Analysts Expect Entegris Inc (NASDAQ:ENTG) Will Announce Quarterly Sales of $417.55 Million

Equities analysts expect Entegris Inc (NASDAQ:ENTG) to report sales of $417.55 million for the current quarter, according to Zacks. Four analysts have issued estimates for Entegris’ earnings, with the highest sales estimate coming in at $421.30 million and the lowest estimate coming in at $411.60 million. Entegris posted sales of $378.87 million in the same quarter last year, which indicates a positive year over year growth rate of 10.2%. The company is scheduled to announce its next earnings report on Thursday, July 23rd.

According to Zacks, analysts expect that Entegris will report full-year sales of $1.64 billion for the current fiscal year, with estimates ranging from $1.63 billion to $1.66 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.76 billion, with estimates ranging from $1.72 billion to $1.81 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Entegris.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Tuesday, April 21st. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.04. The firm had revenue of $412.30 million for the quarter, compared to the consensus estimate of $416.35 million. Entegris had a net margin of 17.57% and a return on equity of 23.84%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share.

ENTG has been the subject of a number of analyst reports. Zacks Investment Research upgraded Entegris from a “sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Craig Hallum decreased their price target on shares of Entegris from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Deutsche Bank lifted their price objective on shares of Entegris from $48.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday, June 15th. Finally, Citigroup increased their target price on shares of Entegris from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $59.67.

NASDAQ ENTG traded down $1.79 during midday trading on Friday, hitting $57.36. 1,482,224 shares of the company traded hands, compared to its average volume of 1,003,659. Entegris has a 52 week low of $35.00 and a 52 week high of $64.90. The company’s 50-day simple moving average is $59.20 and its 200-day simple moving average is $53.20. The company has a market cap of $7.72 billion, a PE ratio of 27.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.92, a current ratio of 4.78 and a quick ratio of 3.30.

In related news, SVP William James Shaner sold 55,992 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $55.69, for a total value of $3,118,194.48. Following the transaction, the senior vice president now owns 84,941 shares in the company, valued at approximately $4,730,364.29. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul L. H. Olson sold 1,000 shares of Entegris stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $58.39, for a total transaction of $58,390.00. Following the sale, the director now owns 37,740 shares of the company’s stock, valued at $2,203,638.60. The disclosure for this sale can be found here. Insiders sold 65,630 shares of company stock worth $3,682,512 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Permanens Capital L.P. acquired a new position in Entegris during the fourth quarter valued at $25,000. Rockefeller Capital Management L.P. raised its stake in shares of Entegris by 47.1% during the 1st quarter. Rockefeller Capital Management L.P. now owns 731 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 234 shares during the last quarter. Americana Partners LLC purchased a new position in shares of Entegris during the 4th quarter valued at about $37,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Entegris in the fourth quarter worth about $45,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Entegris in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

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Earnings History and Estimates for Entegris (NASDAQ:ENTG)

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