Q3 2017 Earnings Estimate for Entegris, Inc. Issued By KeyCorp (NASDAQ:ENTG)
Entegris, Inc. (NASDAQ:ENTG) – Investment analysts at KeyCorp raised their Q3 2017 earnings per share estimates for shares of Entegris in a research report issued to clients and investors on Thursday. KeyCorp analyst W. Twigg now anticipates that the semiconductor company will post earnings per share of $0.34 for the quarter, up from their previous forecast of $0.30. KeyCorp also issued estimates for Entegris’ Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $1.29 EPS, Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.38 EPS and FY2018 earnings at $1.42 EPS.
Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The business had revenue of $329 million during the quarter, compared to analyst estimates of $324.51 million. Entegris had a return on equity of 17.04% and a net margin of 9.63%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share.
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Other equities research analysts also recently issued reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $29.00 price target (up from $28.00) on shares of Entegris in a report on Sunday. Dougherty & Co increased their price target on Entegris from $27.50 to $30.00 and gave the stock a “buy” rating in a report on Friday. BidaskClub downgraded Entegris from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) raised Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price target for the company in a report on Monday, May 22nd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Entegris presently has an average rating of “Buy” and a consensus price target of $26.50.
Shares of Entegris (NASDAQ ENTG) opened at 26.45 on Monday. Entegris has a one year low of $14.73 and a one year high of $27.20. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 31.45 and a beta of 1.44. The stock has a 50 day moving average price of $24.13 and a 200 day moving average price of $22.84.
A number of large investors have recently added to or reduced their stakes in ENTG. First Interstate Bank raised its stake in shares of Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 70 shares during the last quarter. Strs Ohio raised its stake in shares of Entegris by 6.3% in the second quarter. Strs Ohio now owns 18,700 shares of the semiconductor company’s stock valued at $410,000 after buying an additional 1,100 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Entegris by 5.0% in the first quarter. Legal & General Group Plc now owns 45,943 shares of the semiconductor company’s stock valued at $1,070,000 after buying an additional 2,194 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Entegris by 7.8% in the second quarter. Bessemer Group Inc. now owns 36,128 shares of the semiconductor company’s stock valued at $793,000 after buying an additional 2,628 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Entegris by 1.6% in the first quarter. Swiss National Bank now owns 232,400 shares of the semiconductor company’s stock valued at $5,438,000 after buying an additional 3,700 shares during the last quarter. 97.87% of the stock is owned by institutional investors.
In other Entegris news, Director James P. Lederer sold 3,391 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $24.78, for a total value of $84,028.98. Following the completion of the sale, the director now owns 9,735 shares of the company’s stock, valued at $241,233.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian F. Sullivan sold 9,735 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $25.96, for a total value of $252,720.60. Following the completion of the sale, the director now directly owns 98,611 shares of the company’s stock, valued at approximately $2,559,941.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,149 shares of company stock valued at $2,816,633. Corporate insiders own 1.70% of the company’s stock.
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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