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

Entegris (NASDAQ:ENTG) announced its earnings results on Monday. The semiconductor company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01), Briefing.com reports. Entegris had a return on equity of 12.03% and a net margin of 5.61%. The business had revenue of $807.70 million for the quarter, compared to analysts’ expectations of $832.44 million. During the same quarter last year, the firm earned $0.68 earnings per share. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. Entegris updated its Q4 2024 guidance to 0.750-0.820 EPS and its Q4 guidance to $0.75-0.82 EPS.

Entegris Stock Performance

Entegris stock traded up $3.88 during midday trading on Wednesday, hitting $107.00. 70,169 shares of the company were exchanged, compared to its average volume of 1,640,132. The business has a fifty day simple moving average of $108.88 and a two-hundred day simple moving average of $120.97. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.14 and a current ratio of 3.58. The firm has a market capitalization 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. Entegris has a fifty-two week low of $90.24 and a fifty-two week high of $147.57.

Entegris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Entegris’s dividend payout ratio (DPR) is presently 26.49%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ENTG shares. Mizuho dropped their price target on Entegris from $143.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday. Craig Hallum dropped their target price on shares of Entegris from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday. KeyCorp decreased their price target on shares of Entegris from $164.00 to $154.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group dropped their price objective on shares of Entegris from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Entegris from $145.00 to $115.00 and set a “buy” 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 issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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).