$390.38 Million in Sales Expected for Entegris Inc (ENTG) This Quarter

Wall Street analysts forecast that Entegris Inc (NASDAQ:ENTG) will announce sales of $390.38 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Entegris’ earnings. The lowest sales estimate is $389.50 million and the highest is $391.40 million. Entegris posted sales of $350.56 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.4%. The business is scheduled to issue its next earnings report on Tuesday, February 5th.

On average, analysts expect that Entegris will report full year sales of $1.54 billion for the current fiscal year. For the next year, analysts anticipate that the business will report sales of $1.66 billion, with estimates ranging from $1.63 billion to $1.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Entegris.

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

Several brokerages recently issued reports on ENTG. BidaskClub lowered shares of Entegris from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Goldman Sachs Group lowered shares of Entegris from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Tuesday. Zacks Investment Research lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine lowered shares of Entegris from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, Deutsche Bank raised shares of Entegris from a “hold” rating to a “buy” rating and decreased their price target for the company from $40.00 to $38.00 in a report on Monday, October 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Entegris currently has an average rating of “Buy” and an average price target of $40.55.

Institutional investors have recently made changes to their positions in the stock. First Interstate Bank boosted its position in 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 buying an additional 2,015 shares during the period. First Hawaiian Bank acquired a new stake in Entegris during the 3rd quarter worth approximately $137,000. Centaurus Financial Inc. acquired a new stake in Entegris during the 2nd quarter worth approximately $170,000. Gryphon Financial Partners LLC boosted its position in 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 buying an additional 4,423 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Entegris during the 3rd quarter worth approximately $201,000. 94.46% of the stock is currently owned by institutional investors.

ENTG stock opened at $29.26 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.64 and a current ratio of 3.89. Entegris has a 12 month low of $23.39 and a 12 month high of $39.55. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 20.32 and a beta of 1.31.

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).

See Also: Intrinsic Value

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