Zacks: Analysts Expect MKS Instruments, Inc. (MKSI) Will Announce Earnings of $1.45 Per Share
Analysts expect MKS Instruments, Inc. (NASDAQ:MKSI) to announce earnings per share of $1.45 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for MKS Instruments’ earnings. The highest EPS estimate is $1.50 and the lowest is $1.39. MKS Instruments posted earnings per share of $0.88 in the same quarter last year, which would suggest a positive year-over-year growth rate of 64.8%. The business is expected to issue its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that MKS Instruments will report full-year earnings of $5.44 per share for the current year, with EPS estimates ranging from $5.15 to $5.67. For the next year, analysts forecast that the business will post earnings of $5.91 per share, with EPS estimates ranging from $5.75 to $6.15. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow MKS Instruments.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. The company had revenue of $481.00 million during the quarter, compared to analyst estimates of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. MKS Instruments’s quarterly revenue was up 47.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share.
A number of equities research analysts have commented on MKSI shares. BidaskClub downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Deutsche Bank AG started coverage on shares of MKS Instruments in a research report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price for the company. KeyCorp reaffirmed an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a research report on Saturday, September 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 target price (up previously from $90.00) on shares of MKS Instruments in a research report on Thursday, July 27th. Six equities research 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 $88.20.
MKS Instruments (NASDAQ:MKSI) traded up 0.26% during trading on Friday, hitting $95.40. The stock had a trading volume of 338,174 shares. The stock’s 50-day moving average price is $86.31 and its 200-day moving average price is $78.47. MKS Instruments has a 1-year low of $46.51 and a 1-year high of $96.65. The company has a market capitalization of $5.18 billion, a P/E ratio of 19.82 and a beta of 1.13.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 28th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 14.58%.
In other news, CFO Seth H. Bagshaw sold 7,500 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total transaction of $643,500.00. Following the completion of the sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Peter Hanley sold 1,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $83.22, for a total transaction of $83,220.00. Following the sale, the director now directly owns 3,372 shares of the company’s stock, valued at approximately $280,617.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,100 shares of company stock valued at $935,105. 1.65% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC grew its position in shares of MKS Instruments by 0.5% during the 2nd quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after acquiring an additional 19 shares during the period. Teacher Retirement System of Texas grew its position in shares of MKS Instruments by 0.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,273 shares of the scientific and technical instruments company’s stock valued at $288,000 after acquiring an additional 21 shares during the period. Miles Capital Inc. grew its position in shares of MKS Instruments by 1.8% during the 1st quarter. Miles Capital Inc. now owns 3,592 shares of the scientific and technical instruments company’s stock valued at $247,000 after acquiring an additional 62 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of MKS Instruments by 0.6% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 12,210 shares of the scientific and technical instruments company’s stock valued at $839,000 after acquiring an additional 70 shares during the period. Finally, World Asset Management Inc grew its position in shares of MKS Instruments by 2.8% during the 2nd quarter. World Asset Management Inc now owns 3,538 shares of the scientific and technical instruments company’s stock valued at $238,000 after acquiring an additional 95 shares during the period. 95.38% of the stock is owned by hedge funds and other institutional investors.
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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