Seaport Res Ptn Expects Reduced Earnings for Entegris

Entegris, Inc. (NASDAQ:ENTG) – Analysts at Seaport Res Ptn reduced their FY2024 earnings estimates for shares of Entegris in a research note issued to investors on Tuesday, November 5th. Seaport Res Ptn analyst M. Harrison now forecasts that the semiconductor company will post earnings per share of $2.95 for the year, down from their previous estimate of $3.13. The consensus estimate for Entegris’ current full-year earnings is $3.13 per share. Seaport Res Ptn also issued estimates for Entegris’ Q4 2024 earnings at $0.78 EPS, Q1 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.99 EPS, Q4 2025 earnings at $1.06 EPS and FY2025 earnings at $3.69 EPS.

Entegris (NASDAQ:ENTG) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Entegris had a net margin of 5.61% and a return on equity of 12.03%. The firm had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis.

Several other research analysts also recently commented on ENTG. BMO Capital Markets cut their price target on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday. KeyCorp lowered their price objective on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Finally, Citigroup lowered their price objective on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.40.

Entegris Stock Up 1.9 %

Shares of NASDAQ:ENTG opened at $105.07 on Wednesday. The firm has a fifty day moving average price of $108.88 and a two-hundred day moving average price of $120.97. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14. Entegris has a one year low of $90.24 and a one year high of $147.57. The company has a market cap of $15.86 billion, a price-to-earnings ratio of 69.52, a PEG ratio of 1.45 and a beta of 1.24.

Hedge Funds Weigh In On Entegris

Institutional investors and hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co grew its position in Entegris by 161.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,677 shares of the semiconductor company’s stock worth $15,135,000 after acquiring an additional 66,437 shares during the last quarter. Diversified Trust Co bought a new position in Entegris during the 2nd quarter worth approximately $851,000. Cetera Investment Advisers grew its position in Entegris by 128.0% during the 1st quarter. Cetera Investment Advisers now owns 20,387 shares of the semiconductor company’s stock worth $2,865,000 after acquiring an additional 11,444 shares during the last quarter. SG Americas Securities LLC grew its position in Entegris by 272.2% during the 1st quarter. SG Americas Securities LLC now owns 6,484 shares of the semiconductor company’s stock worth $911,000 after acquiring an additional 4,742 shares during the last quarter. Finally, Swedbank AB grew its position in Entegris by 520.3% during the 2nd quarter. Swedbank AB now owns 300,361 shares of the semiconductor company’s stock worth $40,669,000 after acquiring an additional 251,938 shares during the last quarter.

Entegris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.38%. Entegris’s payout ratio is 26.49%.

Entegris Company Profile

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).