Entegris (NASDAQ:ENTG) Announces Quarterly Earnings Results

Entegris (NASDAQ:ENTG) posted 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 during the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter last year, the company earned $0.68 earnings per share. Entegris’s revenue for the quarter was down 9.1% on a year-over-year basis. Entegris updated its Q4 2024 guidance to 0.750-0.820 EPS and its Q4 guidance to $0.75-0.82 EPS.

Entegris Trading Down 0.2 %

Shares of NASDAQ:ENTG traded down $0.23 during mid-day trading on Tuesday, hitting $100.75. The company had a trading volume of 759,090 shares, compared to its average volume of 1,637,983. The firm has a fifty day moving average price of $109.13 and a 200 day moving average price of $121.10. The company has a market capitalization of $15.21 billion, a PE ratio of 66.75, a price-to-earnings-growth 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 has a one year low of $89.09 and a one year high of $147.57.

Entegris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, October 30th will be issued 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 yield of 0.40%. Entegris’s payout ratio is 26.49%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $150.00 price target on shares of Entegris in a research note on Thursday, August 1st. Citigroup raised shares of Entegris from a “neutral” rating to a “buy” rating and lifted 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 price target on shares of Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. Finally, Craig Hallum cut their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.40.

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).