Entegris (NASDAQ:ENTG) Updates Q4 Earnings Guidance

Entegris (NASDAQ:ENTG) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.75-0.82 for the period, compared to the consensus earnings per share estimate of $0.94. The company issued revenue guidance of $810-840 million, compared to the consensus revenue estimate of $878.81 million. Entegris also updated its Q4 2024 guidance to 0.750-0.820 EPS.

Entegris Stock Performance

Shares of NASDAQ:ENTG traded down $4.63 during trading on Monday, hitting $102.42. The stock had a trading volume of 651,475 shares, compared to its average volume of 1,629,776. 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 has a 12-month low of $89.09 and a 12-month high of $147.57. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of 87.75, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. The stock has a 50-day simple moving average of $109.36 and a two-hundred day simple moving average of $121.34.

Entegris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be paid a $0.10 dividend. 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 is presently 32.79%.

Wall Street Analyst Weigh In

Several research firms have commented on ENTG. Deutsche Bank Aktiengesellschaft cut their price objective on Entegris from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Citigroup raised 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. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of Entegris in a research note on Thursday, August 1st. Mizuho upgraded shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Thursday, August 1st. Finally, BMO Capital Markets lowered their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Entegris has an average rating of “Moderate Buy” and a consensus price target of $146.40.

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).