Entegris (ENTG) to Release Quarterly Earnings on Wednesday

Entegris (NASDAQ:ENTG) will announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Entegris has set its Q1 guidance at $0.60-0.65 EPS and its Q1 2024 guidance at 0.600-0.650 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Entegris (NASDAQ:ENTG) last posted its earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $812.30 million during the quarter, compared to analyst estimates of $780.95 million. Entegris had a return on equity of 12.00% and a net margin of 5.13%. The company’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. On average, analysts expect Entegris to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $132.60 on Monday. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. The firm’s 50-day moving average price is $135.75 and its 200-day moving average price is $118.43. Entegris has a 52-week low of $71.16 and a 52-week high of $146.91. The company has a market cap of $19.99 billion, a PE ratio of 111.43 and a beta of 1.32.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is presently 33.61%.

Insider Buying and Selling at Entegris

In other news, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the sale, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the sale, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.54, for a total transaction of $251,428.38. Following the transaction, the chief accounting officer now directly owns 1,779 shares of the company’s stock, valued at $235,788.66. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock worth $5,606,849 over the last 90 days. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on ENTG shares. Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Entegris in a research report on Thursday, March 7th. BMO Capital Markets boosted their target price on shares of Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. UBS Group increased their price target on shares of Entegris from $90.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Wolfe Research began coverage on shares of Entegris in a research note on Friday, March 1st. They set an “outperform” rating and a $160.00 price target on the stock. Finally, Citigroup upped their price objective on Entegris from $117.00 to $134.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.64.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).