Brokerages Anticipate Entegris, Inc. (NASDAQ:ENTG) Will Announce Quarterly Sales of $323.27 Million
Equities analysts expect that Entegris, Inc. (NASDAQ:ENTG) will report sales of $323.27 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Entegris’ earnings, with the highest sales estimate coming in at $325.80 million and the lowest estimate coming in at $321.24 million. Entegris posted sales of $303.05 million during the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, July 27th.
On average, analysts expect that Entegris will report full year sales of $323.27 million for the current fiscal year, with estimates ranging from $1.27 billion to $1.29 billion. For the next financial year, analysts expect that the firm will post sales of $1.35 billion per share, with estimates ranging from $1.33 billion to $1.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Entegris.
Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $329 million for the quarter, compared to the consensus estimate of $324.51 million. Entegris had a net margin of 9.26% and a return on equity of 16.65%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS.
Several research analysts have recently weighed in on ENTG shares. Dougherty & Co increased their price objective on shares of Entegris from $26.50 to $27.50 and gave the stock a “buy” rating in a report on Friday, April 28th. Craig Hallum lowered shares of 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. Goldman Sachs Group, Inc. (The) upgraded shares of 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. BidaskClub lowered shares of Entegris from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Zacks Investment Research lowered shares of Entegris from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Entegris currently has a consensus rating of “Buy” and a consensus target price of $25.39.
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Entegris (NASDAQ ENTG) traded up 2.611% during midday trading on Thursday, hitting $26.525. 893,107 shares of the stock were exchanged. Entegris has a 12-month low of $14.73 and a 12-month high of $27.20. The firm has a 50 day moving average of $24.13 and a 200-day moving average of $22.75. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 33.156 and a beta of 1.44.
In related news, Director Daniel W. Christman sold 3,408 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $23.51, for a total value of $80,122.08. Following the transaction, the director now owns 81,689 shares in the company, valued at $1,920,508.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory B. Graves sold 32,593 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $26.01, for a total transaction of $847,743.93. Following the completion of the transaction, the chief financial officer now owns 65,554 shares in the company, valued at approximately $1,705,059.54. The disclosure for this sale can be found here. Insiders sold 89,537 shares of company stock worth $2,276,581 in the last 90 days. 1.70% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of ENTG. Russell Investments Group Ltd. raised its stake in Entegris by 22.9% in the first quarter. Russell Investments Group Ltd. now owns 269,909 shares of the semiconductor company’s stock worth $6,316,000 after buying an additional 50,220 shares in the last quarter. Strs Ohio raised its stake in Entegris by 40.8% in the first quarter. Strs Ohio now owns 17,600 shares of the semiconductor company’s stock worth $411,000 after buying an additional 5,100 shares in the last quarter. Sawgrass Asset Management LLC purchased a new stake in Entegris during the first quarter worth about $310,000. Meritage Portfolio Management purchased a new stake in Entegris during the first quarter worth about $5,643,000. Finally, Acadian Asset Management LLC raised its stake in Entegris by 22,295.1% in the first quarter. Acadian Asset Management LLC now owns 73,680 shares of the semiconductor company’s stock worth $1,723,000 after buying an additional 73,351 shares in the last quarter. Institutional investors own 98.00% of the company’s stock.
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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