Entegris (ENTG) Scheduled to Post Earnings on Wednesday

Entegris (NASDAQ:ENTG) will release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Entegris to post 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.Persons interested in registering for the company’s earnings 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 the consensus estimate of $0.59 by $0.06. The firm had revenue of $812.30 million during the quarter, compared to analysts’ expectations of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. Entegris’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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

ENTG stock opened at $136.06 on Tuesday. The company has a 50-day simple moving average of $135.73 and a 200 day simple moving average of $118.70. The company has a market capitalization of $20.51 billion, a P/E ratio of 114.34 and a beta of 1.32. The company has a quick ratio of 2.67, a current ratio of 3.85 and a debt-to-equity ratio of 1.35. Entegris has a fifty-two week low of $72.96 and a fifty-two week high of $146.91.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. Entegris’s dividend payout ratio (DPR) is 33.61%.

Insider Transactions at Entegris

In related news, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the completion of the sale, the insider now owns 32,730 shares in the company, valued at approximately $4,565,835. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Entegris news, CAO Michael Sauer sold 1,897 shares of Entegris stock in a transaction dated 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 owns 1,779 shares of the company’s stock, valued at approximately $235,788.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the sale, the insider now directly owns 32,730 shares of the company’s stock, valued at $4,565,835. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock valued at $5,606,849 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

ENTG has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Entegris from $90.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Citigroup lifted their price target on Entegris from $117.00 to $134.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Craig Hallum raised Entegris from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, February 15th. BMO Capital Markets raised their target price on Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Wolfe Research assumed coverage on Entegris in a report on Friday, March 1st. They set an “outperform” rating and a $160.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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).