Equities analysts expect that MKS Instruments, Inc. (NASDAQ:MKSI) will report sales of $541.42 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for MKS Instruments’ earnings, with the lowest sales estimate coming in at $537.19 million and the highest estimate coming in at $546.10 million. MKS Instruments reported sales of $480.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 12.6%. The firm is scheduled to report its next earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that MKS Instruments will report full year sales of $2.12 billion for the current year, with estimates ranging from $2.10 billion to $2.14 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.28 billion per share, with estimates ranging from $2.23 billion to $2.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for MKS Instruments.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Tuesday, April 24th. The scientific and technical instruments company reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.07. MKS Instruments had a return on equity of 22.51% and a net margin of 17.70%. The company had revenue of $554.00 million during the quarter, compared to analyst estimates of $530.68 million. During the same period last year, the company posted $1.27 earnings per share. The firm’s quarterly revenue was up 26.7% compared to the same quarter last year.
A number of brokerages have recently weighed in on MKSI. Deutsche Bank raised their target price on MKS Instruments to $140.00 and gave the company a “buy” rating in a research note on Thursday, March 22nd. BidaskClub upgraded MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Friday, April 6th. KeyCorp restated a “buy” rating on shares of MKS Instruments in a research note on Friday, February 2nd. Finally, ValuEngine upgraded MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $123.00.
Shares of NASDAQ:MKSI traded up $0.60 during midday trading on Friday, reaching $103.55. The company’s stock had a trading volume of 1,042,507 shares, compared to its average volume of 589,751. MKS Instruments has a fifty-two week low of $65.90 and a fifty-two week high of $128.28. The firm has a market cap of $5,775.81, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.01 and a beta of 0.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.10 and a current ratio of 4.27.
In related news, Director Elizabeth Mora sold 300 shares of MKS Instruments stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $111.10, for a total value of $33,330.00. Following the completion of the sale, the director now directly owns 15,554 shares in the company, valued at $1,728,049.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter Hanley sold 430 shares of MKS Instruments stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $123.40, for a total value of $53,062.00. Following the completion of the sale, the director now owns 1,992 shares of the company’s stock, valued at $245,812.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,443 shares of company stock valued at $3,603,392. Corporate insiders own 1.67% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. increased its position in MKS Instruments by 311.2% in the fourth quarter. Meeder Asset Management Inc. now owns 1,065 shares of the scientific and technical instruments company’s stock worth $101,000 after purchasing an additional 806 shares during the period. Advisor Partners LLC acquired a new position in shares of MKS Instruments during the 4th quarter worth about $206,000. Zeke Capital Advisors LLC acquired a new position in shares of MKS Instruments during the 4th quarter worth about $220,000. Csenge Advisory Group acquired a new position in shares of MKS Instruments during the 4th quarter worth about $226,000. Finally, Wright Investors Service Inc. acquired a new position in shares of MKS Instruments during the 4th quarter worth about $243,000. Hedge funds and other institutional investors own 94.00% of the company’s stock.
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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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