MKS Instruments (NASDAQ:MKSI) Issues Quarterly Earnings Results, Beats Estimates By $0.27 EPS

MKS Instruments (NASDAQ:MKSI - Get Free Report) released its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.45 by $0.27, Briefing.com reports. The company had revenue of $896.00 million during the quarter, compared to the consensus estimate of $874.29 million. MKS Instruments had a return on equity of 15.82% and a net margin of 0.90%. MKS Instruments's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the company earned $1.46 EPS. MKS Instruments updated its Q4 guidance to $1.63-2.27 EPS and its Q4 2024 guidance to 1.630-2.270 EPS.

MKS Instruments Trading Up 0.6 %

NASDAQ:MKSI traded up $0.65 during mid-day trading on Friday, hitting $116.29. 796,253 shares of the stock traded hands, compared to its average volume of 869,968. The company has a quick ratio of 2.31, a current ratio of 3.58 and a debt-to-equity ratio of 2.16. MKS Instruments has a 52 week low of $67.57 and a 52 week high of $147.40. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 258.42, a PEG ratio of 0.72 and a beta of 1.63. The firm's 50 day moving average is $106.63 and its two-hundred day moving average is $119.05.

MKS Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, November 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. MKS Instruments's dividend payout ratio is presently 195.56%.

Insiders Place Their Bets

In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total value of $27,225.00. Following the transaction, the director now owns 10,283 shares of the company's stock, valued at $1,119,818.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other MKS Instruments news, EVP John Edward Williams sold 1,800 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $118.71, for a total value of $213,678.00. Following the completion of the sale, the executive vice president now directly owns 13 shares in the company, valued at approximately $1,543.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total value of $27,225.00. Following the transaction, the director now directly owns 10,283 shares in the company, valued at $1,119,818.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,325 shares of company stock valued at $272,795 over the last 90 days. Insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Mizuho upgraded shares of MKS Instruments to a "strong-buy" rating in a research report on Monday, October 7th. Wells Fargo & Company lowered their price objective on MKS Instruments from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on MKS Instruments from $140.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, August 9th. Morgan Stanley began coverage on shares of MKS Instruments in a report on Monday, August 5th. They set an "overweight" rating and a $155.00 price objective for the company. Finally, Cantor Fitzgerald assumed coverage on shares of MKS Instruments in a report on Tuesday, September 10th. They issued an "overweight" rating and a $140.00 target price on the stock. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MKS Instruments presently has an average rating of "Moderate Buy" and a consensus target price of $141.09.

MKS Instruments Company Profile

MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, South Korea, and internationally. It operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments.