Entegris (NASDAQ:ENTG) Issues Q2 Earnings Guidance

Entegris (NASDAQ:ENTG) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.68 to $0.73 for the period, compared to the consensus earnings per share estimate of $0.74. The company issued revenue guidance of $790 million to $810 million, compared to the consensus revenue estimate of $809.36 million. Entegris also updated its Q2 2024 guidance to 0.680-0.730 EPS.

Entegris Stock Up 4.1 %

Shares of Entegris stock traded up $5.20 during trading on Friday, hitting $131.80. 1,600,512 shares of the stock traded hands, compared to its average volume of 1,376,751. Entegris has a 52-week low of $72.96 and a 52-week high of $146.91. The stock’s fifty day simple moving average is $135.27 and its 200 day simple moving average is $119.28. The firm has a market cap of $19.87 billion, a P/E ratio of 63.37 and a beta of 1.31. The company has a current ratio of 3.35, a quick ratio of 2.67 and a debt-to-equity ratio of 1.22.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $771.03 million during the quarter, compared to the consensus estimate of $769.24 million. Entegris had a net margin of 9.31% and a return on equity of 11.94%. Entegris’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, equities analysts predict that Entegris will post 3.27 earnings per share for the current fiscal year.

Entegris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. Entegris’s payout ratio is 19.23%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. The Goldman Sachs Group upped their target price on Entegris from $104.00 to $147.00 and gave the company a buy rating in a research report on Thursday, February 15th. Citigroup upped their price objective on shares of Entegris from $117.00 to $134.00 and gave the company a neutral rating in a report on Friday, February 16th. Mizuho raised their target price on shares of Entegris from $140.00 to $143.00 and gave the stock a neutral rating in a report on Thursday. UBS Group upped their price target on shares of Entegris from $90.00 to $130.00 and gave the company a neutral rating in a report on Thursday, February 15th. Finally, BMO Capital Markets lifted their price objective on Entegris from $130.00 to $160.00 and gave the company an outperform rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $141.91.

Insiders Place Their Bets

In other Entegris news, SVP Michael Besnard sold 12,667 shares of Entegris stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total transaction of $1,719,925.26. Following the transaction, the senior vice president now directly owns 10,213 shares of the company’s stock, valued at $1,386,721.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Entegris news, SVP Michael Besnard sold 12,667 shares of Entegris stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $135.78, for a total value of $1,719,925.26. Following the sale, the senior vice president now owns 10,213 shares in the company, valued at $1,386,721.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the transaction, the senior vice president now directly owns 42,931 shares in the company, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. Insiders sold 41,082 shares of company stock valued at $5,606,849 in the last three months. 0.67% of the stock is currently owned by insiders.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).