Entegris (NASDAQ:ENTG) Announces Quarterly Earnings Results

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

Entegris Stock Up 0.1 %

Shares of ENTG traded up $0.06 during midday trading on Tuesday, hitting $101.04. The stock had a trading volume of 838,168 shares, compared to its average volume of 1,638,353. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of 66.75, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The company has a 50 day simple moving average of $109.13 and a two-hundred day simple moving average of $121.10. 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 twelve month low of $89.09 and a twelve month high of $147.57.

Entegris Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently commented on ENTG. Citigroup upgraded 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 report on Monday, September 16th. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets reduced their target price on Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Finally, KeyCorp lowered their price target on Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.40.

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).