Zacks: Brokerages Expect MKS Instruments, Inc. (MKSI) Will Announce Quarterly Sales of $500.28 Million

Wall Street analysts expect MKS Instruments, Inc. (NASDAQ:MKSI) to announce $500.28 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for MKS Instruments’ earnings. The lowest sales estimate is $499.80 million and the highest is $501.30 million. MKS Instruments reported sales of $405.14 million in the same quarter last year, which indicates a positive year-over-year growth rate of 23.5%. The business is expected to announce its next earnings report on Thursday, February 1st.

On average, analysts expect that MKS Instruments will report full year sales of $500.28 million for the current financial year, with estimates ranging from $1.90 billion to $1.91 billion. For the next fiscal year, analysts expect that the company will report sales of $2.06 billion per share, with estimates ranging from $2.02 billion to $2.08 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for MKS Instruments.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.10. The firm had revenue of $486.27 million during the quarter, compared to analysts’ expectations of $476.24 million. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. MKS Instruments’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share.

Several research analysts have issued reports on the company. ValuEngine cut MKS Instruments from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Stifel Nicolaus reiterated a “buy” rating on shares of MKS Instruments in a research report on Sunday, October 1st. KeyCorp reiterated an “outperform” rating and issued a $100.00 price objective on shares of MKS Instruments in a research report on Saturday, September 16th. Finally, Dougherty & Co increased their price objective on MKS Instruments from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $109.75.

In other news, COO John Tseng-Chung Lee sold 2,113 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $104.02, for a total value of $219,794.26. Following the completion of the transaction, the chief operating officer now owns 1 shares in the company, valued at $104.02. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Seth H. Bagshaw sold 7,500 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total value of $643,500.00. Following the completion of the transaction, the chief financial officer now owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,213 shares of company stock valued at $1,132,269. Company insiders own 1.65% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. AXA increased its position in shares of MKS Instruments by 27.8% in the third quarter. AXA now owns 178,600 shares of the scientific and technical instruments company’s stock valued at $16,869,000 after buying an additional 38,900 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of MKS Instruments by 1,262.1% in the third quarter. Public Employees Retirement System of Ohio now owns 30,960 shares of the scientific and technical instruments company’s stock valued at $2,924,000 after buying an additional 28,687 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of MKS Instruments by 37.8% in the third quarter. GSA Capital Partners LLP now owns 40,049 shares of the scientific and technical instruments company’s stock valued at $3,783,000 after buying an additional 10,996 shares in the last quarter. Algert Global LLC purchased a new position in shares of MKS Instruments in the third quarter valued at $3,376,000. Finally, Cetera Advisors LLC purchased a new position in shares of MKS Instruments in the third quarter valued at $313,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

MKS Instruments (MKSI) opened at $89.50 on Tuesday. The stock has a market capitalization of $5,073.83, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.04. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.23 and a quick ratio of 3.10. MKS Instruments has a 52-week low of $55.80 and a 52-week high of $110.60.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Monday, November 27th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18. MKS Instruments’s dividend payout ratio (DPR) is currently 12.90%.

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MKS Instruments Company Profile

MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.

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Earnings History and Estimates for MKS Instruments (NASDAQ:MKSI)

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