Equities research analysts forecast that Entegris Inc (NASDAQ:ENTG) will announce $401.39 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Entegris’ earnings, with the lowest sales estimate coming in at $400.40 million and the highest estimate coming in at $402.50 million. Entegris posted sales of $367.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The firm is expected to report its next earnings results on Thursday, April 25th.
On average, analysts expect that Entegris will report full year sales of $1.64 billion for the current fiscal year, with estimates ranging from $1.63 billion to $1.64 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.77 billion, with estimates ranging from $1.76 billion to $1.78 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Entegris.
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Entegris (NASDAQ:ENTG) last announced its quarterly earnings data on Tuesday, February 5th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. The company had revenue of $401.60 million during the quarter, compared to the consensus estimate of $398.98 million. Entegris had a return on equity of 25.60% and a net margin of 15.53%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS.
A number of research analysts recently commented on the company. Zacks Investment Research raised Entegris from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. BidaskClub raised Entegris from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Loop Capital set a $51.00 price target on Entegris and gave the stock a “buy” rating in a report on Tuesday, January 29th. ValuEngine raised Entegris from a “sell” rating to a “hold” rating in a report on Friday, December 28th. Finally, Goldman Sachs Group cut Entegris from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Tuesday, January 8th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Entegris currently has an average rating of “Buy” and an average price target of $41.35.
Shares of NASDAQ:ENTG traded up $0.19 during mid-day trading on Monday, reaching $33.50. 1,742,654 shares of the company traded hands, compared to its average volume of 1,940,141. The company has a market cap of $4.71 billion, a PE ratio of 17.72 and a beta of 1.36. The company has a current ratio of 3.89, a quick ratio of 2.64 and a debt-to-equity ratio of 0.60. Entegris has a 52 week low of $23.39 and a 52 week high of $39.55.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Wednesday, January 30th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, January 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.84%. Entegris’s dividend payout ratio is presently 14.81%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CX Institutional purchased a new stake in shares of Entegris during the 4th quarter worth approximately $73,000. First Interstate Bank raised its holdings in shares of Entegris by 82.2% during the 3rd quarter. First Interstate Bank now owns 4,465 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 2,015 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of Entegris during the 3rd quarter worth approximately $137,000. Gryphon Financial Partners LLC raised its holdings in shares of Entegris by 225.0% during the 3rd quarter. Gryphon Financial Partners LLC now owns 6,389 shares of the semiconductor company’s stock worth $185,000 after acquiring an additional 4,423 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Entegris during the 3rd quarter worth approximately $201,000. 95.11% of the stock is currently owned by institutional investors.
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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