Entegris (NASDAQ:ENTG) Releases Q4 2024 Earnings Guidance

Entegris (NASDAQ:ENTG) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.750-0.820 for the period, compared to the consensus earnings per share estimate of 0.950. The company issued revenue guidance of $810.0 million-$840.0 million, compared to the consensus revenue estimate of $878.8 million. Entegris also updated its Q4 guidance to $0.75-0.82 EPS.

Analyst Ratings Changes

A number of analysts have recently issued reports on ENTG shares. BMO Capital Markets reduced their target price on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group lowered their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday. Craig Hallum reduced their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, KeyCorp reduced their target price on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Entegris currently has an average rating of “Moderate Buy” and an average price target of $135.40.

Entegris Stock Performance

Shares of ENTG traded up $1.85 during mid-day trading on Thursday, hitting $106.92. 167,380 shares of the company’s stock were exchanged, compared to its average volume of 1,648,678. Entegris has a 52 week low of $90.24 and a 52 week high of $147.57. The stock’s 50-day simple moving average is $108.73 and its 200-day simple moving average is $120.85. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 69.58, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.37%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 EPS. On average, equities research analysts expect that Entegris will post 3.13 EPS for the current year.

Entegris Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Wednesday, October 30th. Entegris’s dividend payout ratio is presently 26.49%.

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).