Analysts Expect Entegris, Inc. (ENTG) to Announce $0.37 Earnings Per Share

Brokerages expect that Entegris, Inc. (NASDAQ:ENTG) will post earnings of $0.37 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Entegris’ earnings. The highest EPS estimate is $0.38 and the lowest is $0.36. Entegris posted earnings per share of $0.24 during the same quarter last year, which would suggest a positive year over year growth rate of 54.2%. The business is expected to announce its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Entegris will report full year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.40. For the next year, analysts forecast that the company will post earnings of $1.58 per share, with EPS estimates ranging from $1.52 to $1.69. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Entegris.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. Entegris had a net margin of 10.73% and a return on equity of 18.82%. The company had revenue of $345.60 million for the quarter, compared to the consensus estimate of $334.30 million. During the same period last year, the company earned $0.24 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year.

A number of analysts have recently issued reports on ENTG shares. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Entegris in a report on Friday, October 27th. Loop Capital started coverage on shares of Entegris in a report on Thursday, September 28th. They issued a “buy” rating and a $35.00 price objective on the stock. Dougherty & Co lifted their price objective on shares of Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, October 27th. Seaport Global Securities started coverage on shares of Entegris in a report on Friday, December 15th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $32.55.

In related news, VP Corey Rucci sold 3,528 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $32.68, for a total value of $115,295.04. Following the completion of the transaction, the vice president now directly owns 22,436 shares of the company’s stock, valued at $733,208.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul L. H. Olson sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $30.21, for a total transaction of $90,630.00. Following the completion of the transaction, the director now directly owns 45,364 shares of the company’s stock, valued at $1,370,446.44. The disclosure for this sale can be found here. Insiders sold 21,296 shares of company stock valued at $666,592 over the last three months. 1.50% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Entegris by 2.2% during the second quarter. Vanguard Group Inc. now owns 11,453,733 shares of the semiconductor company’s stock worth $251,409,000 after purchasing an additional 244,694 shares during the period. BlackRock Inc. boosted its position in Entegris by 15.8% during the second quarter. BlackRock Inc. now owns 11,450,690 shares of the semiconductor company’s stock worth $251,344,000 after purchasing an additional 1,564,866 shares during the period. FMR LLC boosted its position in Entegris by 54.8% during the second quarter. FMR LLC now owns 3,904,882 shares of the semiconductor company’s stock worth $85,712,000 after purchasing an additional 1,381,882 shares during the period. State Street Corp boosted its position in Entegris by 5.7% during the second quarter. State Street Corp now owns 2,842,071 shares of the semiconductor company’s stock worth $62,383,000 after purchasing an additional 152,890 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Entegris by 9.3% during the third quarter. Victory Capital Management Inc. now owns 2,478,586 shares of the semiconductor company’s stock worth $71,507,000 after purchasing an additional 211,759 shares during the period. 96.17% of the stock is owned by hedge funds and other institutional investors.

Entegris (NASDAQ:ENTG) traded down $0.40 during midday trading on Thursday, hitting $30.65. 596,903 shares of the stock were exchanged, compared to its average volume of 867,807. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.40. Entegris has a 12 month low of $17.65 and a 12 month high of $33.05. The firm has a market capitalization of $4,383.30, a P/E ratio of 24.41, a PEG ratio of 1.98 and a beta of 1.52.

The company also recently announced a special dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were paid a $0.07 dividend. The ex-dividend date was Tuesday, October 31st. Entegris’s dividend payout ratio is presently 7.22%.

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Entegris Company Profile

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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Earnings History and Estimates for Entegris (NASDAQ:ENTG)

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