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 (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01), Briefing.com reports. The firm had revenue of $807.70 million during the quarter, compared to the consensus estimate of $832.44 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $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 3.8 %

NASDAQ ENTG traded up $3.88 during midday trading on Wednesday, hitting $107.00. 70,169 shares of the company traded hands, compared to its average volume of 1,640,132. 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 $108.88 and its 200-day simple moving average is $120.97. The company has a market cap of $16.15 billion, a PE ratio of 68.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.58 and a quick ratio of 2.14.

Entegris Announces Dividend

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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, October 30th. Entegris’s dividend payout ratio (DPR) is 26.49%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ENTG shares. Mizuho decreased 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. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Entegris in a research report on Thursday, August 1st. Craig Hallum cut their price target on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday. KeyCorp reduced their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, UBS Group lowered their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.10.

About Entegris

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).