Entegris (ENTG) Set to Announce Quarterly Earnings on Wednesday

Entegris (NASDAQ:ENTG) is set to issue its quarterly earnings data 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.65 earnings per share 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 the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. Entegris’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, analysts expect Entegris to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Entegris Trading Up 1.7 %

ENTG opened at $126.17 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 3.85 and a quick ratio of 2.67. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 106.03 and a beta of 1.32. The firm has a 50 day simple moving average of $136.04 and a 200 day simple moving average of $117.73. Entegris has a fifty-two week low of $69.37 and a fifty-two week high of $146.91.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s dividend payout ratio (DPR) is 33.61%.

Insider Transactions at Entegris

In other news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the sale, the chief accounting officer now owns 1,779 shares of the company’s stock, valued at $235,788.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Michael Sauer sold 1,897 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $132.54, for a total transaction of $251,428.38. Following the completion of the transaction, the chief accounting officer now owns 1,779 shares in the company, valued at $235,788.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of the stock in a transaction 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 transaction, the insider now owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock valued at $5,606,849 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ENTG. Mizuho reissued a “neutral” rating and set a $140.00 price target on shares of Entegris in a research note on Tuesday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Entegris in a research note on Thursday, March 7th. StockNews.com downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. BMO Capital Markets upped their target price on shares of Entegris from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Craig Hallum raised shares of Entegris from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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).