Entegris (NASDAQ:ENTG) Releases Q2 Earnings Guidance

Entegris (NASDAQ:ENTG) issued an update on its second quarter earnings guidance on Wednesday morning. 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.

Analysts Set New Price Targets

ENTG has been the topic of several research analyst reports. StockNews.com lowered Entegris from a hold rating to a sell rating in a research report on Thursday, February 22nd. Needham & Company LLC reiterated a buy rating and issued a $150.00 price target on shares of Entegris in a research report on Wednesday. Wolfe Research initiated coverage on shares of Entegris in a research report on Friday, March 1st. They set an outperform rating and a $160.00 price objective on the stock. Citigroup upped their target price on shares of Entegris from $117.00 to $134.00 and gave the company a neutral rating in a report on Friday, February 16th. 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 report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $141.91.

Entegris Stock Performance

NASDAQ:ENTG traded up $5.20 during mid-day trading 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. Entegris has a twelve month low of $72.96 and a twelve month high of $146.91. The business has a 50 day simple moving average of $135.27 and a 200 day simple moving average of $119.28. The firm has a market capitalization of $19.87 billion, a price-to-earnings ratio of 63.37 and a beta of 1.31. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.67 and a current ratio of 3.35.

Entegris (NASDAQ:ENTG) last posted 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 period last year, the firm earned $0.65 EPS. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, analysts expect that Entegris will post 3.27 earnings per share for the current fiscal year.

Entegris Announces Dividend

The business 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. The ex-dividend date 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 presently 19.23%.

Insider Buying and Selling

In related 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 value of $2,379,995.48. Following the sale, the senior vice president now owns 42,931 shares in the company, valued at approximately $5,832,605.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Entegris news, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 32,730 shares of the company’s stock, valued at $4,565,835. The sale was disclosed in a legal filing 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 transaction, the senior vice president now directly owns 42,931 shares of the company’s stock, valued at $5,832,605.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,082 shares of company stock valued at $5,606,849. Corporate insiders own 0.67% of the company’s stock.

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).