Entegris, Inc. (ENTG) Expected to Announce Quarterly Sales of $340.68 Million
Analysts forecast that Entegris, Inc. (NASDAQ:ENTG) will announce sales of $340.68 million for the current quarter, according to Zacks. Five analysts have made estimates for Entegris’ earnings, with estimates ranging from $339.95 million to $342.40 million. Entegris posted sales of $308.50 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.4%. The company is expected to issue its next earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Entegris will report full-year sales of $340.68 million for the current fiscal year. For the next year, analysts forecast that the business will post sales of $1.44 billion per share, with estimates ranging from $1.43 billion to $1.46 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Entegris.
Entegris (NASDAQ:ENTG) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The business had revenue of $345.60 million during the quarter, compared to the consensus estimate of $334.30 million. Entegris had a net margin of 10.73% and a return on equity of 18.82%. Entegris’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS.
Several research firms recently issued reports on ENTG. Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Seaport Global Securities began coverage on shares of Entegris in a report on Friday, December 15th. They issued a “buy” rating and a $37.00 price target for the company. Loop Capital reissued a “buy” rating and issued a $40.00 price target on shares of Entegris in a report on Friday, December 1st. ValuEngine downgraded shares of Entegris from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Dougherty & Co increased their price target on shares of Entegris from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, October 27th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.55.
In other Entegris news, COO Todd James Edlund sold 5,954 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $32.32, for a total value of $192,433.28. Following the completion of the sale, the chief operating officer now owns 143,774 shares in the company, valued at approximately $4,646,775.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Stuart Tison sold 3,814 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $31.00, for a total transaction of $118,234.00. Following the completion of the sale, the senior vice president now owns 81,943 shares of the company’s stock, valued at approximately $2,540,233. The disclosure for this sale can be found here. Insiders have sold a total of 21,296 shares of company stock valued at $666,592 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Entegris by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,453,733 shares of the semiconductor company’s stock worth $251,409,000 after buying an additional 244,694 shares during the period. BlackRock Inc. grew its position in shares of Entegris by 15.8% during the 2nd quarter. BlackRock Inc. now owns 11,450,690 shares of the semiconductor company’s stock worth $251,344,000 after buying an additional 1,564,866 shares during the period. FMR LLC grew its position in shares of Entegris by 54.8% during the 2nd quarter. FMR LLC now owns 3,904,882 shares of the semiconductor company’s stock worth $85,712,000 after buying an additional 1,381,882 shares during the period. State Street Corp grew its position in shares of Entegris by 5.7% during the 2nd quarter. State Street Corp now owns 2,842,071 shares of the semiconductor company’s stock worth $62,383,000 after buying an additional 152,890 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Entegris by 9.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,478,586 shares of the semiconductor company’s stock worth $71,507,000 after buying an additional 211,759 shares during the period. Hedge funds and other institutional investors own 96.17% of the company’s stock.
Entegris (NASDAQ:ENTG) traded up $0.65 during midday trading on Tuesday, hitting $33.40. 992,500 shares of the company traded hands, compared to its average volume of 864,700. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.40. The company has a market cap of $4,680.00, a P/E ratio of 34.43, a P/E/G ratio of 1.84 and a beta of 1.52. Entegris has a fifty-two week low of $18.00 and a fifty-two week high of $33.65.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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