Entegris (ENTG) Scheduled to Post Quarterly Earnings on Monday

Entegris (NASDAQ:ENTG - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Entegris has set its Q3 2024 guidance at 0.750-0.800 EPS and its Q3 guidance at $0.75-$0.80 EPS.Investors interested in participating in the company's conference call can do so using this link.

Entegris (NASDAQ:ENTG - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. The firm had revenue of $812.60 million for the quarter, compared to analysts' expectations of $802.43 million. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. 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

ENTG traded up $0.94 during trading on Monday, hitting $105.95. 1,892,362 shares of the company traded hands, compared to its average volume of 1,626,487. The company has a current ratio of 3.58, a quick ratio of 2.14 and a debt-to-equity ratio of 1.18. The company has a market cap of $15.98 billion, a PE ratio of 51.06, a P/E/G ratio of 1.39 and a beta of 1.24. The stock's 50-day simple moving average is $110.10 and its two-hundred day simple moving average is $122.20. Entegris has a 1 year low of $84.13 and a 1 year high of $147.57.

Entegris Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Entegris's payout ratio is 19.23%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Entegris from $160.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. BMO Capital Markets reduced their target price on shares of Entegris from $160.00 to $145.00 and set an "outperform" rating on the stock in a report on Thursday, August 1st. Citigroup raised shares of Entegris from a "neutral" rating to a "buy" rating and increased their price target for the company from $119.00 to $130.00 in a report on Monday, September 16th. Finally, Mizuho raised shares of Entegris from a "neutral" rating to an "outperform" rating and set a $143.00 price target for the company in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Entegris presently has an average rating of "Moderate Buy" and an average 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).