MKS Instruments, Inc. (NASDAQ:MKSI) Issues Quarterly Earnings Results
MKS Instruments, Inc. (NASDAQ:MKSI) issued its earnings results on Tuesday. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41, Bloomberg Earnings reports. MKS Instruments had a net margin of 9.83% and a return on equity of 17.29%. The business had revenue of $481 million during the quarter, compared to analysts’ expectations of $463.86 million. During the same quarter in the prior year, the business posted $0.72 EPS. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. MKS Instruments updated its Q3 guidance to $1.32-1.56 EPS.
Shares of MKS Instruments (MKSI) traded up 0.75% on Tuesday, hitting $80.90. 673,134 shares of the stock traded hands. MKS Instruments has a 12-month low of $44.82 and a 12-month high of $88.40. The firm has a market cap of $4.38 billion, a P/E ratio of 28.94 and a beta of 1.03. The firm’s 50-day moving average is $75.76 and its 200 day moving average is $71.61.
Several brokerages have recently issued reports on MKSI. BidaskClub upgraded shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 18th. Dougherty & Co restated a “buy” rating and issued a $100.00 target price (up previously from $86.00) on shares of MKS Instruments in a report on Friday, April 28th. ValuEngine upgraded shares of MKS Instruments from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Deutsche Bank AG began coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price for the company. Finally, Zacks Investment Research upgraded shares of 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 assigned a strong buy rating to the company. MKS Instruments has a consensus rating of “Buy” and a consensus target price of $80.60.
In other news, Director Gregory R. Beecher sold 18,400 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $78.58, for a total transaction of $1,445,872.00. Following the completion of the sale, the director now owns 22,615 shares of the company’s stock, valued at $1,777,086.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard S. Chute sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 11,604 shares of the company’s stock, valued at approximately $928,320. The disclosure for this sale can be found here. Insiders have sold 31,810 shares of company stock valued at $2,520,987 in the last three months. Corporate insiders own 1.65% of the company’s stock.
MKS Instruments Company Profile
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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