estimates ranging from $1.55 billion to $1.56 billion. For the next year, analysts expect that the company will report sales of $1.71 billion per share, with estimates ranging from $1.70 billion to $1.74 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Entegris.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, July 26th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.04. The business had revenue of $383.06 million during the quarter, compared to the consensus estimate of $378.52 million. Entegris had a net margin of 8.61% and a return on equity of 24.90%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS.
In related news, Director Paul L. H. Olson sold 1,750 shares of the stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $35.76, for a total value of $62,580.00. Following the sale, the director now directly owns 47,704 shares of the company’s stock, valued at approximately $1,705,895.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Gregory B. Graves sold 24,318 shares of the stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $37.01, for a total transaction of $900,009.18. Following the completion of the sale, the chief financial officer now directly owns 85,796 shares in the company, valued at $3,175,309.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,474 shares of company stock worth $1,663,781. 1.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ENTG. Lord Abbett & CO. LLC acquired a new stake in shares of Entegris during the 1st quarter worth about $55,461,000. Opus Capital Group LLC acquired a new stake in shares of Entegris during the 1st quarter worth about $2,235,000. Citigroup Inc. boosted its stake in shares of Entegris by 643.4% during the 1st quarter. Citigroup Inc. now owns 109,779 shares of the semiconductor company’s stock worth $3,820,000 after purchasing an additional 95,011 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Entegris by 5.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 949,572 shares of the semiconductor company’s stock worth $33,046,000 after purchasing an additional 50,688 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Entegris by 0.8% during the 1st quarter. Allianz Asset Management GmbH now owns 599,372 shares of the semiconductor company’s stock worth $20,858,000 after purchasing an additional 4,857 shares during the last quarter. 93.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ENTG traded up $0.55 during trading hours on Monday, reaching $34.05. The company had a trading volume of 1,211,900 shares, compared to its average volume of 979,307. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $4.74 billion, a PE ratio of 23.72, a P/E/G ratio of 1.38 and a beta of 1.42. Entegris has a 12-month low of $24.05 and a 12-month high of $39.55.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 1st were paid a $0.07 dividend. The ex-dividend date was Tuesday, July 31st. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. 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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