Entegris (ENTG) Scheduled to Post Earnings on Wednesday

Entegris (NASDAQ:ENTG - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Entegris to post earnings of $0.61 per share for the quarter. Entegris has set its Q1 guidance at $0.60-0.65 EPS and its Q1 2024 guidance at 0.600-0.650 EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $812.30 million for the quarter, compared to the consensus estimate of $780.95 million. Entegris had a net margin of 5.13% and a return on equity of 12.00%. The company's revenue was down 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. On average, analysts expect Entegris to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Entegris Stock Performance

NASDAQ ENTG traded up $1.67 during trading on Wednesday, hitting $127.84. 1,371,463 shares of the company's stock traded hands, compared to its average volume of 1,379,652. Entegris has a 12-month low of $69.37 and a 12-month high of $146.91. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 107.43 and a beta of 1.32. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.67 and a current ratio of 3.85. The business has a 50 day moving average of $135.98 and a 200-day moving average of $117.81.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Tuesday, April 30th. Entegris's payout ratio is 33.61%.

Insider Buying and Selling at Entegris

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the transaction, the senior vice president now directly owns 42,931 shares in the company, valued at $5,832,605.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Daniel D. Woodland sold 9,000 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $139.50, for a total value of $1,255,500.00. Following the transaction, the insider now owns 32,730 shares in the company, valued at $4,565,835. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Susan G. Rice sold 17,518 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $135.86, for a total transaction of $2,379,995.48. Following the completion of the transaction, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The disclosure for this sale can be found here. Insiders have sold 41,082 shares of company stock worth $5,606,849 over the last ninety days. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ENTG shares. Wolfe Research started coverage on shares of Entegris in a report on Friday, March 1st. They issued an "outperform" rating and a $160.00 price target on the stock. Craig Hallum raised shares of Entegris from a "hold" rating to a "buy" rating and set a $150.00 price target on the stock in a report on Thursday, February 15th. Mizuho reissued a "neutral" rating and issued a $140.00 price target on shares of Entegris in a report on Tuesday, February 20th. The Goldman Sachs Group upped their price objective on shares of Entegris from $104.00 to $147.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Finally, Citigroup upped their price objective on shares of Entegris from $117.00 to $134.00 and gave the stock a "neutral" rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $141.64.

Entegris Company Profile

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).