Entegris (NASDAQ:ENTG) Updates Q3 Earnings Guidance

Entegris (NASDAQ:ENTG) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.75-$0.80 for the period, compared to the consensus earnings per share estimate of $0.89. The company issued revenue guidance of $820-$840 million, compared to the consensus revenue estimate of $869.64 million. Entegris also updated its Q3 2024 guidance to 0.750-0.800 EPS.

Entegris Price Performance

Shares of ENTG traded down $7.74 on Friday, reaching $102.14. The stock had a trading volume of 5,638,150 shares, compared to its average volume of 1,973,830. Entegris has a twelve month low of $84.13 and a twelve month high of $147.57. The firm has a market capitalization of $15.42 billion, a PE ratio of 49.11, a PEG ratio of 1.27 and a beta of 1.25. The firm has a 50-day moving average of $132.39 and a 200 day moving average of $131.79. The company has a quick ratio of 2.02, a current ratio of 3.58 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. During the same quarter in the prior year, the company earned $0.66 EPS. Entegris’s revenue was down 9.8% on a year-over-year basis. Sell-side analysts expect that Entegris will post 3.22 EPS for the current year.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Wednesday, July 31st. Entegris’s dividend payout ratio is presently 19.23%.

Wall Street Analyst Weigh In

ENTG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Entegris from $160.00 to $145.00 and set a buy rating for the company in a report on Thursday. BMO Capital Markets decreased their target price on Entegris from $160.00 to $145.00 and set an outperform rating for the company in a report on Thursday. Mizuho upgraded Entegris from a neutral rating to an outperform rating and set a $143.00 target price for the company in a report on Thursday. Finally, Needham & Company LLC reiterated a buy rating and set a $150.00 target price on shares of Entegris in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $146.80.

Insider Activity

In other news, SVP Olivier Blachier sold 1,986 shares of Entegris stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the sale, the senior vice president now owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Olivier Blachier sold 1,986 shares of Entegris stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $133.84, for a total transaction of $265,806.24. Following the sale, the senior vice president now owns 12,356 shares of the company’s stock, valued at $1,653,727.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Bertrand Loy sold 27,044 shares of Entegris stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.63, for a total value of $3,803,197.72. Following the sale, the chief executive officer now directly owns 263,068 shares in the company, valued at approximately $36,995,252.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,796 shares of company stock valued at $9,870,921. Insiders own 0.67% of the company’s stock.

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).