MKS Instruments, Inc. (MKSI) Releases Q4 Earnings Guidance
MKS Instruments, Inc. (NASDAQ:MKSI) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.52-1.76 for the period, compared to the Thomson Reuters consensus estimate of $1.36. The company issued revenue guidance of $480-520 million, compared to the consensus revenue estimate of $465.45 million.
Shares of MKS Instruments, Inc. (NASDAQ:MKSI) traded up 1.62% during trading on Tuesday, reaching $103.55. The company had a trading volume of 727,619 shares. MKS Instruments, Inc. has a 52-week low of $46.51 and a 52-week high of $104.80. The firm has a market capitalization of $5.62 billion, a P/E ratio of 21.51 and a beta of 1.13. The company has a 50 day moving average of $92.49 and a 200-day moving average of $81.27.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.10. The company had revenue of $486.27 million for the quarter, compared to analyst estimates of $476.24 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. MKS Instruments’s revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. Equities analysts expect that MKS Instruments, Inc. will post $5.50 earnings per share for the current year.
MKSI has been the subject of a number of research reports. Stifel Nicolaus reiterated a buy rating on shares of MKS Instruments in a report on Sunday, October 1st. Deutsche Bank AG began coverage on MKS Instruments in a research note on Wednesday, July 5th. They issued a buy rating and a $84.00 price target for the company. KeyCorp restated an outperform rating and issued a $100.00 price target on shares of MKS Instruments in a research note on Saturday, September 16th. Finally, BidaskClub downgraded MKS Instruments from a strong-buy rating to a buy rating in a research note on Saturday, August 5th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. MKS Instruments has an average rating of Buy and a consensus target price of $98.00.
In related news, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments 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 sale, the chief financial officer now directly owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Peter Hanley sold 1,000 shares of MKS Instruments stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $83.22, for a total value of $83,220.00. Following the sale, the director now directly owns 3,372 shares of the company’s stock, valued at $280,617.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,100 shares of company stock valued at $935,105. Insiders own 1.65% of the company’s stock.
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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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