Entegris, Inc. (NASDAQ:ENTG) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.35-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $335-345 million, compared to the consensus revenue estimate of $327.94 million.
Shares of Entegris, Inc. (NASDAQ:ENTG) traded up $0.30 during midday trading on Friday, hitting $31.60. 1,577,700 shares of the company’s stock were exchanged, compared to its average volume of 853,403. Entegris, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $33.05. The company has a quick ratio of 2.43, a current ratio of 3.14 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $4,425.72, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.56.
Entegris (NASDAQ:ENTG) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. Entegris had a net margin of 10.73% and a return on equity of 18.82%. The company had revenue of $345.60 million for the quarter, compared to analysts’ expectations of $334.30 million. During the same quarter last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. research analysts forecast that Entegris, Inc. will post 1.37 earnings per share for the current year.
The business also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. Entegris’s dividend payout ratio is currently 7.22%.
Several research firms have weighed in on ENTG. Dougherty & Co increased their price target on shares of Entegris from $27.50 to $30.00 and gave the stock a buy rating in a research report on Friday, July 28th. Needham & Company LLC restated a buy rating and set a $35.00 price objective on shares of Entegris in a research report on Friday, October 27th. Stifel Nicolaus restated a buy rating and set a $29.00 price objective (up from $28.00) on shares of Entegris in a research report on Sunday, July 30th. KeyCorp restated an outperform rating and set a $30.00 price objective on shares of Entegris in a research report on Saturday, September 16th. Finally, Citigroup Inc. lifted their price target on shares of Entegris from $29.00 to $34.00 and gave the company a neutral rating in a report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $32.10.
In other Entegris news, COO Todd James Edlund sold 5,954 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $32.32, for a total value of $192,433.28. Following the completion of the sale, the chief operating officer now directly owns 143,774 shares of the company’s stock, valued at approximately $4,646,775.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Corey Rucci sold 3,528 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $32.68, for a total transaction of $115,295.04. Following the completion of the sale, the vice president now directly owns 22,436 shares of the company’s stock, valued at $733,208.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,133 shares of company stock valued at $1,016,219. 1.70% of the stock is owned by corporate insiders.
Entegris Company Profile
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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