Entegris, Inc. Announces Quarterly Dividend of $0.10 (NASDAQ:ENTG)

Entegris, Inc. (NASDAQ:ENTGGet Free Report) declared a quarterly dividend on Wednesday, January 15th,RTT News reports. Stockholders of record on Wednesday, January 29th will be given a dividend of 0.10 per share by the semiconductor company on Wednesday, February 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.40%.

Entegris has increased its dividend payment by an average of 7.7% per year over the last three years. Entegris has a dividend payout ratio of 8.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Entegris to earn $3.90 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.3%.

Entegris Trading Up 1.3 %

Shares of ENTG stock opened at $99.50 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 1.83 and a debt-to-equity ratio of 1.14. Entegris has a 12-month low of $94.92 and a 12-month high of $147.57. The stock has a market capitalization of $15.02 billion, a P/E ratio of 65.89, a P/E/G ratio of 1.76 and a beta of 1.24. The firm’s 50 day moving average is $103.67 and its 200 day moving average is $111.43.

Entegris (NASDAQ:ENTGGet Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $807.70 million during the quarter, compared to analysts’ expectations of $832.44 million. Entegris had a return on equity of 12.24% and a net margin of 7.13%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. Research analysts expect that Entegris will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ENTG has been the subject of a number of recent research reports. Citigroup cut their price target on Entegris from $130.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. KeyCorp reduced their price objective on Entegris from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Craig Hallum decreased their target price on Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. BMO Capital Markets cut their price target on Entegris from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Entegris from $145.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $134.50.

Check Out Our Latest Analysis on ENTG

Entegris Company Profile

(Get Free Report)

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).

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Dividend History for Entegris (NASDAQ:ENTG)

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