Equity research analysts expect MKS Instruments, Inc. (NASDAQ: MKSI) to report earnings per share (EPS) of $ 2.75 for the current quarter, Zacks reports. Two analysts estimated MKS Instruments earnings, with the lower EPS estimate being $ 2.73 and the higher estimate being $ 2.77. MKS Instruments posted earnings per share of $ 1.93 in the same quarter last year, suggesting a positive year-over-year growth rate of 42.5%. The company is expected to report its next results after the market closes on Wednesday, October 27.
On average, analysts predict that MKS Instruments will report annual earnings of $ 11.12 per share for the current fiscal year, with EPS estimates ranging from $ 10.99 to $ 11.30. For next year, analysts predict the company will post earnings of $ 12.10 per share, with EPS estimates ranging from $ 11.44 to $ 12.50. Zacks Investment Research earnings per share averages are an average based on a survey of research analysts who follow MKS Instruments.
MKS Instruments (NASDAQ: MKSI) last reported its quarterly results on Wednesday July 28. The scientific and technical instruments company reported earnings per share (EPS) of $ 3.02 for the quarter, beating analyst consensus estimates of $ 2.93 by $ 0.09. The company posted revenue of $ 749.90 million for the quarter, compared to a consensus estimate of $ 744.84 million. MKS Instruments had a net margin of 17.67% and a return on equity of 22.64%.
MKSI has been the subject of a number of research reports. Needham & Company LLC lowered its price target on MKS Instruments stock from $ 235.00 to $ 215.00 and set a âbuyâ rating on the stock in a report released on Friday, July 30. Benchmark lowered its price target on MKS Instruments stock from $ 235.00 to $ 216.00 and set a “buy” rating on the stock in a report released on Friday, July 30. Zacks Investment Research downgraded MKS Instruments shares from a âstrong buyâ rating to a âholdâ rating and set a target price of $ 186.00 on the stock. in a report on Tuesday, June 29. Deutsche Bank Aktiengesellschaft launched a hedge on MKS Instruments shares in a report released on Tuesday, July 6. They issued a âbuyâ note and a target price of $ 225.00 on the stock. Finally, Citigroup began covering shares of MKS Instruments in a report on Friday, August 20. They issued a “neutral” rating on the action. Two analysts rated the stock with a conservation rating and eight gave the stock a buy rating. According to MarketBeat data, MKS Instruments has an average rating of âBuyâ and a consensus target price of $ 217.20.
NASDAQ MKSI shares traded down $ 0.67 in Friday trading, reaching $ 144.72. 322,509 shares of the company traded hands, compared to its average volume of 426,880. The company has a quick ratio of 3.79, a current ratio of 5.05 and a debt ratio of 0.31. The stock has a market cap of $ 8.03 billion, a PE ratio of 16.89 and a beta of 1.53. The company has a 50-day simple moving average of $ 147.23 and a 200-day simple moving average of $ 165.56. MKS Instruments has a 52 week low of $ 106.00 and a 52 week high of $ 199.44.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10. Shareholders of record on Monday, August 30, received a dividend of $ 0.22 per share. This represents an annualized dividend of $ 0.88 and a return of 0.61%. The ex-dividend date of this dividend was Friday, August 27. MKS Instruments’ payout ratio is 11.84%.
A number of hedge funds and other institutional investors have recently bought and sold shares in the company. Pendal Group Limited purchased a new equity stake in MKS Instruments during the first quarter valued at $ 117,961,000. Millennium Management LLC increased its equity stake in MKS Instruments by 2,959.3% in the first quarter. Millennium Management LLC now owns 469,688 shares of the S&T company valued at $ 87,090,000 after acquiring an additional 454,335 shares during the last quarter. Vanguard Group Inc. increased its holdings of MKS Instruments shares by 4.8% in the second quarter. Vanguard Group Inc. now owns 5,672,810 shares of the scientific and technical instruments company valued at $ 1,009,478,000 after acquiring an additional 261,959 shares in the last quarter. Amundi purchased a new stake in MKS Instruments shares in the second quarter valued at approximately $ 45,228,000. Finally, Ameriprise Financial Inc. increased its holdings of MKS Instruments shares by 89.9% in the first quarter. Ameriprise Financial Inc. now owns 471,543 shares of the scientific and technical instruments company valued at $ 87,435,000 after acquiring an additional 223,220 shares in the last quarter. 93.09% of the shares are held by institutional investors.
MKS Instruments Company Profile
MKS Instruments, Inc provides instruments, systems, subsystems, and process control solutions to measure, control, power, monitor and analyze manufacturing process parameters to improve process performance and productivity for his clients. It operates through the following segments: vacuum and analysis, light and movement, and equipment and solutions.
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