Wall Street analysts forecast that Entegris (NASDAQ:ENTG) will post sales of $360.36 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Entegris’ earnings. The highest sales estimate is $361.10 million and the lowest is $359.70 million. Entegris reported sales of $317.38 million in the same quarter last year, which indicates a positive year over year growth rate of 13.5%. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that Entegris will report full year sales of $360.36 million for the current financial year, with estimates ranging from $1.43 billion to $1.48 billion. For the next year, analysts forecast that the business will report sales of $1.56 billion per share, with estimates ranging from $1.52 billion to $1.59 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Entegris.
Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $350.56 million during the quarter, compared to the consensus estimate of $340.68 million. Entegris had a return on equity of 20.95% and a net margin of 6.34%.
A number of analysts recently issued reports on ENTG shares. Zacks Investment Research downgraded Entegris from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Seaport Global Securities began coverage on Entegris in a research note on Friday, December 15th. They issued a “buy” rating and a $37.00 target price on the stock. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Thursday, February 15th. ValuEngine upgraded Entegris from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. 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, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.27.
In other news, VP Michael Sauer sold 4,317 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.58, for a total transaction of $144,964.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Corey Rucci sold 5,732 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $36.43, for a total value of $208,816.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 335,754 shares of company stock worth $11,317,780. Insiders own 1.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Entegris by 3,425.3% during the third quarter. JPMorgan Chase & Co. now owns 187,230 shares of the semiconductor company’s stock valued at $5,317,000 after buying an additional 181,919 shares during the period. Westpac Banking Corp purchased a new position in Entegris in the fourth quarter valued at about $669,000. Sawgrass Asset Management LLC grew its stake in Entegris by 76.8% in the fourth quarter. Sawgrass Asset Management LLC now owns 73,825 shares of the semiconductor company’s stock valued at $2,248,000 after purchasing an additional 32,060 shares during the last quarter. Teacher Retirement System of Texas grew its stake in Entegris by 308.6% in the fourth quarter. Teacher Retirement System of Texas now owns 47,869 shares of the semiconductor company’s stock valued at $1,458,000 after purchasing an additional 36,153 shares during the last quarter. Finally, HBK Investments L P grew its stake in Entegris by 27.1% in the fourth quarter. HBK Investments L P now owns 88,600 shares of the semiconductor company’s stock valued at $2,698,000 after purchasing an additional 18,879 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.
ENTG traded down $1.00 during trading on Tuesday, reaching $33.70. The company had a trading volume of 847,056 shares, compared to its average volume of 1,155,845. The company has a market cap of $4,780.24, a PE ratio of 23.40, a P/E/G ratio of 1.71 and a beta of 1.40. Entegris has a 52 week low of $21.77 and a 52 week high of $38.25. The company has a quick ratio of 2.95, a current ratio of 3.63 and a debt-to-equity ratio of 0.58.
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Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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