MKS Instruments Inc. (MKSI) Issues 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.
Several analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of MKS Instruments from $54.00 to $64.00 and gave the stock a buy rating in a research report on Wednesday, November 23rd. Zacks Investment Research raised shares of MKS Instruments from a hold rating to a strong-buy rating and set a $57.00 target price on the stock in a research report on Friday, October 28th. Finally, Citigroup Inc. assumed coverage on shares of MKS Instruments in a research report on Wednesday, October 12th. They set a buy rating and a $59.00 target price on the stock. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $54.40.
Shares of MKS Instruments Inc. (NASDAQ:MKSI) opened at 58.25 on Wednesday. The stock has a 50 day moving average of $51.43 and a 200 day moving average of $46.62. The stock has a market capitalization of $3.12 billion, a P/E ratio of 37.13 and a beta of 0.98. MKS Instruments Inc. has a 12-month low of $30.67 and a 12-month high of $58.15.
MKS Instruments (NASDAQ:MKSI) last issued its earnings results on Wednesday, October 26th. The company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.11. The firm had revenue of $380.66 million for 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 revenue was up 81.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. Equities research analysts anticipate that MKS Instruments Inc. will post $2.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Monday, November 28th will be issued 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%.
In related news, CEO Gerard G. Colella sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $55.86, for a total value of $139,650.00. Following the sale, the chief executive officer now owns 35,400 shares of the company’s stock, valued at $1,977,444. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gerard G. Colella sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $47.11, for a total transaction of $235,550.00. Following the completion of the sale, the chief executive officer now directly owns 37,900 shares in the company, valued at approximately $1,785,469. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
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A number of hedge funds have recently modified their holdings of the stock. Profund Advisors LLC boosted its stake in MKS Instruments by 1.8% in the second quarter. Profund Advisors LLC now owns 12,017 shares of the company’s stock worth $517,000 after buying an additional 209 shares during the last quarter. Arizona State Retirement System boosted its stake in MKS Instruments by 1.5% in the second quarter. Arizona State Retirement System now owns 27,676 shares of the company’s stock worth $1,192,000 after buying an additional 400 shares during the last quarter. US Bancorp DE boosted its stake in MKS Instruments by 2.1% in the second quarter. US Bancorp DE now owns 30,794 shares of the company’s stock worth $1,327,000 after buying an additional 641 shares during the last quarter. Barclays PLC boosted its stake in MKS Instruments by 9.5% in the second quarter. Barclays PLC now owns 14,223 shares of the company’s stock worth $613,000 after buying an additional 1,236 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in MKS Instruments by 5.8% in the second quarter. Thrivent Financial for Lutherans now owns 25,930 shares of the company’s stock worth $1,117,000 after buying an additional 1,430 shares during the last quarter. 99.16% of the stock is currently owned by hedge funds and other institutional investors.
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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