Brokerages Expect Entegris, Inc. (ENTG) Will Post Quarterly Sales of $340.68 Million

Wall Street analysts expect Entegris, Inc. (NASDAQ:ENTG) to report $340.68 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Entegris’ earnings, with the lowest sales estimate coming in at $339.95 million and the highest estimate coming in at $342.40 million. Entegris posted sales of $308.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.4%. The business is expected to announce its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Entegris will report full year sales of $340.68 million for the current fiscal year. For the next year, analysts anticipate that the firm will report sales of $1.44 billion per share, with estimates ranging from $1.43 billion to $1.46 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Entegris.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The company had revenue of $345.60 million during the quarter, compared to analyst estimates of $334.30 million. Entegris had a return on equity of 18.82% and a net margin of 10.73%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share.

Several research firms have commented on ENTG. Loop Capital raised their price objective on Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Dougherty & Co lifted their price target on Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Citigroup lifted their price objective on Entegris from $29.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and set a $35.00 price objective on shares of Entegris in a research note on Friday, October 27th. Finally, Zacks Investment Research lowered Entegris from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.55.

Shares of Entegris (NASDAQ ENTG) traded up $0.65 during midday trading on Tuesday, hitting $33.40. The stock had a trading volume of 992,500 shares, compared to its average volume of 864,700. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.43 and a current ratio of 3.14. Entegris has a 12-month low of $18.00 and a 12-month high of $33.65. The stock has a market capitalization of $4,680.00, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.52.

In other Entegris news, VP Corey Rucci sold 3,528 shares of Entegris stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $32.68, for a total value of $115,295.04. Following the completion of the sale, the vice president now directly owns 22,436 shares of the company’s stock, valued at approximately $733,208.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul L. H. Olson sold 3,000 shares of Entegris stock in a transaction 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 completion of the transaction, the director now owns 45,364 shares in the company, valued at approximately $1,370,446.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,296 shares of company stock valued at $666,592. 1.50% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of ENTG. Ameritas Investment Partners Inc. increased its stake in Entegris by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,364 shares of the semiconductor company’s stock worth $271,000 after buying an additional 148 shares during the period. 1st Global Advisors Inc. boosted its stake in Entegris by 0.6% during the 2nd quarter. 1st Global Advisors Inc. now owns 34,720 shares of the semiconductor company’s stock valued at $762,000 after purchasing an additional 206 shares during the period. Hillsdale Investment Management Inc. boosted its stake in Entegris by 0.7% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 44,290 shares of the semiconductor company’s stock valued at $972,000 after purchasing an additional 290 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in Entegris by 1.1% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 47,487 shares of the semiconductor company’s stock valued at $1,042,000 after purchasing an additional 500 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in Entegris by 0.3% during the 2nd quarter. Nationwide Fund Advisors now owns 191,245 shares of the semiconductor company’s stock valued at $4,198,000 after purchasing an additional 505 shares during the period. Institutional investors and hedge funds own 96.17% of the company’s stock.

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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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