Entegris (NASDAQ:ENTG) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Entegris (NASDAQ:ENTG) announced its quarterly earnings data 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 business 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 company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. 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 1.8 %

NASDAQ ENTG traded up $1.94 during trading on Thursday, hitting $107.01. The stock had a trading volume of 365,032 shares, compared to its average volume of 1,649,593. Entegris has a 12 month low of $90.24 and a 12 month high of $147.57. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The company’s 50-day moving average price is $108.73 and its two-hundred day moving average price is $120.85. The company has a market capitalization of $16.16 billion, a PE ratio of 69.58, a P/E/G ratio of 1.36 and a beta of 1.24.

Entegris Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup reduced their target price on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group decreased their target price on Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday. KeyCorp dropped 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.40.

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).