MKS Instruments Inc. (MKSI) Releases Q4 Earnings Guidance
MKS Instruments Inc. (NASDAQ:MKSI) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.87-1.10 for the period, compared to the Thomson Reuters consensus estimate of $1.00. The company issued revenue guidance of $370-410 million, compared to the consensus revenue estimate of $395.00 million.
A number of brokerages have recently commented on MKSI. Stifel Nicolaus lifted their target price on shares of MKS Instruments from $54.00 to $64.00 and gave the company a buy rating in a report on Wednesday, November 23rd. Zacks Investment Research cut shares of MKS Instruments from a strong-buy rating to a hold rating in a research note on Tuesday, September 27th. Finally, Citigroup Inc. began coverage on shares of MKS Instruments in a research note on Wednesday, October 12th. They issued a buy rating and a $59.00 price objective on the stock. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. MKS Instruments has a consensus rating of Buy and a consensus price target of $54.40.
MKS Instruments Inc. (NASDAQ:MKSI) opened at 58.25 on Wednesday. The firm has a 50-day moving average of $51.43 and a 200 day moving average of $46.62. The firm has a market capitalization of $3.12 billion, a PE ratio of 37.13 and a beta of 0.98. MKS Instruments Inc. has a 52 week low of $30.67 and a 52 week high of $58.15.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Wednesday, October 26th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ 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 return on equity of 10.58% and a net margin of 7.98%. The business’s revenue was up 81.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. Analysts predict that MKS Instruments Inc. will post $2.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Monday, November 28th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, November 23rd. MKS Instruments’s dividend payout ratio (DPR) is currently 43.04%.
In related news, CEO Gerard G. Colella sold 5,000 shares of the firm’s stock in a transaction 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 directly owns 37,900 shares in the company, valued at $1,785,469. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert R. Anderson sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $56.76, for a total value of $141,900.00. Following the transaction, the director now owns 20,128 shares in the company, valued at $1,142,465.28. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.
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A number of institutional investors have recently made changes to their positions in the company. RiverPoint Capital Management LLC purchased a new position in shares of MKS Instruments during the second quarter valued at about $201,000. Highbridge Capital Management LLC purchased a new position in shares of MKS Instruments during the second quarter valued at about $272,000. Summit Securities Group LLC boosted its position in shares of 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 shares of MKS Instruments during the third quarter valued at about $415,000. Finally, FMR LLC purchased a new position in shares of MKS Instruments during the second quarter valued at about $458,000. Hedge funds and other institutional investors own 99.16% of the company’s stock.
MKS Instruments Company Profile
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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