Entegris Inc (ENTG) Expected to Announce Earnings of $0.25 Per Share
Brokerages predict that Entegris Inc (NASDAQ:ENTG) will post earnings per share (EPS) of $0.25 for the current quarter, according to Zacks. Two analysts have made estimates for Entegris’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.25. Entegris reported earnings of $0.17 per share during the same quarter last year, which indicates a positive year over year growth rate of 47.1%. The company is scheduled to issue its next earnings results before the market opens on Thursday, April 27th.
On average, analysts expect that Entegris will report full year earnings of $1.04 per share for the current year, with EPS estimates ranging from $1.00 to $1.07. For the next year, analysts expect that the business will post earnings of $1.18 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Entegris.
Entegris (NASDAQ:ENTG) last released its earnings results on Thursday, February 2nd. The semiconductor company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Entegris had a return on equity of 15.45% and a net margin of 8.27%. The company earned $308.50 million during the quarter, compared to analyst estimates of $282.88 million. During the same quarter in the previous year, the company posted $0.20 EPS. Entegris’s revenue for the quarter was up 15.6% on a year-over-year basis.
A number of equities research analysts have issued reports on the company. Needham & Company LLC reiterated a “positive” rating and issued a $25.00 price target on shares of Entegris in a research note on Tuesday, March 21st. Citigroup Inc increased their price target on Entegris from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Monday, March 20th. Aegis assumed coverage on Entegris in a research note on Friday, March 17th. They issued a “buy” rating and a $29.00 price target for the company. Goldman Sachs Group Inc assumed coverage on Entegris in a research note on Friday, February 10th. They issued a “buy” rating and a $26.00 price target for the company. Finally, Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a research note on Monday, February 6th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $23.88.
In other news, CFO Gregory B. Graves sold 115,336 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $22.06, for a total transaction of $2,544,312.16. Following the completion of the transaction, the chief financial officer now owns 84,080 shares in the company, valued at $1,854,804.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP William James Shaner sold 10,125 shares of the firm’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $21.47, for a total value of $217,383.75. Following the transaction, the vice president now owns 80,003 shares of the company’s stock, valued at approximately $1,717,664.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 160,580 shares of company stock valued at $3,543,915. Company insiders own 1.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ENTG. BNP Paribas Arbitrage SA raised its position in shares of Entegris by 90.5% in the third quarter. BNP Paribas Arbitrage SA now owns 13,176 shares of the semiconductor company’s stock worth $230,000 after buying an additional 6,260 shares during the last quarter. Bank of Montreal Can raised its position in shares of Entegris by 15.6% in the third quarter. Bank of Montreal Can now owns 91,679 shares of the semiconductor company’s stock worth $1,598,000 after buying an additional 12,397 shares during the last quarter. 1st Global Advisors Inc. purchased a new position in shares of Entegris during the third quarter worth $281,000. Great West Life Assurance Co. Can raised its position in shares of Entegris by 40.0% in the third quarter. Great West Life Assurance Co. Can now owns 18,886 shares of the semiconductor company’s stock worth $328,000 after buying an additional 5,398 shares during the last quarter. Finally, Aperio Group LLC raised its position in shares of Entegris by 12.7% in the third quarter. Aperio Group LLC now owns 13,142 shares of the semiconductor company’s stock worth $229,000 after buying an additional 1,480 shares during the last quarter. Hedge funds and other institutional investors own 98.55% of the company’s stock.
Entegris (NASDAQ:ENTG) traded up 0.88% during midday trading on Tuesday, hitting $23.05. The stock had a trading volume of 639,324 shares. The stock’s 50-day moving average is $22.47 and its 200-day moving average is $19.28. The company has a market capitalization of $3.26 billion, a PE ratio of 33.90 and a beta of 1.43. Entegris has a 1-year low of $12.79 and a 1-year high of $23.85.
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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