MKS Instruments Inc. (MKSI) Issues Q4 Earnings Guidance
MKS Instruments Inc. (NASDAQ:MKSI) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.87-1.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.00. The company issued revenue guidance of $370-410 million, compared to the consensus revenue estimate of $395.00 million.
MKS Instruments Inc. (NASDAQ:MKSI) opened at 58.25 on Wednesday. The company has a market cap of $3.12 billion, a P/E ratio of 37.13 and a beta of 0.98. The company’s 50-day moving average is $51.43 and its 200-day moving average is $46.62. MKS Instruments Inc. has a 12 month low of $30.67 and a 12 month high of $58.15.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.11. The company earned $380.66 million during the quarter, compared to analysts’ expectations of $370.13 million. MKS Instruments had a net margin of 7.98% and a return on equity of 10.58%. The firm’s quarterly revenue was up 81.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. On average, equities research analysts expect that MKS Instruments Inc. will post $2.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 28th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.68 annualized dividend and a yield of 1.17%. MKS Instruments’s dividend payout ratio (DPR) is 43.04%.
Several equities research analysts have issued reports on the stock. Citigroup Inc. assumed coverage on shares of MKS Instruments in a research report on Wednesday, October 12th. They issued a buy rating and a $59.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of MKS Instruments from $54.00 to $64.00 and gave the company a buy rating in a research report on Wednesday, November 23rd. Finally, Zacks Investment Research lowered shares of MKS Instruments from a strong-buy rating to a hold rating in a report on Tuesday, September 27th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. MKS Instruments has a consensus rating of Buy and a consensus target price of $54.40.
In related news, VP Seth H. Bagshaw sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $55.45, for a total transaction of $554,500.00. Following the completion of the transaction, the vice president now owns 19,302 shares in the company, valued at approximately $1,070,295.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gerard G. Colella sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $47.11, for a total transaction of $235,550.00. Following the transaction, the chief executive officer now owns 37,900 shares of the company’s stock, valued at approximately $1,785,469. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. RiverPoint Capital Management LLC purchased a new position in MKS Instruments during the second quarter valued at approximately $201,000. Highbridge Capital Management LLC purchased a new position in MKS Instruments during the second quarter valued at approximately $272,000. Summit Securities Group LLC raised its position in MKS Instruments by 23.1% in the second quarter. Summit Securities Group LLC now owns 8,237 shares of the company’s stock valued at $355,000 after buying an additional 1,546 shares during the period. KCG Holdings Inc. purchased a new position in MKS Instruments during the third quarter valued at approximately $415,000. Finally, FMR LLC purchased a new position in MKS Instruments during the second quarter valued at approximately $458,000. Hedge funds and other institutional investors own 99.16% of the company’s stock.
About MKS Instruments
MKS Instruments, Inc (MKS) is a provider of instruments, subsystems and process control solutions that measures, controls, powers, monitors and analyzes critical parameters of advanced manufacturing processes to improve process performance and productivity. The Company operates through segments, including Advanced Manufacturing Capital Equipment, which includes the development, manufacturing and sales of instruments, control and vacuum products, power and reactive gas products; Global Service, which includes the worldwide servicing of instruments, control and vacuum products, power and reactive gas products and certain other product groups; Asia Region Sales, which includes sales of products that are re-sold from the Advanced Manufacturing Capital Equipment and Other segments into Asia regions, and Other.
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