Entegris Inc (NASDAQ: ENTG) has reported earnings for its first fiscal quarter (ending March 31) of $0.30 versus a loss $-0.59 for the same period a year ago. This result fell short of the consensus estimate of $0.98 by $-0.68. For the latest four quarters through March 31, E.P.S. were $2.09 versus $0.03 for the same period a year ago — an increase of 6867%.
Recent Price Action
Entegris Inc (NASDAQ: ENTG) stock suffered a large decline of -7.2% on 5/1/24. The stock closed at $123.31. Moreover, exceptionally high trading volume at 213% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.3% during the last week.
Current PriceTarget Research Rating
ENTG is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Entegris has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Entegris has a poor Appreciation Score of 24 but a very high Power Rating of 88, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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