Wall Street brokerages forecast that MKS Instruments, Inc. (NASDAQ:MKSI) will post earnings of $1.66 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for MKS Instruments’ earnings, with the lowest EPS estimate coming in at $1.62 and the highest estimate coming in at $1.75. MKS Instruments reported earnings of $1.05 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 58.1%. The firm is expected to report its next earnings results on Thursday, February 1st.
On average, analysts expect that MKS Instruments will report full-year earnings of $5.81 per share for the current year, with EPS estimates ranging from $5.32 to $6.00. For the next year, analysts anticipate that the company will post earnings of $6.43 per share, with EPS estimates ranging from $5.98 to $6.80. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover MKS Instruments.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.10. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The firm had revenue of $486.27 million for the quarter, compared to analyst estimates of $476.24 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The business’s revenue was up 27.7% on a year-over-year basis.
Several brokerages have recently commented on MKSI. Deutsche Bank AG raised 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. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $98.00 target price (up from $90.00) on shares of MKS Instruments in a report on Thursday, July 27th. Dougherty & Co increased their target price on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. Finally, KeyCorp reiterated an “outperform” rating and issued a $100.00 target price on shares of MKS Instruments in a report on Saturday, September 16th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $109.75.
In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 21,615 shares in the company, valued at approximately $1,854,567. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $79.30, for a total value of $158,600.00. Following the transaction, the vice president now owns 15,785 shares in the company, valued at $1,251,750.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,100 shares of company stock worth $851,885. 1.65% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in MKS Instruments by 50,850.9% during the 1st quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock valued at $452,712,000 after acquiring an additional 6,571,973 shares in the last quarter. Vanguard Group Inc. lifted its stake in 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 valued at $327,924,000 after acquiring an additional 163,192 shares in the last quarter. State Street Corp lifted its stake in 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 in the last quarter. Northern Trust Corp lifted its stake in MKS Instruments by 4.6% during 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 acquiring an additional 32,701 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in MKS Instruments by 4.6% during the 1st quarter. Geode Capital Management LLC now owns 566,371 shares of the scientific and technical instruments company’s stock valued at $38,938,000 after acquiring an additional 24,851 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.
Shares of MKS Instruments (MKSI) traded down 1.22% during mid-day trading on Wednesday, hitting $105.55. 732,087 shares of the stock were exchanged. The stock has a market capitalization of $5.73 billion, a P/E ratio of 21.93 and a beta of 1.13. The stock’s 50 day moving average price is $95.23 and its 200-day moving average price is $82.65. MKS Instruments has a 12-month low of $48.05 and a 12-month high of $107.05.
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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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