Analysts predict that Entegris Inc (NASDAQ:ENTG) will post sales of $401.39 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Entegris’ earnings. The highest sales estimate is $402.50 million and the lowest is $400.40 million. Entegris reported sales of $367.20 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.3%. The firm is expected to issue its next earnings report on Thursday, April 25th.
On average, analysts expect that Entegris will report full-year sales of $1.64 billion for the current financial year, with estimates ranging from $1.63 billion to $1.64 billion. For the next year, analysts expect that the firm will report sales of $1.75 billion, with estimates ranging from $1.72 billion to $1.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Entegris.
Entegris (NASDAQ:ENTG) last released its earnings results on Tuesday, February 5th. The semiconductor company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The company had revenue of $401.60 million during the quarter, compared to analysts’ expectations of $398.98 million. Entegris had a return on equity of 25.86% and a net margin of 15.53%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS.
Several equities research analysts have recently commented on the company. Berenberg Bank assumed coverage on Entegris in a research note on Thursday. They issued a “buy” rating and a $43.00 target price for the company. BidaskClub downgraded shares of Entegris from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Seaport Global Securities downgraded shares of Entegris from a “buy” rating to a “neutral” rating in a research note on Thursday, February 28th. ValuEngine raised shares of Entegris from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Finally, Zacks Investment Research raised shares of Entegris from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $42.14.
In other news, CFO Gregory B. Graves sold 37,167 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $34.24, for a total transaction of $1,272,598.08. Following the completion of the transaction, the chief financial officer now directly owns 67,126 shares of the company’s stock, valued at $2,298,394.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Todd James Edlund sold 32,977 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $35.08, for a total transaction of $1,156,833.16. Following the transaction, the chief operating officer now directly owns 147,556 shares of the company’s stock, valued at $5,176,264.48. The disclosure for this sale can be found here. Insiders sold 85,508 shares of company stock valued at $3,019,111 over the last three months. 1.20% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Vanguard Group Inc boosted its holdings in shares of Entegris by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 12,923,047 shares of the semiconductor company’s stock valued at $374,123,000 after acquiring an additional 437,632 shares during the last quarter. Stanley Laman Group Ltd. acquired a new stake in Entegris during the fourth quarter worth approximately $805,000. Wedge Capital Management L L P NC acquired a new stake in Entegris during the fourth quarter worth approximately $16,095,000. Berman Capital Advisors LLC acquired a new stake in Entegris during the fourth quarter worth approximately $174,000. Finally, Morgan Stanley raised its holdings in Entegris by 53.5% during the third quarter. Morgan Stanley now owns 568,138 shares of the semiconductor company’s stock worth $16,448,000 after purchasing an additional 197,895 shares in the last quarter.
Shares of NASDAQ ENTG traded down $1.23 during midday trading on Thursday, hitting $34.64. The stock had a trading volume of 928,562 shares, compared to its average volume of 2,340,529. The stock has a market capitalization of $4.69 billion, a P/E ratio of 18.33 and a beta of 1.32. Entegris has a fifty-two week low of $23.39 and a fifty-two week high of $40.17. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.82 and a current ratio of 3.82.
Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies micro contamination 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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