Entegris FY2024 EPS Estimate Decreased by Seaport Res Ptn

Entegris, Inc. (NASDAQ:ENTG) – Investment analysts at Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for shares of Entegris in a research report issued to clients and investors on Tuesday, November 5th. Seaport Res Ptn analyst M. Harrison now expects that the semiconductor company will earn $2.95 per share for the year, down from their prior estimate of $3.13. The consensus estimate for Entegris’ current full-year earnings is $3.13 per share. Seaport Res Ptn also issued estimates for Entegris’ Q4 2024 earnings at $0.78 EPS, Q1 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $1.06 EPS and FY2025 earnings at $3.69 EPS.

Entegris (NASDAQ:ENTG) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a return on equity of 12.03% and a net margin of 5.61%. The company had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same period last year, the firm posted $0.68 earnings per share. The company’s revenue was down 9.1% compared to the same quarter last year.

Other research analysts have also recently issued reports about the stock. KeyCorp decreased their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group decreased their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. Mizuho cut their target price on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Craig Hallum decreased their target price on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Entegris has a consensus rating of “Moderate Buy” and an average target price of $136.10.

Entegris Stock Performance

Shares of Entegris stock opened at $103.12 on Wednesday. Entegris has a 1 year low of $89.09 and a 1 year high of $147.57. The firm’s 50-day moving average is $109.13 and its 200 day moving average is $121.10. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of 68.29, a PEG ratio of 1.45 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new stake in Entegris in the 2nd quarter valued at $26,000. Quarry LP bought a new stake in shares of Entegris in the second quarter worth about $27,000. Summit Securities Group LLC purchased a new stake in shares of Entegris in the second quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in Entegris during the second quarter valued at approximately $31,000. Finally, ORG Partners LLC bought a new position in Entegris during the first quarter valued at approximately $33,000.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is 26.49%.

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).