MKS Instruments (MKSI) to Release Earnings on Wednesday

MKS Instruments (NASDAQ:MKSI) is set to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect MKS Instruments to post earnings of $0.75 per share for the quarter. MKS Instruments has set its Q1 guidance at $0.47-$0.97 EPS and its Q1 2024 guidance at 0.470-0.970 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.89 by $0.28. The company had revenue of $893.00 million during the quarter, compared to analyst estimates of $845.25 million. MKS Instruments had a negative net margin of 50.80% and a positive return on equity of 9.95%. The firm’s revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.00 EPS. On average, analysts expect MKS Instruments to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

MKS Instruments Price Performance

Shares of NASDAQ MKSI opened at $118.98 on Wednesday. MKS Instruments has a one year low of $63.44 and a one year high of $135.51. The firm has a market cap of $7.98 billion, a PE ratio of -4.32, a PEG ratio of 3.97 and a beta of 1.67. The firm has a fifty day moving average of $123.66 and a 200 day moving average of $103.14. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.01 and a current ratio of 3.18.

MKS Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 26th were issued 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 23rd. MKS Instruments’s payout ratio is -3.19%.

Insider Activity at MKS Instruments

In related news, Director Jacqueline F. Moloney sold 250 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.89, for a total value of $30,722.50. Following the completion of the sale, the director now owns 9,161 shares of the company’s stock, valued at $1,125,795.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.89, for a total value of $30,722.50. Following the transaction, the director now owns 9,161 shares of the company’s stock, valued at $1,125,795.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Seth H. Bagshaw sold 32,865 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $123.28, for a total transaction of $4,051,597.20. Following the completion of the transaction, the chief financial officer now directly owns 1 shares in the company, valued at approximately $123.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,776 shares of company stock valued at $6,226,307. 0.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC upped their target price on shares of MKS Instruments from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company upped their target price on shares of MKS Instruments from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Benchmark upped their target price on shares of MKS Instruments from $85.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 9th. KeyCorp upped their price objective on shares of MKS Instruments from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Finally, TheStreet raised shares of MKS Instruments from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, MKS Instruments currently has a consensus rating of “Moderate Buy” and an average price target of $128.75.

About MKS Instruments

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.