Analysts expect MKS Instruments, Inc. (NASDAQ:MKSI) to announce sales of $471.78 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for MKS Instruments’ earnings. The lowest sales estimate is $470.00 million and the highest is $476.30 million. MKS Instruments reported sales of $380.66 million during the same quarter last year, which indicates a positive year over year growth rate of 23.9%. The company is scheduled to report its next earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that MKS Instruments will report full-year sales of $471.78 million for the current fiscal year, with estimates ranging from $1.83 billion to $1.85 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.93 billion per share, with estimates ranging from $1.90 billion to $1.96 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow MKS Instruments.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.41. The firm had revenue of $481 million during the quarter, compared to the consensus estimate of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The business’s revenue was up 47.6% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share.
Several analysts have recently commented on MKSI shares. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Deutsche Bank AG started coverage on MKS Instruments in a research note on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price objective for the company. ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $98.00 price objective (up from $90.00) on shares of MKS Instruments in a research note on Thursday, July 27th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $84.00.
MKS Instruments (NASDAQ MKSI) opened at 82.35 on Friday. The firm has a 50-day moving average price of $80.31 and a 200-day moving average price of $74.67. MKS Instruments has a 1-year low of $45.85 and a 1-year high of $88.40. The company has a market capitalization of $4.47 billion, a P/E ratio of 17.11 and a beta of 1.07.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, August 24th. MKS Instruments’s dividend payout ratio is presently 14.58%.
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In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total transaction of $158,600.00. Following the completion of the transaction, the vice president now directly owns 15,785 shares of the company’s stock, valued at $1,251,750.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter Hanley sold 1,000 shares of the stock in a transaction 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 transaction, 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 3,250 shares of company stock valued at $260,058. 1.65% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its position in shares of MKS Instruments by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock valued at $139,000 after buying an additional 863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MKS Instruments by 47.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,201 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 712 shares during the period. Creative Planning raised its position in shares of MKS Instruments by 22.8% in the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 416 shares during the period. Good Life Advisors LLC purchased a new position in shares of MKS Instruments during the second quarter valued at $203,000. Finally, Suntrust Banks Inc. purchased a new position in shares of MKS Instruments during the first quarter valued at $209,000. 95.83% of the stock is owned by institutional investors and hedge funds.
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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