Entegris (NASDAQ:ENTG) Releases Earnings Results, Misses Expectations By $0.01 EPS

Entegris (NASDAQ:ENTG - Get Free Report) issued its quarterly earnings results on Monday. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01), Briefing.com reports. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same quarter in the previous year, the company posted $0.68 EPS. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. Entegris updated its Q4 2024 guidance to 0.750-0.820 EPS and its Q4 guidance to $0.75-0.82 EPS.

Entegris Price Performance

ENTG stock traded up $2.14 during trading on Tuesday, hitting $103.12. The stock had a trading volume of 2,788,982 shares, compared to its average volume of 1,647,469. The company's 50-day moving average price is $109.13 and its two-hundred day moving average price is $121.10. Entegris has a twelve month low of $89.09 and a twelve month high of $147.57. The stock has a market capitalization of $15.57 billion, a P/E ratio of 67.05, a PEG ratio of 1.45 and a beta of 1.24. 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 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 dividend yield of 0.39%. Entegris's dividend payout ratio (DPR) is presently 26.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup upgraded Entegris from a "neutral" rating to a "buy" rating and raised their target price for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Entegris from $145.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday. 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. Mizuho dropped their price objective on shares of Entegris from $143.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, KeyCorp cut their price target on Entegris from $164.00 to $154.00 and set an "overweight" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Entegris has a consensus rating of "Moderate Buy" and an average target price of $136.10.

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).