Entegris (NASDAQ:ENTG) Issues Q3 Earnings Guidance

Entegris (NASDAQ:ENTG) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.75-$0.80 for the period, compared to the consensus earnings per share estimate of $0.89. The company issued revenue guidance of $820-$840 million, compared to the consensus revenue estimate of $869.64 million. Entegris also updated its Q3 2024 guidance to 0.750-0.800 EPS.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENTG. Needham & Company LLC restated a buy rating and issued a $150.00 price target on shares of Entegris in a research note on Thursday. BMO Capital Markets decreased their price target on Entegris from $160.00 to $145.00 and set an outperform rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on Entegris from $160.00 to $145.00 and set a buy rating on the stock in a research note on Thursday. Finally, Mizuho upgraded Entegris from a neutral rating to an outperform rating and set a $143.00 price target on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $146.80.

Entegris Price Performance

ENTG traded down $7.74 during trading on Friday, reaching $102.14. 5,638,150 shares of the stock were exchanged, compared to its average volume of 1,973,830. The business’s 50 day moving average price is $132.39 and its two-hundred day moving average price is $131.79. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.02. The company has a market capitalization of $15.42 billion, a price-to-earnings ratio of 49.11, a P/E/G ratio of 1.27 and a beta of 1.25. Entegris has a 1 year low of $84.13 and a 1 year high of $147.57.

Entegris (NASDAQ:ENTG) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Entegris will post 3.22 earnings per share for the current year.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Entegris’s dividend payout ratio (DPR) is 19.23%.

Insider Activity at Entegris

In related news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $145.00, for a total value of $2,175,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares in the company, valued at $5,431,265. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 5,005 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $124.74, for a total value of $624,323.70. Following the completion of the transaction, the senior vice president now owns 34,600 shares of the company’s stock, valued at $4,316,004. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,796 shares of company stock worth $9,870,921. 0.67% of the stock is currently owned by insiders.

About Entegris

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).