Entegris (NASDAQ:ENTG) Issues Q4 Earnings Guidance

Entegris (NASDAQ:ENTG) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.75-0.82 for the period, compared to the consensus earnings per share estimate of $0.94. The company issued revenue guidance of $810-840 million, compared to the consensus revenue estimate of $878.81 million. Entegris also updated its Q4 2024 guidance to 0.750-0.820 EPS.

Entegris Stock Down 0.4 %

Shares of NASDAQ ENTG traded down $0.36 during midday trading on Tuesday, reaching $100.62. 212,504 shares of the company’s stock were exchanged, compared to its average volume of 1,634,777. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The business’s fifty day moving average price is $109.36 and its two-hundred day moving average price is $121.28. Entegris has a 52-week low of $89.09 and a 52-week high of $147.57. The stock has a market capitalization of $15.19 billion, a PE ratio of 82.77, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. Analysts forecast that Entegris will post 3.13 EPS for the current year.

Entegris Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend payout ratio is currently 32.79%.

Analysts Set New Price Targets

ENTG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $150.00 price target on shares of Entegris in a research report on Thursday, August 1st. KeyCorp decreased their price objective on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research report on Tuesday. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Thursday, August 1st. Finally, Craig Hallum dropped their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $140.40.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).