MKS Instruments (NASDAQ:MKSI) Releases Q3 Earnings Guidance

MKS Instruments (NASDAQ:MKSI) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.15-$1.71 for the period, compared to the consensus estimate of $1.34. The company issued revenue guidance of $830-$910 million, compared to the consensus revenue estimate of $893.20 million.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MKSI shares. KeyCorp lifted their price objective on shares of MKS Instruments from $150.00 to $160.00 and gave the company an overweight rating in a research note on Friday, July 12th. TD Cowen boosted their price target on MKS Instruments from $150.00 to $160.00 and gave the stock a buy rating in a report on Wednesday, June 12th. Bank of America initiated coverage on MKS Instruments in a research note on Wednesday, July 10th. They issued a buy rating and a $160.00 price objective on the stock. Benchmark reissued a buy rating and set a $142.00 target price on shares of MKS Instruments in a research note on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft restated a hold rating and issued a $140.00 price target on shares of MKS Instruments in a research note on Thursday, June 20th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, MKS Instruments currently has an average rating of Moderate Buy and an average price target of $148.75.

MKS Instruments Trading Down 2.7 %

NASDAQ MKSI traded down $2.90 during trading hours on Wednesday, reaching $103.52. The company’s stock had a trading volume of 1,475,789 shares, compared to its average volume of 817,072. MKS Instruments has a 52 week low of $63.44 and a 52 week high of $147.40. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.69 and a quick ratio of 2.34. The stock has a market cap of $6.94 billion, a P/E ratio of -4.10, a P/E/G ratio of 1.18 and a beta of 1.65. The firm has a fifty day simple moving average of $129.66 and a 200-day simple moving average of $124.74.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Wednesday, May 8th. The scientific and technical instruments company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.43. The firm had revenue of $868.00 million during the quarter, compared to the consensus estimate of $848.94 million. MKS Instruments had a negative net margin of 48.24% and a positive return on equity of 13.90%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. Equities analysts forecast that MKS Instruments will post 4.98 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, August 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. MKS Instruments’s dividend payout ratio (DPR) is -3.30%.

Insider Buying and Selling

In other news, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $123.46, for a total transaction of $30,865.00. Following the completion of the sale, the director now directly owns 10,533 shares in the company, valued at $1,300,404.18. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $129.41, for a total transaction of $35,587.75. Following the transaction, the director now owns 18,209 shares in the company, valued at $2,356,426.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $123.46, for a total value of $30,865.00. Following the completion of the transaction, the director now owns 10,533 shares in the company, valued at approximately $1,300,404.18. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.

MKS Instruments Company Profile

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.