Entegris, Inc. to Post Q3 2024 Earnings of $0.80 Per Share, KeyCorp Forecasts (NASDAQ:ENTG)

Entegris, Inc. (NASDAQ:ENTG) – Equities researchers at KeyCorp issued their Q3 2024 earnings per share estimates for shares of Entegris in a research note issued on Sunday, October 6th. KeyCorp analyst A. Yefremov expects that the semiconductor company will earn $0.80 per share for the quarter. The consensus estimate for Entegris’ current full-year earnings is $3.14 per share. KeyCorp also issued estimates for Entegris’ Q4 2024 earnings at $0.92 EPS, FY2024 earnings at $3.10 EPS, Q2 2025 earnings at $1.18 EPS, Q3 2025 earnings at $1.22 EPS and FY2025 earnings at $4.60 EPS.

Several other research firms have also recently weighed in on ENTG. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Entegris in a research report on Thursday, August 1st. Mizuho raised shares of Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Citigroup upgraded Entegris from a “neutral” rating to a “buy” rating and upped their target price for the stock from $119.00 to $130.00 in a research note on Monday, September 16th. Finally, BMO Capital Markets decreased their price target on Entegris from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. One 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 company’s stock. According to MarketBeat.com, Entegris presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

Entegris Stock Performance

NASDAQ ENTG opened at $109.91 on Wednesday. The firm has a 50-day moving average price of $110.33 and a two-hundred day moving average price of $125.19. Entegris has a 12-month low of $84.13 and a 12-month high of $147.57. The company has a market capitalization of $16.57 billion, a P/E ratio of 52.84, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18.

Entegris (NASDAQ:ENTG) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Entegris had a net margin of 5.61% and a return on equity of 12.03%. The company had revenue of $812.60 million during the quarter, compared to analysts’ expectations of $802.43 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. Entegris’s quarterly revenue was down 9.8% on a year-over-year basis.

Institutional Investors Weigh In On Entegris

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Entegris during the second quarter worth $26,000. Summit Securities Group LLC acquired a new position in Entegris during the 2nd quarter worth about $27,000. Quarry LP acquired a new position in Entegris during the 2nd quarter worth about $27,000. Trust Co. of Vermont bought a new stake in shares of Entegris in the 4th quarter valued at about $31,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Entegris in the second quarter valued at about $31,000.

Entegris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is 19.23%.

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).