Back to top

Aggressive Growth

Entegris, Inc (ENTG - Snapshot Report) shares jumped on a recent earnings surprise. But, thanks to rising estimates and shares retracing, ENTG is also a great value. Now could be a great time to get into this Zacks #1 Rank (Strong Buy).

Company Description

Entegris, Inc. offers a range of products used in making semiconductors and other applications such as purifying, protecting and transporting materials. Locations are in the U.S, Asia and Europe.

Record-Setting Sales

On Apr 21 Entegris reported first-quarter sales of $203 million, which is a record for the company. The top line greW 27% since last year and was 12% higher than the previous quarter.

Net income came in at $29.2 million, a 76% jump from last year and broke down to $0.23 per share. The Zacks Consensus Estimate was $0.20 heading into the number, giving Entegris its third consecutive surprise.

Estimates Gain Ground

Over the past week, 4 analysts raised their full-year estimates. The average estimate for this year rose 6 cents, to $0.91. That would give Entegris a 28% growth rate. Next year's consensus jumped 8 cents and is also at $0.91. While that give them a flat projection for 2012, the upward estimates should continue and paint a nice growth picture for the long run.

Entegris has a long-term growth rate of 12%, and given the current estimates the growth is coming at a discount. The forward P/E is just over 9 times, which puts the PEG ratio at 0.8 times.

The Chart

Shares of ENTG jumped ahead of, and even more after, the earnings report, but have been retracing the past few sessions. This could be a good chance to get in at a good value.

Entegris, Inc - ticker ENTG>

 
<P ALIGN=

Bill Wilton is the Aggressive Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the Zacks Small Cap Trader service

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%
STRATTEC SE… STRT 80.24 +3.00%