Entegris Inc (ENTG) Expected to Announce Earnings of $0.49 Per Share

Brokerages expect Entegris Inc (NASDAQ:ENTG) to announce $0.49 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Entegris’ earnings. The lowest EPS estimate is $0.49 and the highest is $0.50. Entegris reported earnings per share of $0.40 in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.5%. The company is expected to issue its next earnings report before the market opens on Thursday, October 25th.

On average, analysts expect that Entegris will report full-year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.90 to $1.98. For the next fiscal year, analysts anticipate that the business will report earnings of $2.19 per share, with EPS estimates ranging from $2.10 to $2.26. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow 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 consensus estimate of $0.45 by $0.04. Entegris had a return on equity of 24.90% and a net margin of 8.61%. The firm had revenue of $383.06 million during the quarter, compared to the consensus estimate of $378.52 million. During the same period in the prior year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year.

ENTG has been the subject of several recent research reports. BidaskClub downgraded Entegris from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Zacks Investment Research upgraded Entegris from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Tuesday, June 12th. Goldman Sachs Group downgraded Entegris from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. ValuEngine downgraded Entegris from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Finally, Deutsche Bank upgraded Entegris from a “hold” rating to a “buy” rating and lowered their target price for the company from $40.00 to $38.00 in a research note on Monday, October 1st. Three equities research analysts have rated the stock with a sell rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.60.

In other news, SVP Stuart Tison sold 8,630 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $36.01, for a total transaction of $310,766.30. Following the completion of the sale, the senior vice president now directly owns 78,402 shares in the company, valued at $2,823,256.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul L. H. Olson sold 1,750 shares of the firm’s 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 owns 47,704 shares of the company’s stock, valued at $1,705,895.04. The disclosure for this sale can be found here. Insiders have sold 36,024 shares of company stock valued at $1,268,095 over the last 90 days. Insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in ENTG. First Republic Investment Management Inc. bought a new stake in shares of Entegris during the first quarter valued at about $247,000. California Public Employees Retirement System increased its position in shares of Entegris by 13.9% during the first quarter. California Public Employees Retirement System now owns 215,624 shares of the semiconductor company’s stock valued at $7,504,000 after buying an additional 26,320 shares during the period. Russell Investments Group Ltd. increased its position in shares of Entegris by 26.2% during the first quarter. Russell Investments Group Ltd. now owns 143,093 shares of the semiconductor company’s stock valued at $4,980,000 after buying an additional 29,724 shares during the period. Principal Financial Group Inc. increased its position in shares of Entegris by 25.1% during the first quarter. Principal Financial Group Inc. now owns 1,400,610 shares of the semiconductor company’s stock valued at $48,741,000 after buying an additional 280,718 shares during the period. Finally, Allianz Asset Management GmbH increased its position in shares of Entegris by 0.8% during the first quarter. Allianz Asset Management GmbH now owns 599,372 shares of the semiconductor company’s stock valued at $20,858,000 after buying an additional 4,857 shares during the period. Institutional investors own 94.18% of the company’s stock.

NASDAQ ENTG traded down $0.75 during trading hours on Monday, hitting $27.28. The company had a trading volume of 38,759 shares, compared to its average volume of 1,004,079. Entegris has a fifty-two week low of $27.44 and a fifty-two week high of $39.55. The company has a market cap of $4.10 billion, a P/E ratio of 18.94 and a beta of 1.41. The company has a current ratio of 3.79, a quick ratio of 2.49 and a debt-to-equity ratio of 0.62.

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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Earnings History and Estimates for Entegris (NASDAQ:ENTG)

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