MKS Instruments (MKSI) Set to Announce Earnings on Wednesday

MKS Instruments (NASDAQ:MKSI - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.42 per share for the quarter. MKS Instruments has set its Q3 guidance at $1.15-$1.71 EPS and its Q3 2024 guidance at 1.150-1.710 EPS.Parties that wish to register for the company's conference call can do so using this link.

MKS Instruments (NASDAQ:MKSI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.02 by $0.51. The business had revenue of $887.00 million for the quarter, compared to the consensus estimate of $866.38 million. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The business's revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 earnings per share. On average, analysts expect MKS Instruments to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

MKS Instruments Price Performance

Shares of NASDAQ:MKSI traded down $3.03 during mid-day trading on Wednesday, reaching $102.32. The stock had a trading volume of 983,039 shares, compared to its average volume of 822,959. The company has a current ratio of 3.58, a quick ratio of 2.31 and a debt-to-equity ratio of 2.16. The company has a market cap of $6.86 billion, a P/E ratio of -3.83, a price-to-earnings-growth ratio of 0.70 and a beta of 1.63. MKS Instruments has a 1 year low of $63.44 and a 1 year high of $147.40. The business's 50 day moving average price is $108.48 and its 200 day moving average price is $119.49.

MKS Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. MKS Instruments's dividend payout ratio is currently -3.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their target price 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. Cantor Fitzgerald assumed coverage on MKS Instruments in a research report on Tuesday, September 10th. They issued an "overweight" rating and a $140.00 target price on the stock. Needham & Company LLC boosted their target price on MKS Instruments from $153.00 to $156.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on MKS Instruments from $140.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, August 9th. Finally, Bank of America began coverage on MKS Instruments in a research note on Wednesday, July 10th. They set a "buy" rating and a $160.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $141.09.

Insider Activity

In other news, Director Jacqueline F. Moloney sold 250 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $123.46, for a total transaction of $30,865.00. Following the transaction, the director now owns 10,533 shares of the company's stock, valued at approximately $1,300,404.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Jacqueline F. Moloney sold 250 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $123.46, for a total transaction of $30,865.00. Following the transaction, the director now owns 10,533 shares of the company's stock, valued at approximately $1,300,404.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Elizabeth Mora sold 275 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total value of $31,891.75. Following the transaction, the director now directly owns 17,934 shares in the company, valued at approximately $2,079,805.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,575 shares of company stock valued at $303,660. 0.46% of the stock is currently owned by insiders.

About MKS Instruments

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.