Analysts Anticipate MKS Instruments, Inc. (MKSI) Will Announce Earnings of $1.41 Per Share
Analysts expect that MKS Instruments, Inc. (NASDAQ:MKSI) will report earnings of $1.41 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for MKS Instruments’ earnings. The lowest EPS estimate is $1.35 and the highest is $1.49. MKS Instruments posted earnings of $0.72 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 95.8%. The company is expected to issue its next earnings report after the market closes on Tuesday, July 25th.
On average, analysts expect that MKS Instruments will report full-year earnings of $4.98 per share for the current year, with EPS estimates ranging from $4.75 to $5.22. For the next fiscal year, analysts anticipate that the business will post earnings of $5.40 per share, with EPS estimates ranging from $5.25 to $5.58. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover MKS Instruments.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.19. The firm had revenue of $437.20 million during the quarter, compared to analyst estimates of $413.26 million. MKS Instruments had a net margin of 9.83% and a return on equity of 17.29%. The business’s revenue was up 138.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share.
A number of equities analysts have recently weighed in on the company. ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Dougherty & Co restated a “buy” rating and set a $100.00 target price (up from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. Stifel Nicolaus restated a “buy” rating and set a $81.00 target price (up from $71.00) on shares of MKS Instruments in a report on Friday, April 28th. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 18th. Finally, Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Friday, April 21st. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $80.60.
In other news, Director Richard S. Chute sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $80.00, for a total transaction of $240,000.00. Following the sale, the director now owns 11,604 shares of the company’s stock, valued at approximately $928,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerard G. Colella sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $79.30, for a total value of $198,250.00. Following the sale, the chief executive officer now directly owns 5,025 shares in the company, valued at approximately $398,482.50. The disclosure for this sale can be found here. Insiders sold a total of 31,810 shares of company stock worth $2,520,987 in the last ninety days. 1.65% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of MKSI. FMR LLC raised its stake in shares of MKS Instruments by 54.8% in the fourth quarter. FMR LLC now owns 21,893 shares of the scientific and technical instruments company’s stock valued at $1,300,000 after buying an additional 7,750 shares during the period. AQR Capital Management LLC raised its stake in shares of MKS Instruments by 1.6% in the fourth quarter. AQR Capital Management LLC now owns 60,977 shares of the scientific and technical instruments company’s stock valued at $3,622,000 after buying an additional 960 shares during the period. Norges Bank acquired a new stake in shares of MKS Instruments during the fourth quarter valued at $34,766,000. USA Financial Portformulas Corp raised its stake in shares of MKS Instruments by 32.8% in the fourth quarter. USA Financial Portformulas Corp now owns 9,182 shares of the scientific and technical instruments company’s stock valued at $545,000 after buying an additional 2,269 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of MKS Instruments by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 87,991 shares of the scientific and technical instruments company’s stock valued at $5,227,000 after buying an additional 2,236 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of MKS Instruments (NASDAQ MKSI) traded up 1.07% during mid-day trading on Monday, hitting $80.30. 370,274 shares of the stock were exchanged. MKS Instruments has a 12 month low of $44.82 and a 12 month high of $88.40. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 28.73 and a beta of 1.03. The company has a 50-day moving average price of $75.95 and a 200-day moving average price of $71.24.
About MKS Instruments
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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