$0.46 EPS Expected for Entegris Inc (ENTG) This Quarter

Wall Street analysts expect that Entegris Inc (NASDAQ:ENTG) will post earnings of $0.46 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Entegris’ earnings, with estimates ranging from $0.44 to $0.47. Entegris reported earnings per share of $0.42 during the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The firm is expected to report its next quarterly earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Entegris will report full-year earnings of $1.88 per share for the current year, with EPS estimates ranging from $1.86 to $1.89. For the next financial year, analysts forecast that the firm will post earnings of $2.07 per share, with EPS estimates ranging from $2.00 to $2.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Entegris.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, October 25th. The semiconductor company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). The business had revenue of $398.60 million during the quarter, compared to analyst estimates of $401.79 million. Entegris had a net margin of 8.78% and a return on equity of 25.34%.

A number of analysts have commented on the stock. BidaskClub downgraded shares of Entegris from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Goldman Sachs Group downgraded shares of Entegris from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, September 12th. ValuEngine downgraded shares of Entegris from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Finally, Deutsche Bank upgraded shares of Entegris from a “hold” rating to a “buy” rating and cut their price target for the stock from $40.00 to $38.00 in a report on Monday, October 1st. Three analysts have rated the stock with a sell rating and ten have issued a buy rating to the company. Entegris presently has a consensus rating of “Buy” and a consensus price target of $41.60.

ENTG stock traded up $0.46 during mid-day trading on Friday, reaching $29.40. The company’s stock had a trading volume of 1,076,944 shares, compared to its average volume of 925,276. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 20.42 and a beta of 1.43. The company has a current ratio of 3.89, a quick ratio of 2.64 and a debt-to-equity ratio of 0.60. Entegris has a fifty-two week low of $23.39 and a fifty-two week high of $39.55.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, October 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.95%. Entegris’s payout ratio is currently 19.44%.

Large investors have recently bought and sold shares of the stock. First Interstate Bank boosted its position in shares of Entegris by 82.2% during the 3rd quarter. First Interstate Bank now owns 4,465 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 2,015 shares during the period. First Hawaiian Bank purchased a new position in shares of Entegris during the 3rd quarter worth approximately $137,000. Centaurus Financial Inc. purchased a new position in shares of Entegris during the 2nd quarter worth approximately $170,000. Gryphon Financial Partners LLC boosted its position in shares of Entegris by 225.0% during the 3rd quarter. Gryphon Financial Partners LLC now owns 6,389 shares of the semiconductor company’s stock worth $185,000 after purchasing an additional 4,423 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Entegris during the 3rd quarter worth approximately $201,000. 94.76% of the stock is owned by hedge funds and other institutional investors.

About Entegris

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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