Entegris Inc Expected to Post Q3 2018 Earnings of $0.49 Per Share (ENTG)

Share on StockTwits

Entegris Inc (NASDAQ:ENTG) – Analysts at Seaport Global Securities cut their Q3 2018 earnings estimates for Entegris in a research report issued on Wednesday, October 17th. Seaport Global Securities analyst M. Harrison now anticipates that the semiconductor company will post earnings of $0.49 per share for the quarter, down from their prior estimate of $0.50. Seaport Global Securities also issued estimates for Entegris’ Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $1.96 EPS, Q1 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.57 EPS and FY2019 earnings at $2.24 EPS.

Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.04. Entegris had a net margin of 8.61% and a return on equity of 24.90%. The business had revenue of $383.06 million during the quarter, compared to the consensus estimate of $378.52 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year.

ENTG has been the subject of several other reports. BidaskClub downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Goldman Sachs Group downgraded shares of Entegris from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. ValuEngine downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research 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 company from $40.00 to $38.00 in a research report on Monday, October 1st. Three investment analysts have rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $41.60.

NASDAQ:ENTG opened at $26.67 on Thursday. Entegris has a 12 month low of $25.73 and a 12 month high of $39.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.79 and a quick ratio of 2.49. The firm has a market cap of $3.96 billion, a PE ratio of 18.53 and a beta of 1.40.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.05%. Entegris’s dividend payout ratio is presently 19.44%.

In related news, Director Brian F. Sullivan sold 5,133 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $36.65, for a total transaction of $188,124.45. Following the completion of the transaction, the director now directly owns 103,294 shares in the company, valued at $3,785,725.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Gentilcore sold 14,868 shares of the business’s stock in a transaction 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 transaction, the director now owns 4,090 shares of the company’s stock, valued at $138,732.80. The disclosure for this sale can be found here. Insiders have sold 36,024 shares of company stock valued at $1,268,095 over the last 90 days. 1.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. raised its position in shares of Entegris by 14.5% in the second quarter. Eagle Asset Management Inc. now owns 2,707,416 shares of the semiconductor company’s stock worth $91,781,000 after acquiring an additional 343,038 shares during the period. Carillon Tower Advisers Inc. raised its position in shares of Entegris by 30.1% in the second quarter. Carillon Tower Advisers Inc. now owns 2,189,408 shares of the semiconductor company’s stock worth $74,221,000 after acquiring an additional 506,109 shares during the period. Voya Investment Management LLC raised its position in shares of Entegris by 64.2% in the second quarter. Voya Investment Management LLC now owns 1,991,716 shares of the semiconductor company’s stock worth $67,519,000 after acquiring an additional 779,064 shares during the period. Northern Trust Corp raised its position in shares of Entegris by 2.1% in the second quarter. Northern Trust Corp now owns 1,848,454 shares of the semiconductor company’s stock worth $62,662,000 after acquiring an additional 37,684 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in shares of Entegris in the second quarter worth about $55,149,000. Institutional investors 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).

Featured Story: Google Finance Portfolio Workaround

Earnings History and Estimates for Entegris (NASDAQ:ENTG)

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Sativacoin Price Tops $0.0052 on Major Exchanges
Sativacoin Price Tops $0.0052 on Major Exchanges
JPMorgan Chase & Co.  Cut to Hold at Zacks Investment Research
JPMorgan Chase & Co. Cut to Hold at Zacks Investment Research
Brokerages Expect Camden Property Trust  to Announce $1.23 EPS
Brokerages Expect Camden Property Trust to Announce $1.23 EPS
Edwards Lifesciences  Receives “Positive” Rating from Stifel Nicolaus
Edwards Lifesciences Receives “Positive” Rating from Stifel Nicolaus
Janus Henderson Group PLC Acquires 178,220 Shares of USA Technologies, Inc.
Janus Henderson Group PLC Acquires 178,220 Shares of USA Technologies, Inc.
Zacks: Analysts Expect Marriott International Inc  Will Announce Earnings of $1.40 Per Share
Zacks: Analysts Expect Marriott International Inc Will Announce Earnings of $1.40 Per Share


© 2006-2018 Ticker Report