Zacks: Brokerages Anticipate MKS Instruments, Inc. (NASDAQ:MKSI) Will Announce Earnings of $2.31 Per Share

Brokerages expect MKS Instruments, Inc. (NASDAQ:MKSIGet Rating) to announce earnings of $2.31 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for MKS Instruments’ earnings, with the highest EPS estimate coming in at $2.38 and the lowest estimate coming in at $2.28. MKS Instruments reported earnings of $3.02 per share in the same quarter last year, which would indicate a negative year over year growth rate of 23.5%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that MKS Instruments will report full-year earnings of $10.50 per share for the current fiscal year, with EPS estimates ranging from $10.00 to $10.85. For the next year, analysts anticipate that the business will report earnings of $11.77 per share, with EPS estimates ranging from $11.25 to $12.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow MKS Instruments.

MKS Instruments (NASDAQ:MKSIGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The scientific and technical instruments company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.12. The business had revenue of $742.00 million for the quarter, compared to analysts’ expectations of $753.56 million. MKS Instruments had a net margin of 19.08% and a return on equity of 22.81%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $2.56 earnings per share.

A number of analysts have weighed in on MKSI shares. Zacks Investment Research upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating and set a $126.00 target price on the stock in a research report on Monday, April 25th. StockNews.com lowered shares of MKS Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Citigroup cut their target price on shares of MKS Instruments from $170.00 to $140.00 in a research report on Thursday, April 28th. Stifel Nicolaus raised their target price on shares of MKS Instruments from $256.00 to $260.00 in a research report on Thursday, April 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of MKS Instruments from $170.00 to $150.00 in a report on Thursday, April 28th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $178.56.

Shares of MKS Instruments stock opened at $125.46 on Friday. MKS Instruments has a fifty-two week low of $110.26 and a fifty-two week high of $186.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.18 and a quick ratio of 3.72. The firm has a market capitalization of $6.98 billion, a P/E ratio of 12.22 and a beta of 1.53. The company’s 50 day moving average price is $123.66 and its two-hundred day moving average price is $146.28.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Monday, May 30th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, May 26th. MKS Instruments’s dividend payout ratio is presently 8.57%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tudor Investment Corp Et Al increased its stake in MKS Instruments by 30.7% in the third quarter. Tudor Investment Corp Et Al now owns 34,111 shares of the scientific and technical instruments company’s stock valued at $5,148,000 after purchasing an additional 8,016 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of MKS Instruments by 10.6% during the fourth quarter. Nuveen Asset Management LLC now owns 397,393 shares of the scientific and technical instruments company’s stock worth $69,214,000 after acquiring an additional 38,223 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of MKS Instruments by 90.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 49,181 shares of the scientific and technical instruments company’s stock worth $8,566,000 after acquiring an additional 23,344 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MKS Instruments by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 510,671 shares of the scientific and technical instruments company’s stock worth $88,944,000 after acquiring an additional 13,585 shares in the last quarter. Finally, Hudson Value Partners LLC bought a new stake in shares of MKS Instruments during the fourth quarter worth about $1,616,000. 96.42% of the stock is owned by institutional investors and hedge funds.

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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