$322.82 Million in Sales Expected for Entegris, Inc. (ENTG) This Quarter
Wall Street brokerages expect Entegris, Inc. (NASDAQ:ENTG) to report $322.82 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Entegris’ earnings. The lowest sales estimate is $321.24 million and the highest is $325.80 million. Entegris posted sales of $303.05 million in the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, July 27th.
On average, analysts expect that Entegris will report full year sales of $322.82 million for the current financial year, with estimates ranging from $1.27 billion to $1.29 billion. For the next year, analysts forecast that the firm will post sales of $1.35 billion per share, with estimates ranging from $1.33 billion to $1.37 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Entegris.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. Entegris had a net margin of 9.26% and a return on equity of 16.65%. The company had revenue of $317.40 million during the quarter, compared to the consensus estimate of $304.62 million. During the same period in the prior year, the company earned $0.17 EPS. Entegris’s revenue was up 18.9% on a year-over-year basis.
Several research firms have recently weighed in on ENTG. Zacks Investment Research cut Entegris from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub lowered Entegris from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) raised Entegris from a “buy” rating to a “conviction-buy” rating and set a $29.00 price objective on the stock in a report on Monday, May 22nd. Craig Hallum lowered Entegris from a “buy” rating to a “hold” rating in a report on Friday, April 28th. They noted that the move was a valuation call. Finally, Dougherty & Co upped their target price on Entegris from $26.50 to $27.50 and gave the company a “buy” rating in a research report on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.81.
Shares of Entegris (ENTG) traded up 0.567% during midday trading on Friday, reaching $22.175. 119,730 shares of the company’s stock were exchanged. Entegris has a 1-year low of $13.97 and a 1-year high of $27.20. The company has a market capitalization of $3.14 billion, a PE ratio of 27.719 and a beta of 1.45. The firm has a 50-day moving average of $24.33 and a 200-day moving average of $21.98.
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In other news, Director James P. Lederer sold 3,391 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $24.78, for a total transaction of $84,028.98. Following the completion of the sale, the director now owns 9,735 shares of the company’s stock, valued at $241,233.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the director now directly owns 98,611 shares of the company’s stock, valued at approximately $2,559,941.56. The disclosure for this sale can be found here. Insiders have sold a total of 52,036 shares of company stock worth $1,301,229 over the last three months. Insiders own 1.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. FNY Partners Fund LP acquired a new stake in shares of Entegris during the first quarter valued at about $154,000. Bessemer Group Inc. boosted its stake in shares of Entegris by 195.9% in the fourth quarter. Bessemer Group Inc. now owns 10,800 shares of the semiconductor company’s stock valued at $193,000 after buying an additional 7,150 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Entegris during the first quarter valued at about $228,000. First Interstate Bank boosted its stake in shares of Entegris by 0.7% in the first quarter. First Interstate Bank now owns 9,970 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 70 shares in the last quarter. Finally, GW&K Investment Management LLC acquired a new stake in shares of Entegris during the first quarter valued at about $241,000. 97.86% of the stock is owned by institutional investors.
Entegris Company Profile
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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