MKS Instruments (NASDAQ:MKSI) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

MKS Instruments (NASDAQ:MKSI) announced its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.01, reports. MKS Instruments had a net margin of 15.13% and a return on equity of 20.38%. The business had revenue of $474.11 million for the quarter, compared to analysts’ expectations of $483.27 million. During the same quarter last year, the firm earned $2.33 EPS. The firm’s revenue for the quarter was down 17.3% compared to the same quarter last year. MKS Instruments updated its Q3 guidance to $0.69 to $1.02 EPS.

NASDAQ:MKSI traded down $3.94 on Wednesday, hitting $85.13. The stock had a trading volume of 1,273,700 shares, compared to its average volume of 581,016. The company has a current ratio of 4.59, a quick ratio of 2.98 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.76 billion, a PE ratio of 10.87, a P/E/G ratio of 1.45 and a beta of 1.43. MKS Instruments has a 1 year low of $56.37 and a 1 year high of $103.86. The firm’s fifty day simple moving average is $78.76.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 26th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.94%. MKS Instruments’s dividend payout ratio (DPR) is 10.22%.

In other news, Director Elizabeth Mora sold 400 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $71.93, for a total transaction of $28,772.00. Following the completion of the sale, the director now owns 16,618 shares in the company, valued at approximately $1,195,332.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gerard G. Colella sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $75.82, for a total transaction of $379,100.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,656 shares of company stock valued at $429,852. Company insiders own 1.24% of the company’s stock.

Several equities analysts recently weighed in on MKSI shares. Stifel Nicolaus raised their price target on shares of MKS Instruments from $100.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Cowen reaffirmed an “outperform” rating and issued a $120.00 price target (up previously from $115.00) on shares of MKS Instruments in a research report on Tuesday, April 30th. BidaskClub upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Zacks Investment Research lowered shares of MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 price objective for the company. in a research note on Thursday, July 25th. Finally, Susquehanna Bancshares assumed coverage on shares of MKS Instruments in a research note on Wednesday, May 15th. They issued a “positive” rating and a $123.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. MKS Instruments currently has a consensus rating of “Buy” and an average price target of $112.11.

MKS Instruments Company Profile

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.

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Earnings History for MKS Instruments (NASDAQ:MKSI)

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