FY2024 EPS Forecast for Entegris Decreased by Analyst

Entegris, Inc. (NASDAQ:ENTG - Free Report) - Research analysts at Seaport Res Ptn decreased their FY2024 earnings per share estimates for Entegris in a report issued on Tuesday, November 5th. Seaport Res Ptn analyst M. Harrison now anticipates that the semiconductor company will post earnings per share of $2.95 for the year, down from their previous forecast 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.

A number of other equities research analysts also recently commented on the company. Citigroup cut their price objective on Entegris from $130.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday. Mizuho reduced their target price on Entegris from $143.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday. BMO Capital Markets dropped their price target on Entegris from $145.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday. UBS Group reduced their price objective on shares of Entegris from $130.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, KeyCorp dropped their target price on shares of Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research report on Tuesday. One research 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $135.40.

Entegris Price Performance

NASDAQ:ENTG traded up $1.95 during trading hours on Wednesday, reaching $105.07. 3,388,931 shares of the company's stock were exchanged, compared to its average volume of 1,655,565. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $15.86 billion, a P/E ratio of 69.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. Entegris has a 12 month low of $90.24 and a 12 month high of $147.57. The business's 50-day simple moving average is $108.88 and its two-hundred day simple moving average is $120.97.

Entegris (NASDAQ:ENTG - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). The business had revenue of $807.70 million during the quarter, compared to analyst estimates of $832.44 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. Entegris's revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share.

Institutional Investors Weigh In On Entegris

Several large investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Entegris in the second quarter valued at approximately $26,000. Summit Securities Group LLC acquired a new stake in shares of Entegris in the 2nd quarter valued at $27,000. Quarry LP acquired a new stake in shares of Entegris in the 2nd quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in Entegris in the third quarter worth $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in Entegris during the second quarter worth $31,000.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris's dividend payout ratio (DPR) is presently 26.49%.

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).