Entegris Inc (ENTG) Expected to Post Quarterly Sales of $360.28 Million
Analysts expect Entegris Inc (NASDAQ:ENTG) to report $360.28 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Entegris’ earnings, with the lowest sales estimate coming in at $359.70 million and the highest estimate coming in at $361.10 million. Entegris posted sales of $317.38 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.5%. The business is scheduled to announce its next earnings report on Thursday, April 26th.
On average, analysts expect that Entegris will report full-year sales of $360.28 million for the current year, with estimates ranging from $1.43 billion to $1.48 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.55 billion per share, with estimates ranging from $1.52 billion to $1.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Entegris.
Several research firms have recently commented on ENTG. Zacks Investment Research downgraded shares of Entegris from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Needham & Company LLC reiterated a “buy” rating and set a $35.00 price objective on shares of Entegris in a research report on Friday, October 27th. Citigroup upped their price target on shares of Entegris from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Dougherty & Co upped their price target on shares of Entegris from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Loop Capital upped their price objective on shares of Entegris from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $32.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Tuesday, January 30th. Entegris’s payout ratio is 23.73%.
In related news, Director Paul L. H. Olson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $30.21, for a total transaction of $90,630.00. Following the completion of the sale, the director now directly owns 45,364 shares of the company’s stock, valued at approximately $1,370,446.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Bradley sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $30.00, for a total value of $150,000.00. Following the sale, the director now directly owns 65,557 shares of the company’s stock, valued at $1,966,710. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the stock. Wolverine Trading LLC grew its position in Entegris by 149.6% in the 3rd quarter. Wolverine Trading LLC now owns 6,989 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 21,089 shares in the last quarter. Reliance Trust Co. of Delaware acquired a new position in Entegris in the 3rd quarter valued at about $208,000. CAPROCK Group Inc. acquired a new position in Entegris in the 4th quarter valued at about $220,000. Barings LLC acquired a new position in Entegris in the 3rd quarter valued at about $225,000. Finally, Welch & Forbes LLC acquired a new position in Entegris in the 3rd quarter valued at about $236,000. 95.70% of the stock is owned by hedge funds and other institutional investors.
Entegris, Inc is a global developer, manufacturer and supplier of microcontamination control products, specialty chemicals and materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries. The Company operates in three business segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH) and Microcontamination Control (MC).
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