$749.95 Million in Sales Expected for MKS Instruments, Inc. (NASDAQ:MKSI) This Quarter

Equities analysts expect MKS Instruments, Inc. (NASDAQ:MKSIGet Rating) to announce sales of $749.95 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for MKS Instruments’ earnings, with the lowest sales estimate coming in at $749.80 million and the highest estimate coming in at $750.10 million. MKS Instruments reported sales of $693.90 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.1%. The business is scheduled to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that MKS Instruments will report full year sales of $3.16 billion for the current financial year. For the next year, analysts anticipate that the company will post sales of $3.40 billion, with estimates ranging from $3.37 billion to $3.43 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow MKS Instruments.

MKS Instruments (NASDAQ:MKSIGet Rating) last posted its quarterly earnings data on Wednesday, January 26th. The scientific and technical instruments company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.16. MKS Instruments had a return on equity of 23.69% and a net margin of 18.69%. The business had revenue of $763.90 million for the quarter, compared to analysts’ expectations of $760.33 million. During the same quarter last year, the firm earned $2.34 earnings per share.

MKSI has been the subject of several recent analyst reports. KeyCorp initiated coverage on MKS Instruments in a research note on Tuesday, January 25th. They set a “sector weight” rating for the company. StockNews.com started coverage on MKS Instruments in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Rosenblatt Securities cut their price target on MKS Instruments from $225.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, January 28th. Loop Capital initiated coverage on MKS Instruments in a report on Tuesday, February 22nd. They set a “buy” rating and a $200.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on MKS Instruments from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, April 13th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $192.90.

In related news, Director Elizabeth Mora sold 300 shares of the stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $149.99, for a total value of $44,997.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Arizona State Retirement System grew its stake in shares of MKS Instruments by 0.5% during the third quarter. Arizona State Retirement System now owns 15,079 shares of the scientific and technical instruments company’s stock valued at $2,276,000 after purchasing an additional 68 shares during the last quarter. Raymond James Trust N.A. raised its holdings in MKS Instruments by 5.1% in the fourth quarter. Raymond James Trust N.A. now owns 1,423 shares of the scientific and technical instruments company’s stock worth $248,000 after purchasing an additional 69 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in MKS Instruments by 3.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,105 shares of the scientific and technical instruments company’s stock worth $318,000 after purchasing an additional 70 shares during the period. Hancock Whitney Corp raised its holdings in MKS Instruments by 0.3% in the fourth quarter. Hancock Whitney Corp now owns 23,983 shares of the scientific and technical instruments company’s stock worth $4,177,000 after purchasing an additional 73 shares during the period. Finally, Renaissance Group LLC raised its holdings in MKS Instruments by 1.4% in the third quarter. Renaissance Group LLC now owns 5,647 shares of the scientific and technical instruments company’s stock worth $852,000 after purchasing an additional 76 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:MKSI opened at $119.58 on Friday. The business’s 50-day moving average is $141.55 and its two-hundred day moving average is $152.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.66 and a quick ratio of 3.41. MKS Instruments has a 12 month low of $113.12 and a 12 month high of $195.34. The firm has a market capitalization of $6.64 billion, a PE ratio of 12.08 and a beta of 1.45.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 11th. Stockholders of record on Monday, February 28th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, February 25th. MKS Instruments’s dividend payout ratio is currently 8.89%.

About MKS Instruments (Get Rating)

MKS Instruments, Inc provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power solutions products, such as microwave, power delivery systems, radio frequency matching networks, and metrology products used in providing energy to etching, stripping, and deposition processes; and plasma and reactive gas products.

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