Wall Street brokerages expect Entegris Inc (NASDAQ:ENTG) to announce $403.41 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Entegris’ earnings, with the highest sales estimate coming in at $404.90 million and the lowest estimate coming in at $402.50 million. Entegris posted sales of $345.59 million in the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The firm is scheduled to report its next earnings report on Thursday, October 25th.

According to Zacks, analysts expect that Entegris will report full-year sales of $1.56 billion for the current fiscal year, with estimates ranging from $1.55 billion to $1.56 billion. For the next financial year, analysts forecast that the firm will report sales of $1.71 billion, with estimates ranging from $1.70 billion to $1.74 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Entegris.

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

Several research firms have recently commented on ENTG. 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. Goldman Sachs Group downgraded shares of Entegris from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. BidaskClub downgraded shares of Entegris from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Finally, Loop Capital set a $46.00 price objective on shares of Entegris and gave the stock a “buy” rating in a research report on Saturday, July 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.00.

Shares of NASDAQ:ENTG traded down $0.15 during midday trading on Friday, hitting $29.30. 20,391 shares of the company’s stock were exchanged, compared to its average volume of 1,125,655. 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 company has a market cap of $4.28 billion, a PE ratio of 20.33 and a beta of 1.40. Entegris has a 12 month low of $27.30 and a 12 month high of $39.55.

In other Entegris news, Director Paul L. H. Olson sold 1,750 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $35.76, for a total value of $62,580.00. Following the completion of the sale, the director now directly owns 47,704 shares of the company’s stock, valued at approximately $1,705,895.04. The sale 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 company’s stock in a transaction dated Friday, August 31st. The stock was 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 of the company’s stock, valued at $138,732.80. The disclosure for this sale can be found here. Insiders sold a total of 36,024 shares of company stock valued at $1,268,095 over the last ninety days. 1.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summit Trail Advisors LLC boosted its stake in Entegris by 37.7% in the first quarter. Summit Trail Advisors LLC now owns 11,256 shares of the semiconductor company’s stock valued at $155,000 after acquiring an additional 3,080 shares during the last quarter. Centaurus Financial Inc. purchased a new position in Entegris in the second quarter valued at about $170,000. Raymond James Financial Services Advisors Inc. purchased a new position in Entegris in the second quarter valued at about $207,000. Signition LP purchased a new position in Entegris in the second quarter valued at about $207,000. Finally, Paloma Partners Management Co purchased a new position in Entegris in the second quarter valued at about $208,000. 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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Earnings History and Estimates for Entegris (NASDAQ:ENTG)

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