Wall Street brokerages expect MKS Instruments, Inc. (NASDAQ:MKSI) to announce earnings per share (EPS) of $2.22 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for MKS Instruments’ earnings. MKS Instruments reported earnings of $1.41 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.4%. The business is expected to report its next earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that MKS Instruments will report full year earnings of $8.35 per share for the current fiscal year, with EPS estimates ranging from $8.20 to $8.55. For the next financial year, analysts forecast that the firm will post earnings of $9.11 per share, with EPS estimates ranging from $8.70 to $9.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover MKS Instruments.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Tuesday, April 24th. The scientific and technical instruments company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.07. MKS Instruments had a return on equity of 23.94% and a net margin of 18.65%. The company had revenue of $554.00 million for the quarter, compared to the consensus estimate of $530.68 million. During the same period in the previous year, the business earned $1.27 EPS. MKS Instruments’s revenue for the quarter was up 26.7% compared to the same quarter last year.
In other MKS Instruments news, Director Jacqueline F. Moloney sold 750 shares of the business’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $100.20, for a total transaction of $75,150.00. Following the completion of the transaction, the director now owns 6,570 shares in the company, valued at approximately $658,314. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerard G. Colella sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $101.92, for a total value of $1,019,200.00. Following the transaction, the chief executive officer now owns 42,294 shares of the company’s stock, valued at approximately $4,310,604.48. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock valued at $1,739,002 in the last quarter. 1.67% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd bought a new stake in shares of MKS Instruments in the 1st quarter worth $660,000. Suntrust Banks Inc. raised its stake in shares of MKS Instruments by 58.3% in the 1st quarter. Suntrust Banks Inc. now owns 3,446 shares of the scientific and technical instruments company’s stock worth $398,000 after buying an additional 1,269 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of MKS Instruments by 26.4% in the 1st quarter. Principal Financial Group Inc. now owns 897,572 shares of the scientific and technical instruments company’s stock worth $103,804,000 after buying an additional 187,491 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of MKS Instruments in the 1st quarter worth $890,000. Finally, Xact Kapitalforvaltning AB raised its stake in shares of MKS Instruments by 52.9% in the 1st quarter. Xact Kapitalforvaltning AB now owns 7,223 shares of the scientific and technical instruments company’s stock worth $835,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.
Shares of MKS Instruments traded up $2.65, reaching $105.60, during trading on Friday, according to MarketBeat.com. The stock had a trading volume of 768,896 shares, compared to its average volume of 576,482. MKS Instruments has a one year low of $65.90 and a one year high of $128.28. The company has a current ratio of 4.49, a quick ratio of 3.24 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 0.89 and a beta of 0.96.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Monday, May 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 24th. This is a positive change from MKS Instruments’s previous quarterly dividend of $0.18. MKS Instruments’s payout ratio is 13.42%.
MKS Instruments Company Profile
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.
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