Entegris Inc (ENTG) Issues Q2 Earnings Guidance
Entegris Inc (NASDAQ:ENTG) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.17-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.13, American Banking & Market News reports. The company issued revenue guidance of $235-245 million, compared to the consensus revenue estimate of $184.83 million.
A number of research firms have recently commented on ENTG. Analysts at Needham & Company LLC raised their price target on shares of Entegris from $13.00 to $14.00 in a research note on Thursday, April 24th. Analysts at Citigroup Inc. reiterated a neutral rating on shares of Entegris in a research note on Tuesday, April 22nd. They now have a $12.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Entegris presently has a consensus rating of Buy and an average price target of $12.40.
Shares of Entegris Inc (NASDAQ:ENTG) opened at 12.72 on Thursday. Entegris Inc has a 52 week low of $8.97 and a 52 week high of $12.72. The stock has a 50-day moving average of $11.50 and a 200-day moving average of $11.54. The company has a market cap of $1.770 billion and a price-to-earnings ratio of 24.75.
Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, April 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.01. The company had revenue of $165.80 million for the quarter, compared to the consensus estimate of $171.70 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Entegris Inc will post $0.66 EPS for the current fiscal year.
In other Entegris news, VP Todd James Edlund unloaded 42,640 shares of Entegris stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $5.40, for a total value of $230,256.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Entegris, Inc is a global developer, manufacturer and supplier of products and materials used in processing and manufacturing in the semiconductor and other high-technology industries.
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