Brokerages forecast that MKS Instruments, Inc. (NASDAQ:MKSI) will post sales of $570.45 million for the current quarter, Zacks reports. Four analysts have issued estimates for MKS Instruments’ earnings, with estimates ranging from $570.00 million to $570.90 million. MKS Instruments reported sales of $480.76 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.7%. The business is scheduled to report its next quarterly earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that MKS Instruments will report full-year sales of $2.18 billion for the current year, with estimates ranging from $2.16 billion to $2.21 billion. For the next financial year, analysts expect that the company will report sales of $2.37 billion per share, with estimates ranging from $2.25 billion to $2.52 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for MKS Instruments.
Get MKS Instruments alerts:MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Tuesday, April 24th. The scientific and technical instruments company reported $2.07 EPS for the quarter, topping the consensus estimate of $2.00 by $0.07. The company had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $530.68 million. MKS Instruments had a return on equity of 23.94% and a net margin of 18.65%. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 earnings per share.
MKSI has been the topic of several research analyst reports. Stifel Nicolaus increased their target price on MKS Instruments from $147.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, June 18th. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. Benchmark started coverage on MKS Instruments in a report on Thursday, May 31st. They set a “buy” rating and a $140.00 target price on the stock. Deutsche Bank raised their price target on MKS Instruments to $140.00 and gave the company a “buy” rating in a report on Thursday, March 22nd. Finally, Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Friday, April 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $130.29.
In other MKS Instruments news, CEO Gerard G. Colella sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $101.92, for a total transaction of $1,019,200.00. Following the transaction, the chief executive officer now owns 42,294 shares in the company, valued at $4,310,604.48. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jacqueline F. Moloney sold 750 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $100.20, for a total value of $75,150.00. Following the transaction, the director now owns 6,570 shares in the company, valued at approximately $658,314. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,512 shares of company stock worth $1,739,002. 1.67% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Mount Yale Investment Advisors LLC bought a new position in MKS Instruments during the first quarter worth about $590,000. Dynamic Technology Lab Private Ltd bought a new position in MKS Instruments during the first quarter worth about $660,000. Suntrust Banks Inc. boosted its holdings in MKS Instruments by 58.3% during the first quarter. Suntrust Banks Inc. now owns 3,446 shares of the scientific and technical instruments company’s stock worth $398,000 after buying an additional 1,269 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in MKS Instruments by 26.4% during the first quarter. Principal Financial Group Inc. now owns 897,572 shares of the scientific and technical instruments company’s stock worth $103,804,000 after buying an additional 187,491 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in MKS Instruments during the first quarter worth about $890,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Shares of MKSI stock opened at $95.70 on Thursday. The company has a current ratio of 4.49, a quick ratio of 3.24 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.23 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.17 and a beta of 0.96. MKS Instruments has a 52 week low of $66.80 and a 52 week high of $128.28.
The company also recently declared a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Monday, May 28th were issued a $0.20 dividend. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, May 24th. This represents a $0.80 annualized dividend and a yield of 0.84%. MKS Instruments’s dividend payout ratio (DPR) is currently 13.42%.
MKS Instruments Company Profile
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.
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