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.

ENTG has been the topic of several research analyst reports. Zacks Investment Research raised shares of Entegris from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. Loop Capital set a $51.00 target price on shares of Entegris and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Seaport Global Securities downgraded shares of Entegris from a “buy” rating to a “neutral” rating in a research report on Thursday, February 28th. ValuEngine upgraded shares of Entegris from a “sell” rating to a “hold” rating in a research note on Friday, December 28th. Finally, Berenberg Bank assumed coverage on shares of Entegris in a research note on Thursday. They set a “buy” rating and a $43.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Entegris presently has an average rating of “Buy” and a consensus price target of $42.14.

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.

About Entegris

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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Earnings History and Estimates for Entegris (NASDAQ:ENTG)

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