FY2024 EPS Estimates for Entegris Lowered by Seaport Res Ptn

Entegris, Inc. (NASDAQ:ENTG) – Stock analysts at Seaport Res Ptn decreased their FY2024 earnings estimates for shares of Entegris in a research report issued to clients and investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the semiconductor company will post earnings of $2.92 per share for the year, down from their prior estimate of $2.95. The consensus estimate for Entegris’ current full-year earnings is $2.95 per share. Seaport Res Ptn also issued estimates for Entegris’ Q4 2024 earnings at $0.76 EPS, Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.04 EPS, FY2025 earnings at $3.58 EPS and FY2026 earnings at $4.53 EPS.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data 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 return on equity of 12.24% and a net margin of 7.13%. 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 firm earned $0.68 EPS. The business’s revenue was down 9.1% on a year-over-year basis.

Other analysts have also recently issued reports about the stock. KeyCorp reduced their target price on shares of Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Mizuho decreased their target price on Entegris from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Craig Hallum cut their price target on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Citigroup decreased their price objective on Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, UBS Group cut their price objective on Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.50.

Entegris Price Performance

NASDAQ ENTG opened at $105.88 on Thursday. The company has a quick ratio of 1.83, a current ratio of 2.92 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $15.99 billion, a P/E ratio of 70.12, a PEG ratio of 1.43 and a beta of 1.24. The company has a 50-day moving average price of $103.67 and a 200-day moving average price of $109.97. Entegris has a 52 week low of $94.92 and a 52 week high of $147.57.

Entegris Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, January 29th. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Hedge Funds Weigh In On Entegris

Several institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of Entegris in the second quarter worth about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Entegris during the 3rd quarter worth approximately $29,000. Blue Trust Inc. boosted its position in shares of Entegris by 221.3% during the 3rd quarter. Blue Trust Inc. now owns 347 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 239 shares during the last quarter. Fortitude Family Office LLC raised its stake in Entegris by 195.7% during the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 274 shares in the last quarter. Finally, Covestor Ltd lifted its position in Entegris by 241.8% during the third quarter. Covestor Ltd now owns 417 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 295 shares during the last quarter.

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).