$401.39 Million in Sales Expected for Entegris Inc (ENTG) This Quarter
Wall Street analysts predict that Entegris Inc (NASDAQ:ENTG) will announce $401.39 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Entegris’ earnings. The lowest sales estimate is $400.40 million and the highest is $402.50 million. Entegris posted sales of $367.20 million in the same quarter last year, which suggests a positive year over year growth rate of 9.3%. The business is expected to report 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 fiscal year, with estimates ranging from $1.63 billion to $1.64 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.75 billion, with estimates ranging from $1.72 billion to $1.78 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Entegris.
Entegris (NASDAQ:ENTG) last released its earnings results on Tuesday, February 5th. The semiconductor company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $401.60 million for the quarter, compared to the consensus estimate of $398.98 million. Entegris had a net margin of 15.53% and a return on equity of 25.86%. Entegris’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS.
In related news, VP Michael Sauer sold 3,788 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $36.61, for a total value of $138,678.68. Following the completion of the transaction, the vice president now directly owns 12,782 shares in the company, valued at approximately $467,949.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gregory B. Graves sold 37,167 shares of the business’s stock in a transaction on 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 owns 67,126 shares of the company’s stock, valued at $2,298,394.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,508 shares of company stock valued at $3,019,111. Company insiders own 1.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of Entegris by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,591,981 shares of the semiconductor company’s stock valued at $44,407,000 after purchasing an additional 118,276 shares during the period. Norges Bank purchased a new stake in shares of Entegris in the fourth quarter valued at about $61,048,000. FMR LLC grew its holdings in shares of Entegris by 19.9% in the fourth quarter. FMR LLC now owns 5,740,240 shares of the semiconductor company’s stock valued at $160,124,000 after purchasing an additional 953,373 shares during the period. Amalgamated Bank grew its holdings in shares of Entegris by 149.6% in the fourth quarter. Amalgamated Bank now owns 20,721 shares of the semiconductor company’s stock valued at $578,000 after purchasing an additional 12,420 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Entegris by 13.3% in the fourth quarter. Legal & General Group Plc now owns 67,350 shares of the semiconductor company’s stock valued at $1,879,000 after purchasing an additional 7,927 shares during the period.
NASDAQ:ENTG traded down $1.23 during trading hours on Thursday, hitting $34.64. 928,562 shares of the company were exchanged, compared to its average volume of 2,340,529. The company has a market cap of $4.69 billion, a PE ratio of 18.33 and a beta of 1.32. Entegris has a 52-week low of $23.39 and a 52-week high of $40.17. The company has a current ratio of 3.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.92.
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).
Further Reading: The Discount Rate – What You Need to Know
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.