Entegris (ENTG) Set to Announce Quarterly Earnings on Monday

Entegris (NASDAQ:ENTG) will announce its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business had revenue of $812.60 million for the quarter, compared to analyst estimates of $802.43 million. During the same period in the previous year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, analysts expect Entegris to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Entegris Price Performance

Shares of NASDAQ ENTG opened at $107.05 on Friday. The business has a 50 day moving average price of $109.36 and a two-hundred day moving average price of $121.41. Entegris has a fifty-two week low of $84.13 and a fifty-two week high of $147.57. The firm has a market cap of $16.16 billion, a PE ratio of 87.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18.

Entegris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Wednesday, October 30th. Entegris’s payout ratio is currently 32.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ENTG shares. Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and increased their price objective for the company from $119.00 to $130.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, August 1st. BMO Capital Markets reduced their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Entegris in a report on Thursday, August 1st. Finally, Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $146.40.

About Entegris

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).