Entegris (NASDAQ:ENTG) Issues Q2 Earnings Guidance

Entegris (NASDAQ:ENTG) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.68 to $0.73 for the period, compared to the consensus EPS 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 Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of Entegris from a hold rating to a sell rating in a report on Thursday, February 22nd. Craig Hallum raised shares of Entegris from a hold rating to a buy rating and set a $150.00 price objective on the stock in a report on Thursday, February 15th. Wolfe Research assumed coverage on shares of Entegris in a report on Friday, March 1st. They set an outperform rating and a $160.00 price objective on the stock. KeyCorp lifted their price target on shares of Entegris from $136.00 to $164.00 and gave the stock an overweight rating in a report on Thursday, February 15th. Finally, UBS Group lifted their price target on shares of Entegris from $90.00 to $130.00 and gave the stock a neutral rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Entegris has an average rating of Moderate Buy and a consensus price target of $141.91.

Entegris Stock Performance

Shares of NASDAQ ENTG traded up $5.20 during mid-day trading on Friday, hitting $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 debt-to-equity ratio of 1.22, a quick ratio of 2.67 and a current ratio of 3.35. The company has a 50 day moving average of $135.27 and a two-hundred day moving average of $119.28. Entegris has a twelve month low of $72.96 and a twelve month high of $146.91. The firm has a market cap of $19.87 billion, a PE ratio of 63.37 and a beta of 1.31.

Entegris (NASDAQ:ENTG) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $0.68 earnings per share (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 firm had revenue of $771.03 million for the quarter, compared to the consensus estimate of $769.24 million. During the same period in the prior year, the firm earned $0.65 EPS. The firm’s revenue was down 16.4% on a year-over-year basis. Research analysts predict that Entegris will post 3.27 EPS for the current fiscal year.

Entegris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, April 30th. Entegris’s payout ratio is 19.23%.

Insider Activity at Entegris

In related news, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $139.50, for a total value of $1,255,500.00. Following the transaction, the insider now directly owns 32,730 shares of the company’s stock, valued at approximately $4,565,835. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Entegris news, SVP Michael Besnard sold 12,667 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $135.78, for a total value of $1,719,925.26. Following the sale, the senior vice president now directly owns 10,213 shares of the company’s stock, valued at $1,386,721.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel D. Woodland sold 9,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 32,730 shares in the company, valued at $4,565,835. The disclosure for this sale can be found here. Insiders have sold a total of 41,082 shares of company stock valued at $5,606,849 in the last ninety days. Company 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).