Zacks: Analysts Expect Entegris Inc (ENTG) Will Announce Earnings of $0.49 Per Share

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Equities research analysts forecast that Entegris Inc (NASDAQ:ENTG) will announce $0.49 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Entegris’ earnings. The lowest EPS estimate is $0.49 and the highest is $0.50. Entegris reported earnings of $0.40 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.5%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Entegris will report full year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.98. For the next year, analysts expect that the firm will report earnings of $2.19 per share, with EPS estimates ranging from $2.10 to $2.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Entegris.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings data 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. The company had revenue of $383.06 million for the quarter, compared to analysts’ expectations of $378.52 million. Entegris had a net margin of 8.61% and a return on equity of 24.90%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Several equities analysts have recently issued reports on ENTG shares. BidaskClub cut shares of Entegris from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Goldman Sachs Group cut shares of Entegris from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, September 12th. Zacks Investment Research cut shares of Entegris from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine cut shares of Entegris from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Finally, Deutsche Bank upgraded shares of Entegris from a “hold” rating to a “buy” rating and decreased their target price for the stock from $40.00 to $38.00 in a report on Monday, October 1st. Three equities research analysts have rated the stock with a sell rating and ten have given a buy rating to the company’s stock. Entegris presently has a consensus rating of “Buy” and an average target price of $41.60.

Shares of ENTG traded up $0.63 during mid-day trading on Monday, hitting $26.37. The company’s stock had a trading volume of 1,368,849 shares, compared to its average volume of 1,010,478. The stock has a market capitalization of $4.10 billion, a P/E ratio of 18.31 and a beta of 1.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.79 and a quick ratio of 2.49. Entegris has a fifty-two week low of $25.73 and a fifty-two week high of $39.55.

In related news, Director James Gentilcore sold 14,868 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $33.92, for a total transaction of $504,322.56. Following the completion of the sale, the director now directly owns 4,090 shares in the company, valued at $138,732.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Stuart Tison sold 8,630 shares of the firm’s stock in a transaction that occurred on 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 $2,823,256.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,024 shares of company stock valued at $1,268,095. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of ENTG. Summit Trail Advisors LLC boosted its holdings in shares of Entegris by 37.7% during the first quarter. Summit Trail Advisors LLC now owns 11,256 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 3,080 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Entegris during the second quarter worth approximately $170,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Entegris during the second quarter worth approximately $207,000. Signition LP acquired a new stake in shares of Entegris during the second quarter worth approximately $207,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Entegris during the second quarter worth approximately $208,000. Institutional investors and hedge funds own 94.18% of the company’s stock.

About Entegris

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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