MKS Instruments, Inc. (MKSI) Posts Earnings Results, Beats Expectations By $0.10 EPS
MKS Instruments, Inc. (NASDAQ:MKSI) posted its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10, RTT News reports. The company had revenue of $486.27 million for the quarter, compared to analyst estimates of $476.24 million. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. The business’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. MKS Instruments updated its Q4 guidance to $1.52-1.76 EPS.
MKS Instruments (NASDAQ MKSI) traded up 1.62% during mid-day trading on Tuesday, hitting $103.55. 727,619 shares of the stock were exchanged. MKS Instruments has a one year low of $46.51 and a one year high of $104.80. The company has a 50-day moving average price of $92.49 and a 200-day moving average price of $81.27. The company has a market cap of $5.62 billion, a P/E ratio of 21.51 and a beta of 1.13.
A number of analysts have recently issued reports on MKSI shares. BidaskClub lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Deutsche Bank AG started coverage on shares of MKS Instruments in a research note on Wednesday, July 5th. They set a “buy” rating and a $84.00 price objective on the stock. KeyCorp reiterated an “outperform” rating and set a $100.00 price objective on shares of MKS Instruments in a research note on Saturday, September 16th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of MKS Instruments in a research note on Sunday, October 1st. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $98.00.
In other news, CFO Seth H. Bagshaw sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total transaction of $643,500.00. Following the completion of the transaction, the chief financial officer now directly owns 21,615 shares in the company, valued at $1,854,567. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter Hanley sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $83.22, for a total value of $83,220.00. Following the sale, the director now owns 3,372 shares in the company, valued at $280,617.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,100 shares of company stock valued at $935,105. 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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