Entegris (NASDAQ:ENTG) Updates Q4 2024 Earnings Guidance

Entegris (NASDAQ:ENTG) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.750-0.820 for the period, compared to the consensus EPS estimate of 0.950. The company issued revenue guidance of $810.0 million-$840.0 million, compared to the consensus revenue estimate of $878.8 million. Entegris also updated its Q4 guidance to $0.75-0.82 EPS.

Entegris Trading Up 2.1 %

Entegris stock opened at $103.12 on Wednesday. Entegris has a one year low of $89.09 and a one year high of $147.57. The company’s fifty day moving average price is $109.13 and its two-hundred day moving average price is $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. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 68.29, a PEG ratio of 1.45 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company had revenue of $807.70 million for the quarter, compared to analyst estimates of $832.44 million. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue was down 9.1% on a year-over-year basis. On average, analysts forecast that Entegris will post 3.13 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s payout ratio is 26.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ENTG shares. UBS Group lowered their target price on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday. Mizuho lowered their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday. Craig Hallum cut their price objective on Entegris from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on Entegris from $145.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and upped their price target for the stock from $119.00 to $130.00 in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.10.

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).