Entegris (NASDAQ:ENTG) Issues Q2 2024 Earnings Guidance

Entegris (NASDAQ:ENTG) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.680-0.730 for the period, compared to the consensus earnings per share estimate of 0.730. The company issued revenue guidance of $790.0 million-$810.0 million, compared to the consensus revenue estimate of $813.4 million. Entegris also updated its Q2 guidance to $0.68 to $0.73 EPS.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ENTG. BMO Capital Markets upped their target price on Entegris from $130.00 to $160.00 and gave the company an outperform rating in a research report on Friday, February 16th. Wolfe Research initiated coverage on shares of Entegris in a report on Friday, March 1st. They issued an outperform rating and a $160.00 price target on the stock. KeyCorp upped their price target on shares of Entegris from $136.00 to $164.00 and gave the company an overweight rating in a report on Thursday, February 15th. Mizuho upped their price target on shares of Entegris from $140.00 to $143.00 and gave the company a neutral rating in a report on Thursday. Finally, Citigroup upped their price target on shares of Entegris from $117.00 to $134.00 and gave the company a neutral rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $141.91.

Entegris Stock Up 4.1 %

Shares of NASDAQ ENTG opened at $131.80 on Friday. The company has a 50 day simple moving average of $135.27 and a 200-day simple moving average of $119.28. The company has a market capitalization of $19.87 billion, a P/E ratio of 63.37 and a beta of 1.31. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.35 and a quick ratio of 2.67. Entegris has a 1 year low of $72.96 and a 1 year high of $146.91.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Entegris had a net margin of 9.31% and a return on equity of 11.94%. The business had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. During the same quarter last year, the firm earned $0.65 EPS. The business’s revenue was down 16.4% compared to the same quarter last year. On average, equities research analysts predict that Entegris will post 3.27 earnings per share for the current year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 annualized dividend and a yield of 0.30%. Entegris’s dividend payout ratio is presently 19.23%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were 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 of the company’s stock, valued at approximately $5,832,605.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of Entegris stock in a transaction on Friday, February 16th. The stock was 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 of the company’s stock, valued at $5,832,605.66. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock valued at $5,606,849 in the last 90 days. Company insiders own 0.67% of the company’s stock.

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).