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.

Shares of Entegris (NASDAQ:ENTG) opened at $30.80 on Monday. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.40. Entegris has a 12-month low of $20.50 and a 12-month high of $35.35. The stock has a market cap of $4,355.02, a P/E ratio of 52.20, a P/E/G ratio of 1.62 and a beta of 1.51.

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.

COPYRIGHT VIOLATION NOTICE: “Entegris Inc (ENTG) Expected to Post Quarterly Sales of $360.28 Million” was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://theolympiareport.com/2018/02/12/entegris-inc-entg-expected-to-post-quarterly-sales-of-360-28-million.html.

About Entegris

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).

Get a free copy of the Zacks research report on Entegris (ENTG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Entegris (NASDAQ:ENTG)

Receive News & Ratings for Entegris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Entegris and related companies with MarketBeat.com's FREE daily email newsletter.