MKS Instruments, Inc. (NASDAQ:MKSI) Expected to Earn Q1 2023 Earnings of $0.24 Per Share

MKS Instruments, Inc. (NASDAQ:MKSI – Get Rating) – Investment analysts at Zacks Research cut their Q1 2023 earnings per share (EPS) estimates for MKS Instruments in a research note issued on Monday, March 13th. Zacks Research analyst A. Ganguly now expects that the scientific and technical instruments company will earn $0.24 per share for the quarter, down from their previous forecast of $1.13. The consensus estimate for MKS Instruments’ current full-year earnings is $3.97 per share. Zacks Research also issued estimates for MKS Instruments’ FY2023 earnings at $3.51 EPS and Q1 2024 earnings at $1.13 EPS.

MKS Instruments (NASDAQ:MKSI – Get Rating) last issued its quarterly earnings results on Monday, February 27th. The scientific and technical instruments company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.31 by $0.69. MKS Instruments had a net margin of 9.39% and a return on equity of 16.12%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $994.01 million. During the same period in the previous year, the business earned $3.02 earnings per share. MKS Instruments’s revenue for the quarter was up 42.0% compared to the same quarter last year.

MKSI has been the topic of several other research reports. Needham & Company LLC restated a “buy” rating and issued a $115.00 price target (up previously from $110.00) on shares of MKS Instruments in a research report on Tuesday, February 28th. DA Davidson reaffirmed a “buy” rating on shares of MKS Instruments in a research report on Tuesday, January 3rd. Citigroup lifted their price target on MKS Instruments from $100.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Wells Fargo & Company upped their price objective on shares of MKS Instruments from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 1st. Finally, Cowen lifted their target price on shares of MKS Instruments from $85.00 to $100.00 in a research report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.73.

MKS Instruments Stock Up 4.1 %

NASDAQ MKSI opened at $90.66 on Thursday. MKS Instruments has a 12 month low of $64.77 and a 12 month high of $163.89. The company has a market capitalization of $6.03 billion, a P/E ratio of 15.69 and a beta of 1.56. The company’s 50 day simple moving average is $98.05 and its 200 day simple moving average is $88.69. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.93 and a quick ratio of 1.91.

MKS Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, February 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 15.20%.

Institutional Trading of MKS Instruments

Institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC raised its stake in shares of MKS Instruments by 3.0% during the 4th quarter. Voya Investment Management LLC now owns 24,587 shares of the scientific and technical instruments company’s stock worth $2,083,000 after purchasing an additional 726 shares in the last quarter. Natixis acquired a new stake in MKS Instruments in the fourth quarter valued at approximately $5,372,000. Equitable Trust Co. bought a new stake in MKS Instruments in the fourth quarter worth approximately $423,000. Public Employees Retirement System of Ohio increased its stake in shares of MKS Instruments by 2.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 29,371 shares of the scientific and technical instruments company’s stock worth $2,489,000 after purchasing an additional 615 shares during the last quarter. Finally, CI Private Wealth LLC bought a new position in shares of MKS Instruments during the 4th quarter valued at $204,000. Institutional investors and hedge funds own 86.77% of the company’s stock.

About MKS Instruments

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MKS Instruments, Inc provides instruments, systems, subsystems and process control solutions to measure, control, power, monitor, and analyze parameters of manufacturing processes to improve process performance and productivity for its customers. It operates through the following segments: Vacuum & Analysis, Light & Motion and Equipment & Solutions.