Entegris (ENTG) Issues Q2 Earnings Guidance
Entegris (NASDAQ:ENTG) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.42-0.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.44. The company issued revenue guidance of $370-385 million, compared to the consensus revenue estimate of $368.27 million.
Several research firms have recently commented on ENTG. ValuEngine raised shares of Entegris from a hold rating to a buy rating in a research report on Friday, March 2nd. Zacks Investment Research cut shares of Entegris from a hold rating to a sell rating in a research report on Thursday, January 11th. Craig Hallum raised their target price on shares of Entegris from $37.00 to $42.50 and gave the stock a buy rating in a research report on Wednesday, March 21st. Needham & Company LLC reaffirmed a buy rating and issued a $37.00 target price (up from $35.00) on shares of Entegris in a research report on Wednesday, February 7th. Finally, Citigroup raised shares of Entegris from a neutral rating to a buy rating and set a $34.00 target price for the company in a research report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $37.27.
Shares of NASDAQ ENTG opened at $32.60 on Friday. Entegris has a 1 year low of $21.77 and a 1 year high of $38.25. The stock has a market cap of $4,737.70, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 1.70 and a beta of 1.40. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.63 and a quick ratio of 2.95.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 23rd. Investors of record on Wednesday, May 2nd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, May 1st. This represents a $0.28 dividend on an annualized basis and a yield of 0.86%. Entegris’s dividend payout ratio (DPR) is currently 9.72%.
In related news, SVP Corey Rucci sold 5,732 shares of Entegris stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $36.43, for a total transaction of $208,816.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Sauer sold 4,317 shares of Entegris stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.58, for a total transaction of $144,964.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 335,754 shares of company stock valued at $11,317,780. 1.20% of the stock is currently owned by corporate insiders.
Entegris Company Profile
Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH).
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