Equities analysts expect that Entegris Inc (NASDAQ:ENTG) will report $403.41 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Entegris’ earnings, with estimates ranging from $402.50 million to $404.90 million. Entegris reported sales of $345.59 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, October 25th.
On average, analysts expect that Entegris will report full year sales of $1.56 billion for the current year, with estimates ranging from $1.55 billion to $1.56 billion. For the next fiscal year, analysts expect that the company will post sales of $1.71 billion, with estimates ranging from $1.69 billion to $1.74 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Entegris.
Entegris (NASDAQ:ENTG) last posted its earnings results on Thursday, July 26th. The semiconductor company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. Entegris had a return on equity of 24.90% and a net margin of 8.61%. The firm had revenue of $383.06 million for the quarter, compared to analyst estimates of $378.52 million. During the same quarter in the prior year, the company earned $0.34 EPS. Entegris’s revenue was up 16.4% on a year-over-year basis.
ENTG has been the topic of several research reports. BidaskClub lowered Entegris from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 20th. Stifel Nicolaus increased their target price on Entegris from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, July 2nd. ValuEngine lowered Entegris from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Loop Capital set a $46.00 target price on Entegris and gave the stock a “buy” rating in a research note on Saturday, July 28th. Finally, Goldman Sachs Group lowered Entegris from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Three equities research analysts have rated the stock with a sell rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.60.
ENTG traded up $0.63 during mid-day trading on Wednesday, hitting $26.37. 1,368,849 shares of the stock were exchanged, compared to its average volume of 1,010,478. Entegris has a 1-year low of $25.73 and a 1-year high of $39.55. The company has a current ratio of 3.79, a quick ratio of 2.49 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 18.31 and a beta of 1.41.
In other news, SVP Stuart Tison sold 8,630 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $36.01, for a total transaction of $310,766.30. Following the sale, the senior vice president now owns 78,402 shares of the company’s stock, valued at approximately $2,823,256.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul L. H. Olson sold 1,750 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $35.76, for a total value of $62,580.00. Following the sale, the director now directly owns 47,704 shares in the company, valued at approximately $1,705,895.04. The disclosure for this sale can be found here. Insiders have sold a total of 36,024 shares of company stock worth $1,268,095 in the last three months. Corporate insiders own 1.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. purchased a new position in shares of Entegris in the 1st quarter valued at approximately $247,000. California Public Employees Retirement System grew its stake in shares of Entegris by 13.9% in the 1st quarter. California Public Employees Retirement System now owns 215,624 shares of the semiconductor company’s stock valued at $7,504,000 after purchasing an additional 26,320 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Entegris by 26.2% in the 1st quarter. Russell Investments Group Ltd. now owns 143,093 shares of the semiconductor company’s stock valued at $4,980,000 after purchasing an additional 29,724 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Entegris by 25.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,400,610 shares of the semiconductor company’s stock valued at $48,741,000 after purchasing an additional 280,718 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Entegris by 0.8% in the 1st quarter. Allianz Asset Management GmbH now owns 599,372 shares of the semiconductor company’s stock valued at $20,858,000 after purchasing an additional 4,857 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
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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