Brokerages expect MKS Instruments, Inc. (NASDAQ:MKSI) to post sales of $470.36 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for MKS Instruments’ earnings. The highest sales estimate is $471.20 million and the lowest is $469.90 million. MKS Instruments posted sales of $460.54 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that MKS Instruments will report full-year sales of $1.87 billion for the current financial year. For the next financial year, analysts expect that the company will report sales of $2.06 billion, with estimates ranging from $2.01 billion to $2.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for MKS Instruments.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.25. The business had revenue of $462.45 million for the quarter, compared to analyst estimates of $442.90 million. MKS Instruments had a net margin of 9.10% and a return on equity of 13.84%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.88 earnings per share.
In other MKS Instruments news, VP Kathleen Flaherty Burke sold 10,384 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $110.55, for a total value of $1,147,951.20. Following the completion of the sale, the vice president now owns 28,778 shares of the company’s stock, valued at $3,181,407.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Elizabeth Mora sold 400 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $106.92, for a total value of $42,768.00. Following the completion of the sale, the director now directly owns 15,818 shares of the company’s stock, valued at approximately $1,691,260.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,784 shares of company stock worth $3,763,309. 1.24% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in MKSI. Private Capital Group LLC acquired a new stake in MKS Instruments in the second quarter valued at $25,000. Pearl River Capital LLC acquired a new stake in MKS Instruments in the second quarter valued at $52,000. Cerebellum GP LLC acquired a new stake in MKS Instruments in the third quarter valued at $77,000. First Mercantile Trust Co. acquired a new stake in MKS Instruments in the third quarter valued at $117,000. Finally, AlphaOne Investment Services LLC lifted its holdings in MKS Instruments by 279.2% in the second quarter. AlphaOne Investment Services LLC now owns 1,820 shares of the scientific and technical instruments company’s stock valued at $142,000 after acquiring an additional 1,340 shares during the period. 98.43% of the stock is owned by institutional investors.
Shares of MKSI traded up $1.88 during mid-day trading on Wednesday, reaching $106.40. 410,200 shares of the company’s stock were exchanged, compared to its average volume of 523,700. The business’s fifty day simple moving average is $106.36 and its 200-day simple moving average is $87.26. MKS Instruments has a 52-week low of $56.37 and a 52-week high of $115.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.38 and a quick ratio of 2.89. The stock has a market capitalization of $5.70 billion, a PE ratio of 13.59 and a beta of 1.48.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.75%. MKS Instruments’s dividend payout ratio (DPR) is 10.22%.
About MKS Instruments
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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