Entegris (ENTG) Scheduled to Post Earnings on Wednesday

Entegris (NASDAQ:ENTG) is set to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Entegris has set its Q1 guidance at $0.60-0.65 EPS and its Q1 2024 guidance at 0.600-0.650 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Entegris (NASDAQ:ENTG) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $812.30 million for the quarter, compared to analyst estimates of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. On average, analysts expect Entegris to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Entegris Trading Up 2.6 %

Shares of ENTG stock opened at $136.06 on Tuesday. Entegris has a fifty-two week low of $72.96 and a fifty-two week high of $146.91. The firm has a market capitalization of $20.51 billion, a P/E ratio of 114.34 and a beta of 1.32. The stock’s fifty day moving average is $135.73 and its two-hundred day moving average is $118.70. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Entegris’s dividend payout ratio is presently 33.61%.

Insider Activity

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the sale, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $135.86, for a total value of $2,379,995.48. Following the completion of the transaction, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Besnard sold 12,667 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the sale, the senior vice president now owns 10,213 shares in the company, valued at $1,386,721.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,082 shares of company stock valued at $5,606,849. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Thursday, February 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Entegris in a research note on Thursday, March 7th. UBS Group increased their price target on shares of Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. The Goldman Sachs Group lifted their price target on shares of Entegris from $104.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, KeyCorp raised their target price on Entegris from $136.00 to $164.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Entegris has an average rating of “Moderate Buy” and a consensus price target of $141.64.

About Entegris

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).