Entegris (NASDAQ:ENTG) Posts Quarterly Earnings Results

Entegris (NASDAQ:ENTG) posted its quarterly earnings results on Monday. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01), Briefing.com reports. The company had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. Entegris’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. Entegris updated its Q4 2024 guidance to 0.750-0.820 EPS and its Q4 guidance to $0.75-0.82 EPS.

Entegris Stock Up 0.1 %

Shares of ENTG stock traded up $0.06 during trading hours on Tuesday, hitting $101.04. 838,168 shares of the company were exchanged, compared to its average volume of 1,638,353. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 66.75, a P/E/G ratio of 1.45 and a beta of 1.24. The business’s 50-day simple moving average is $109.13 and its two-hundred day simple moving average is $121.10. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. Entegris has a one year low of $89.09 and a one year high of $147.57.

Entegris Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Wednesday, October 30th. Entegris’s payout ratio is currently 26.49%.

Wall Street Analysts Forecast Growth

ENTG has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Craig Hallum reduced their price objective on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Finally, KeyCorp dropped their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.40.

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).