$0.33 EPS Expected for Entegris, Inc. (ENTG) This Quarter
Wall Street brokerages predict that Entegris, Inc. (NASDAQ:ENTG) will post earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Entegris’ earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.33. Entegris posted earnings of $0.24 per share during the same quarter last year, which would suggest a positive year over year growth rate of 37.5%. The firm is scheduled to issue its next earnings results on Wednesday, October 25th.
On average, analysts expect that Entegris will report full-year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.29. For the next financial year, analysts expect that the firm will post earnings of $1.40 per share, with EPS estimates ranging from $1.38 to $1.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Entegris.
Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $329 million for the quarter, compared to analysts’ expectations of $324.51 million. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share.
Several equities research analysts recently issued reports on ENTG shares. BidaskClub lowered Entegris from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research raised Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating and set a $29.00 price objective (up previously from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Dougherty & Co lifted their price objective on Entegris from $27.50 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG started coverage on Entegris in a research note on Wednesday, July 5th. They set a “hold” rating and a $24.00 price objective for the company. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Entegris currently has a consensus rating of “Buy” and an average price target of $27.50.
Shares of Entegris (ENTG) traded up 2.63% during mid-day trading on Wednesday, hitting $25.35. 646,819 shares of the company were exchanged. Entegris has a 12-month low of $14.73 and a 12-month high of $27.20. The stock has a market cap of $3.59 billion, a PE ratio of 30.14 and a beta of 1.47. The stock’s 50-day moving average price is $24.76 and its 200 day moving average price is $23.64.
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In related news, Director Brian F. Sullivan sold 9,735 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $25.96, for a total transaction of $252,720.60. Following the transaction, the director now owns 98,611 shares in the company, valued at approximately $2,559,941.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Nicholas Burns sold 4,901 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $24.51, for a total value of $120,123.51. Following the transaction, the director now owns 51,272 shares in the company, valued at approximately $1,256,676.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,999 shares of company stock worth $1,992,670. 1.70% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Entegris by 26,099.4% in the first quarter. BlackRock Inc. now owns 9,885,824 shares of the semiconductor company’s stock worth $231,328,000 after buying an additional 9,848,091 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Entegris by 285.8% in the second quarter. Eagle Asset Management Inc. now owns 2,324,644 shares of the semiconductor company’s stock worth $51,025,000 after buying an additional 1,722,099 shares in the last quarter. FMR LLC increased its position in shares of Entegris by 169.6% in the first quarter. FMR LLC now owns 2,523,000 shares of the semiconductor company’s stock worth $59,038,000 after buying an additional 1,587,200 shares in the last quarter. Rothschild Asset Management Inc. acquired a new position in shares of Entegris during the second quarter worth about $12,573,000. Finally, Ameriprise Financial Inc. increased its position in shares of Entegris by 54.7% in the first quarter. Ameriprise Financial Inc. now owns 1,514,429 shares of the semiconductor company’s stock worth $35,440,000 after buying an additional 535,460 shares in the last quarter. Institutional investors own 95.30% 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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