Entegris (NASDAQ:ENTG) Issues Earnings Results, Misses Expectations By $0.01 EPS

Entegris (NASDAQ:ENTG) announced its quarterly earnings data on Monday. The semiconductor company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01), Briefing.com reports. The business had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a net margin of 7.13% and a return on equity of 12.37%. Entegris’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm 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 1.8 %

Shares of Entegris stock traded up $1.94 during midday trading on Thursday, reaching $107.01. 365,032 shares of the company’s stock traded hands, compared to its average volume of 1,649,593. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. Entegris has a 52 week low of $90.24 and a 52 week high of $147.57. The company’s 50 day simple moving average is $108.73 and its 200 day simple moving average is $120.85. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 69.58, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date is Wednesday, October 30th. Entegris’s payout ratio is presently 26.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ENTG shares. KeyCorp reduced their target price on Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday. Citigroup reduced their price target on shares of Entegris from $130.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday. BMO Capital Markets dropped their price objective on shares of Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Mizuho dropped their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday. One 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.40.

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).