Q3 2017 Earnings Estimate for Entegris, Inc. (ENTG) Issued By Dougherty & Co
Entegris, Inc. (NASDAQ:ENTG) – Equities researchers at Dougherty & Co cut their Q3 2017 EPS estimates for shares of Entegris in a research note issued to investors on Monday. Dougherty & Co analyst R. Ryan now forecasts that the semiconductor company will earn $0.34 per share for the quarter, down from their prior forecast of $0.35. Dougherty & Co currently has a “Buy” rating and a $30.00 price target on the stock.
A number of other brokerages have also weighed in on ENTG. Zacks Investment Research raised shares of Entegris from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Monday, July 31st. BidaskClub lowered shares of Entegris from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. KeyCorp reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Entegris in a research note on Saturday, September 16th. Deutsche Bank AG started coverage on shares of Entegris in a research note on Wednesday, July 5th. They issued a “hold” rating and a $24.00 price target for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $29.00 price target (up from $28.00) on shares of Entegris in a research note on Sunday, July 30th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $29.40.
COPYRIGHT VIOLATION NOTICE: “Q3 2017 Earnings Estimate for Entegris, Inc. (ENTG) Issued By Dougherty & Co” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/25/q3-2017-earnings-estimate-for-entegris-inc-entg-issued-by-dougherty-co.html.
Shares of Entegris (NASDAQ:ENTG) opened at 30.35 on Wednesday. The stock’s 50 day moving average is $28.34 and its 200-day moving average is $25.42. Entegris has a 52-week low of $14.73 and a 52-week high of $30.90. The firm has a market capitalization of $4.30 billion, a P/E ratio of 36.09 and a beta of 1.52.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. Entegris had a net margin of 9.63% and a return on equity of 17.04%. The company had revenue of $329.00 million during the quarter, compared to the consensus estimate of $324.51 million. During the same period last year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis.
The firm also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 31st.
In other news, Director Robert Nicholas Burns sold 4,901 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $24.51, for a total transaction of $120,123.51. Following the sale, the director now owns 51,272 shares in the company, valued at $1,256,676.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul L. H. Olson sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $25.77, for a total transaction of $90,195.00. Following the sale, the director now owns 52,864 shares in the company, valued at approximately $1,362,305.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,363 shares of company stock valued at $1,225,143. Company insiders own 1.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Entegris during the third quarter valued at approximately $23,700,000. Nationwide Fund Advisors raised its holdings in shares of Entegris by 16.7% during the third quarter. Nationwide Fund Advisors now owns 223,129 shares of the semiconductor company’s stock valued at $6,437,000 after acquiring an additional 31,884 shares during the period. Reliance Trust Co. of Delaware acquired a new stake in shares of Entegris during the third quarter valued at approximately $208,000. Strs Ohio raised its holdings in shares of Entegris by 10.2% during the third quarter. Strs Ohio now owns 20,600 shares of the semiconductor company’s stock valued at $594,000 after acquiring an additional 1,900 shares during the period. Finally, Alpha Windward LLC acquired a new stake in shares of Entegris during the third quarter valued at approximately $561,000. Institutional investors and hedge funds own 94.50% 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).
Receive News & Ratings for Entegris Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris Inc. and related companies with MarketBeat.com's FREE daily email newsletter.