MKS Instruments Inc. (MKSI) Updates Q1 Earnings Guidance
MKS Instruments Inc. (NASDAQ:MKSI) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.35-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.38, StockRatingsNetwork.com reports. The company issued revenue guidance of $190-205, compared to the consensus revenue estimate of $195.15 million.
Shares of MKS Instruments Inc. (NASDAQ:MKSI) traded up 0.10% during mid-day trading on Wednesday, hitting $29.11. 277,372 shares of the company’s stock traded hands. MKS Instruments Inc. has a 52-week low of $24.64 and a 52-week high of $31.00. The stock has a 50-day moving average of $29.73 and a 200-day moving average of $28.19. The company has a market cap of $1.549 billion and a price-to-earnings ratio of 78.59.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, January 29th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.06. The company had revenue of $204.00 million for the quarter, compared to the consensus estimate of $191.74 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 52.5% on a year-over-year basis. On average, analysts predict that MKS Instruments Inc. will post $0.82 earnings per share for the current fiscal year.
MKSI has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of MKS Instruments from a hold rating to a buy rating in a research note to investors on Monday, January 20th. On a related note, analysts at Zacks downgraded shares of MKS Instruments from an outperform rating to a neutral rating in a research note to investors on Thursday, January 9th. They now have a $32.00 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of MKS Instruments in a research note to investors on Tuesday, November 26th. They set a buy rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and an average price target of $31.25.
MKS Instruments, Inc (NASDAQ:MKSI) is a provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze parameters of manufacturing processes.
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