Brokers Issue Forecasts for Entegris Inc’s Q1 2018 Earnings (ENTG)

Entegris Inc (NASDAQ:ENTG) – Seaport Global Securities boosted their Q1 2018 earnings per share estimates for Entegris in a note issued to investors on Monday. Seaport Global Securities analyst M. Harrison now expects that the semiconductor company will earn $0.42 per share for the quarter, up from their previous estimate of $0.37. Seaport Global Securities currently has a “Buy” rating and a $37.00 target price on the stock. Seaport Global Securities also issued estimates for Entegris’ Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.48 EPS, FY2018 earnings at $1.79 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $2.02 EPS.

A number of other research firms also recently issued reports on ENTG. Citigroup lifted their price target on Entegris from $29.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a research note on Thursday, February 8th. Loop Capital lifted their price target on Entegris from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Dougherty & Co lifted their price target on Entegris from $36.00 to $37.50 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Craig Hallum upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.77.

Shares of Entegris (NASDAQ:ENTG) opened at $31.10 on Tuesday. The company has a market capitalization of $4,355.02, a PE ratio of 52.71, a PEG ratio of 1.62 and a beta of 1.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.14 and a quick ratio of 2.43. Entegris has a 12 month low of $20.85 and a 12 month high of $35.35.

Several institutional investors have recently bought and sold shares of ENTG. Carillon Tower Advisers Inc. bought a new position in shares of Entegris during the 4th quarter worth approximately $51,256,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Entegris in the 3rd quarter worth approximately $23,700,000. Victory Capital Management Inc. raised its holdings in shares of Entegris by 9.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,478,586 shares of the semiconductor company’s stock worth $71,507,000 after purchasing an additional 211,759 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Entegris by 19.9% in the 3rd quarter. Wells Fargo & Company MN now owns 1,170,846 shares of the semiconductor company’s stock worth $33,779,000 after purchasing an additional 194,301 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Entegris by 3,425.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 187,230 shares of the semiconductor company’s stock worth $5,317,000 after purchasing an additional 181,919 shares during the period. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

In other Entegris news, Director Paul L. H. Olson sold 3,000 shares of Entegris stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $30.21, for a total transaction of $90,630.00. Following the transaction, the director now owns 45,364 shares of the company’s stock, valued at approximately $1,370,446.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael A. Bradley sold 5,000 shares of Entegris stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the transaction, the director now directly owns 65,557 shares in the company, valued at approximately $1,966,710. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.90%. Entegris’s dividend payout ratio is currently 23.73%.

TRADEMARK VIOLATION WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/13/brokers-issue-forecasts-for-entegris-incs-q1-2018-earnings-entg.html.

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).

Earnings History and Estimates for Entegris (NASDAQ:ENTG)

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply