Brokerages forecast that Entegris Inc (NASDAQ:ENTG) will announce $417.55 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Entegris’ earnings. The highest sales estimate is $421.30 million and the lowest is $411.60 million. Entegris reported sales of $378.87 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.2%. The business is scheduled to issue its next earnings report on Thursday, July 23rd.
On average, analysts expect that Entegris will report full-year sales of $1.64 billion for the current fiscal year, with estimates ranging from $1.63 billion to $1.66 billion. For the next financial year, analysts expect that the company will report sales of $1.76 billion, with estimates ranging from $1.72 billion to $1.81 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Entegris.
Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Tuesday, April 21st. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. Entegris had a return on equity of 23.84% and a net margin of 17.57%. The company had revenue of $412.30 million during the quarter, compared to the consensus estimate of $416.35 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year.
NASDAQ ENTG traded down $1.79 on Friday, hitting $57.36. The company’s stock had a trading volume of 1,482,224 shares, compared to its average volume of 1,003,659. The company has a quick ratio of 3.30, a current ratio of 4.78 and a debt-to-equity ratio of 0.92. Entegris has a 1-year low of $35.00 and a 1-year high of $64.90. The company’s 50-day moving average is $59.20 and its 200 day moving average is $53.20. The firm has a market cap of $7.72 billion, a PE ratio of 27.58 and a beta of 1.30.
In other news, SVP William James Shaner sold 55,992 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $55.69, for a total value of $3,118,194.48. Following the sale, the senior vice president now directly owns 84,941 shares of the company’s stock, valued at approximately $4,730,364.29. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul L. H. Olson sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $58.39, for a total transaction of $58,390.00. Following the completion of the sale, the director now directly owns 37,740 shares in the company, valued at $2,203,638.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,630 shares of company stock worth $3,682,512. Insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Permanens Capital L.P. bought a new position in Entegris during the fourth quarter worth $25,000. Rockefeller Capital Management L.P. boosted its stake in Entegris by 47.1% during the first quarter. Rockefeller Capital Management L.P. now owns 731 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 234 shares in the last quarter. Americana Partners LLC bought a new position in Entegris during the fourth quarter worth $37,000. NumerixS Investment Technologies Inc bought a new position in Entegris during the fourth quarter worth $45,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Entegris during the fourth quarter worth $49,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.
Entegris, Inc develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).
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