MKS Instruments, Inc. (MKSI) Expected to Post Quarterly Sales of $492.18 Million

Wall Street analysts expect MKS Instruments, Inc. (NASDAQ:MKSI) to announce sales of $492.18 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for MKS Instruments’ earnings. The lowest sales estimate is $490.00 million and the highest is $495.00 million. MKS Instruments posted sales of $486.27 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The business is scheduled to issue its next earnings results after the market closes on Tuesday, October 23rd.

On average, analysts expect that MKS Instruments will report full-year sales of $2.14 billion for the current year, with estimates ranging from $2.12 billion to $2.17 billion. For the next year, analysts anticipate that the company will post sales of $2.33 billion, with estimates ranging from $2.20 billion to $2.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for MKS Instruments.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, July 24th. The scientific and technical instruments company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.11. MKS Instruments had a return on equity of 25.69% and a net margin of 17.95%. The firm had revenue of $573.14 million during the quarter, compared to analyst estimates of $567.99 million. During the same period in the prior year, the company posted $1.41 earnings per share. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year.

Several research firms have issued reports on MKSI. BidaskClub lowered MKS Instruments from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research lowered MKS Instruments from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Citigroup lowered their target price on MKS Instruments from $118.00 to $101.00 and set a “buy” rating for the company in a research note on Tuesday, September 25th. ValuEngine lowered MKS Instruments from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 12th. Finally, KeyCorp restated a “buy” rating and issued a $135.00 target price on shares of MKS Instruments in a research note on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $127.75.

In other news, Director Elizabeth Mora sold 375 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $92.50, for a total value of $34,687.50. Following the completion of the sale, the director now directly owns 15,787 shares in the company, valued at $1,460,297.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter Hanley sold 1,240 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $94.39, for a total value of $117,043.60. Following the completion of the sale, the director now owns 1,501 shares of the company’s stock, valued at $141,679.39. The disclosure for this sale can be found here. Company insiders own 1.67% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MKSI. Itau Unibanco Holding S.A. bought a new position in MKS Instruments during the second quarter worth about $155,000. Cerebellum GP LLC boosted its holdings in MKS Instruments by 239.6% during the second quarter. Cerebellum GP LLC now owns 1,854 shares of the scientific and technical instruments company’s stock worth $177,000 after buying an additional 1,308 shares during the last quarter. Visionary Asset Management Inc. bought a new position in MKS Instruments during the second quarter worth about $209,000. Creative Planning boosted its holdings in MKS Instruments by 34.8% during the second quarter. Creative Planning now owns 2,423 shares of the scientific and technical instruments company’s stock worth $232,000 after buying an additional 625 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in MKS Instruments during the second quarter worth about $240,000. Institutional investors and hedge funds own 91.19% of the company’s stock.

MKS Instruments stock traded up $1.58 during mid-day trading on Wednesday, hitting $74.85. 433,945 shares of the company were exchanged, compared to its average volume of 613,233. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.03 and a quick ratio of 3.66. MKS Instruments has a 1-year low of $73.11 and a 1-year high of $128.28. The firm has a market capitalization of $4.39 billion, a P/E ratio of 12.56, a P/E/G ratio of 0.83 and a beta of 0.88.

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

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