Entegris (NASDAQ:ENTG) Releases Q2 Earnings Guidance

Entegris (NASDAQ:ENTG) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.68 to $0.73 for the period, compared to the consensus estimate of $0.74. The company issued revenue guidance of $790 million to $810 million, compared to the consensus revenue estimate of $809.36 million. Entegris also updated its Q2 2024 guidance to 0.680-0.730 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Entegris from $90.00 to $130.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. BMO Capital Markets lifted their price objective on shares of Entegris from $130.00 to $160.00 and gave the stock an outperform rating in a research report on Friday, February 16th. Mizuho increased their target price on Entegris from $140.00 to $143.00 and gave the company a neutral rating in a report on Thursday. Needham & Company LLC reaffirmed a buy rating and issued a $150.00 target price on shares of Entegris in a research report on Wednesday. Finally, Craig Hallum raised Entegris from a hold rating to a buy rating and set a $150.00 price target on the stock in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $141.91.

Entegris Stock Up 4.1 %

NASDAQ ENTG traded up $5.20 on Friday, reaching $131.80. The stock had a trading volume of 1,600,512 shares, compared to its average volume of 1,376,751. The company has a current ratio of 3.35, a quick ratio of 2.67 and a debt-to-equity ratio of 1.22. Entegris has a 1 year low of $72.96 and a 1 year high of $146.91. The business has a 50 day moving average price of $135.27 and a 200 day moving average price of $119.28. The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of 63.37 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.61 by $0.07. Entegris had a return on equity of 11.94% and a net margin of 9.31%. The business had revenue of $771.03 million during the quarter, compared to analysts’ expectations of $769.24 million. During the same quarter in the previous year, the business posted $0.65 EPS. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, analysts forecast that Entegris will post 3.27 EPS for the current fiscal year.

Entegris Announces Dividend

The firm 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 dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. Entegris’s dividend payout ratio is currently 19.23%.

Insider Activity at Entegris

In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the stock in a transaction 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 of the company’s stock, valued at $5,832,605.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Entegris news, SVP Susan G. Rice sold 17,518 shares of the company’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 sale, the senior vice president now owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of Entegris stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $139.50, for a total transaction of $1,255,500.00. Following the completion of the transaction, the insider now directly owns 32,730 shares in the company, valued at approximately $4,565,835. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,082 shares of company stock valued at $5,606,849. Insiders own 0.67% of the company’s stock.

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).