Zacks: Analysts Anticipate Entegris Inc (ENTG) Will Post Quarterly Sales of $403.41 Million
Wall Street brokerages forecast that Entegris Inc (NASDAQ:ENTG) will post $403.41 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Entegris’ earnings, with estimates ranging from $402.50 million to $404.90 million. Entegris reported sales of $345.59 million during the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The company is expected to issue its next earnings report on Thursday, October 25th.
On average, analysts expect that Entegris will report full-year sales of $1.56 billion for the current financial year, with estimates ranging from $1.55 billion to $1.56 billion. For the next year, analysts expect that the firm will report sales of $1.71 billion per share, with estimates ranging from $1.70 billion to $1.74 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Entegris.
Entegris (NASDAQ:ENTG) last announced its earnings results on Thursday, July 26th. The semiconductor company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The firm had revenue of $383.06 million for the quarter, compared to analysts’ expectations of $378.52 million. Entegris had a return on equity of 24.90% and a net margin of 8.61%. Entegris’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS.
Shares of Entegris stock opened at $32.40 on Monday. Entegris has a fifty-two week low of $23.05 and a fifty-two week high of $39.55. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.49 and a current ratio of 3.79.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 22nd. Investors of record on Wednesday, August 1st will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, July 31st. Entegris’s dividend payout ratio (DPR) is currently 19.44%.
In related news, Director Brian F. Sullivan sold 5,133 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $36.65, for a total value of $188,124.45. Following the transaction, the director now directly owns 103,294 shares of the company’s stock, valued at approximately $3,785,725.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul L. H. Olson sold 1,750 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $35.76, for a total value of $62,580.00. Following the completion of the transaction, the director now directly owns 47,704 shares in the company, valued at $1,705,895.04. The disclosure for this sale can be found here. Insiders sold a total of 45,474 shares of company stock worth $1,663,781 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ENTG. Summit Trail Advisors LLC raised its position in shares of Entegris by 1,797.3% in the 1st quarter. Summit Trail Advisors LLC now owns 155,127 shares of the semiconductor company’s stock worth $155,000 after buying an additional 146,951 shares during the period. Centaurus Financial Inc. purchased a new position in shares of Entegris in the 2nd quarter worth $170,000. Signition LP purchased a new position in shares of Entegris in the 2nd quarter worth $207,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Entegris in the 2nd quarter worth $207,000. Finally, Paloma Partners Management Co purchased a new position in shares of Entegris in the 2nd quarter worth $208,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.
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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