MKS Instruments, Inc. (MKSI) Expected to Post Quarterly Sales of $530.68 Million

Wall Street analysts forecast that MKS Instruments, Inc. (NASDAQ:MKSI) will announce sales of $530.68 million for the current quarter, Zacks reports. Four analysts have issued estimates for MKS Instruments’ earnings. The highest sales estimate is $532.50 million and the lowest is $530.00 million. MKS Instruments reported sales of $437.15 million in the same quarter last year, which would suggest a positive year over year growth rate of 21.4%. The business is scheduled to announce its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that MKS Instruments will report full-year sales of $530.68 million for the current fiscal year, with estimates ranging from $2.10 billion to $2.14 billion. For the next year, analysts forecast that the firm will report sales of $2.27 billion per share, with estimates ranging from $2.23 billion to $2.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover MKS Instruments.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. The business had revenue of $512.00 million for the quarter, compared to analyst estimates of $500.22 million. During the same period in the previous year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year.

MKSI has been the topic of several recent research reports. Deutsche Bank boosted their price objective on shares of MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. 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. Dougherty & Co boosted their price objective on shares of MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, ValuEngine lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $116.60.

In related news, Director Elizabeth Mora sold 300 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $94.10, for a total value of $28,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerard G. Colella sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $95.26, for a total transaction of $476,300.00. Following the completion of the transaction, the chief executive officer now directly owns 5,025 shares of the company’s stock, valued at approximately $478,681.50. The disclosure for this sale can be found here. Insiders sold a total of 33,252 shares of company stock valued at $3,289,287 in the last three months. 1.65% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in MKSI. California Public Employees Retirement System raised its stake in MKS Instruments by 1.6% in the 2nd quarter. California Public Employees Retirement System now owns 81,000 shares of the scientific and technical instruments company’s stock valued at $5,451,000 after purchasing an additional 1,300 shares during the last quarter. Balyasny Asset Management LLC acquired a new position in MKS Instruments in the 2nd quarter valued at about $305,000. State Street Corp increased its stake 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 valued at $90,865,000 after acquiring an additional 63,140 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of MKS Instruments during the 2nd quarter valued at about $414,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of MKS Instruments by 2.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,733 shares of the scientific and technical instruments company’s stock valued at $319,000 after acquiring an additional 135 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Shares of MKS Instruments (MKSI) opened at $99.90 on Friday. MKS Instruments has a 1 year low of $64.45 and a 1 year high of $110.60. The company has a quick ratio of 3.06, a current ratio of 4.21 and a debt-to-equity ratio of 0.25. The company has a market cap of $5,269.29, a PE ratio of 16.22, a P/E/G ratio of 0.96 and a beta of 1.04.

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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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