Zacks: Brokerages Anticipate Entegris Inc (ENTG) Will Announce Quarterly Sales of $360.36 Million
Wall Street analysts expect Entegris Inc (NASDAQ:ENTG) to report sales of $360.36 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Entegris’ earnings, with the highest sales estimate coming in at $361.10 million and the lowest estimate coming in at $359.70 million. Entegris posted sales of $317.38 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.5%. The firm is expected to announce its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Entegris will report full-year sales of $360.36 million for the current fiscal year, with estimates ranging from $1.43 billion to $1.48 billion. For the next year, analysts expect that the business will post sales of $1.56 billion per share, with estimates ranging from $1.52 billion to $1.59 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Entegris.
Entegris (NASDAQ:ENTG) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Entegris had a net margin of 6.34% and a return on equity of 20.95%. The company had revenue of $350.56 million for the quarter, compared to analysts’ expectations of $340.68 million.
Shares of Entegris (NASDAQ:ENTG) traded up $0.35 during trading on Wednesday, reaching $34.00. 601,399 shares of the company’s stock traded hands, compared to its average volume of 993,177. The company has a current ratio of 3.63, a quick ratio of 2.95 and a debt-to-equity ratio of 0.58. Entegris has a one year low of $20.85 and a one year high of $35.35. The company has a market cap of $4,810.00, a PE ratio of 57.63, a price-to-earnings-growth ratio of 1.71 and a beta of 1.44.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, January 30th. Entegris’s dividend payout ratio is currently 23.73%.
In other news, CEO Bertrand Loy sold 175,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $33.48, for a total value of $5,859,000.00. Following the sale, the chief executive officer now directly owns 581,012 shares in the company, valued at approximately $19,452,281.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Todd James Edlund sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.82, for a total transaction of $169,100.00. The disclosure for this sale can be found here. Insiders sold a total of 315,323 shares of company stock worth $10,549,112 over the last 90 days. Company insiders own 1.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of Entegris by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 109,553 shares of the semiconductor company’s stock valued at $2,405,000 after purchasing an additional 629 shares during the last quarter. Strs Ohio raised its position in shares of Entegris by 10.2% in the 3rd quarter. Strs Ohio now owns 20,600 shares of the semiconductor company’s stock valued at $594,000 after purchasing an additional 1,900 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its position in shares of Entegris by 1.5% in the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 135,008 shares of the semiconductor company’s stock valued at $3,895,000 after purchasing an additional 2,057 shares during the last quarter. Rhumbline Advisers raised its position in shares of Entegris by 1.4% in the 3rd quarter. Rhumbline Advisers now owns 171,208 shares of the semiconductor company’s stock valued at $4,939,000 after purchasing an additional 2,348 shares during the last quarter. Finally, Aperio Group LLC raised its position in shares of Entegris by 7.5% in the 4th quarter. Aperio Group LLC now owns 35,024 shares of the semiconductor company’s stock valued at $1,066,000 after purchasing an additional 2,431 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.
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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