Zacks: Brokerages Anticipate MKS Instruments, Inc. (MKSI) Will Post Earnings of $1.64 Per Share

Wall Street analysts expect that MKS Instruments, Inc. (NASDAQ:MKSI) will announce earnings per share (EPS) of $1.64 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for MKS Instruments’ earnings. The lowest EPS estimate is $1.55 and the highest is $1.75. MKS Instruments reported earnings per share of $1.05 during the same quarter last year, which suggests a positive year-over-year growth rate of 56.2%. The business is expected to report its next quarterly earnings results on Thursday, February 1st.

According to Zacks, analysts expect that MKS Instruments will report full-year earnings of $5.89 per share for the current year, with EPS estimates ranging from $5.82 to $6.00. For the next fiscal year, analysts forecast that the company will report earnings of $6.47 per share, with EPS estimates ranging from $6.15 to $6.80. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover MKS Instruments.

MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data 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 firm had revenue of $486.27 million during the quarter, compared to analyst estimates of $476.24 million. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The company’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share.

A number of analysts recently commented on the company. BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday. ValuEngine lowered MKS Instruments from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a $108.00 price objective (up from $98.00) on shares of MKS Instruments in a research report on Tuesday, October 24th. KeyCorp reiterated an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research report on Saturday, September 16th. Finally, Deutsche Bank lifted their price objective on MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. MKS Instruments currently has a consensus rating of “Buy” and an average price target of $109.75.

In other news, COO John Tseng-Chung Lee sold 2,113 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $104.02, for a total transaction of $219,794.26. Following the completion of the transaction, the chief operating officer now directly owns 1 shares in the company, valued at approximately $104.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $107.90, for a total value of $215,800.00. Following the transaction, the vice president now owns 13,785 shares of the company’s stock, valued at $1,487,401.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,913 shares of company stock valued at $1,104,039 over the last 90 days. Corporate insiders own 1.65% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of MKS Instruments by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,872,574 shares of the scientific and technical instruments company’s stock worth $327,924,000 after buying an additional 163,192 shares during the period. State Street Corp grew its position in shares of MKS Instruments by 4.9% during the 2nd quarter. State Street Corp now owns 1,350,159 shares of the scientific and technical instruments company’s stock worth $90,865,000 after buying an additional 63,140 shares during the period. Allianz Asset Management GmbH grew its position in shares of MKS Instruments by 121.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 869,399 shares of the scientific and technical instruments company’s stock worth $82,115,000 after buying an additional 476,810 shares during the period. Northern Trust Corp grew its position in shares of MKS Instruments by 4.6% in the 2nd quarter. Northern Trust Corp now owns 742,249 shares of the scientific and technical instruments company’s stock valued at $49,954,000 after purchasing an additional 32,701 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of MKS Instruments by 34.6% in the 3rd quarter. Principal Financial Group Inc. now owns 569,835 shares of the scientific and technical instruments company’s stock valued at $53,822,000 after purchasing an additional 146,476 shares during the period. Institutional investors own 95.47% of the company’s stock.

Shares of MKS Instruments (NASDAQ MKSI) traded down $0.85 during mid-day trading on Friday, reaching $93.45. The company had a trading volume of 1,170,000 shares, compared to its average volume of 1,015,539. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.10 and a current ratio of 4.23. The firm has a market capitalization of $5,073.87, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. MKS Instruments has a 1 year low of $53.51 and a 1 year high of $110.60.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 27th will be given a dividend of $0.18 per share. This is a positive change from MKS Instruments’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, November 24th. MKS Instruments’s payout ratio is presently 12.90%.

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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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Earnings History and Estimates for MKS Instruments (NASDAQ:MKSI)

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