Brokerages predict that MKS Instruments, Inc. (NASDAQ:MKSI) will announce $1.73 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for MKS Instruments’ earnings. The lowest EPS estimate is $1.72 and the highest is $1.73. MKS Instruments reported earnings per share of $1.56 in the same quarter last year, which would indicate a positive year over year growth rate of 10.9%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, October 23rd.

On average, analysts expect that MKS Instruments will report full year earnings of $8.01 per share for the current year, with EPS estimates ranging from $7.80 to $8.25. For the next fiscal year, analysts forecast that the business will post earnings of $9.00 per share, with EPS estimates ranging from $8.30 to $10.20. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for MKS Instruments.

MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings data on Tuesday, July 24th. The scientific and technical instruments company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.11. MKS Instruments had a return on equity of 25.69% and a net margin of 17.95%. The firm had revenue of $573.14 million for the quarter, compared to the consensus estimate of $567.99 million. During the same quarter in the prior year, the company posted $1.41 earnings per share. The firm’s revenue was up 19.2% on a year-over-year basis.

A number of equities analysts recently commented on MKSI shares. Stifel Nicolaus increased their price objective on MKS Instruments from $147.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, June 18th. BidaskClub downgraded MKS Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Zacks Investment Research downgraded MKS Instruments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 26th. Citigroup dropped their price objective on MKS Instruments from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, July 13th. Finally, ValuEngine downgraded MKS Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $127.75.

NASDAQ:MKSI traded up $1.58 during mid-day trading on Monday, reaching $74.85. The stock had a trading volume of 433,945 shares, compared to its average volume of 613,233. MKS Instruments has a fifty-two week low of $73.11 and a fifty-two week high of $128.28. The company has a market capitalization of $4.39 billion, a P/E ratio of 12.56, a P/E/G ratio of 0.83 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.66 and a current ratio of 5.03.

In other MKS Instruments news, Director Peter Hanley sold 1,240 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $94.39, for a total transaction of $117,043.60. Following the transaction, the director now owns 1,501 shares in the company, valued at $141,679.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Elizabeth Mora sold 375 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $92.50, for a total value of $34,687.50. Following the transaction, the director now owns 15,787 shares in the company, valued at approximately $1,460,297.50. The disclosure for this sale can be found here. Company insiders own 1.67% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its stake in shares of MKS Instruments by 2,397.4% in the second quarter. Millennium Management LLC now owns 531,926 shares of the scientific and technical instruments company’s stock worth $50,905,000 after acquiring an additional 510,627 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of MKS Instruments by 38.2% in the second quarter. Renaissance Technologies LLC now owns 1,393,902 shares of the scientific and technical instruments company’s stock worth $133,396,000 after acquiring an additional 385,102 shares during the last quarter. Ardevora Asset Management LLP grew its stake in shares of MKS Instruments by 1,084.2% in the second quarter. Ardevora Asset Management LLP now owns 342,712 shares of the scientific and technical instruments company’s stock worth $32,798,000 after acquiring an additional 313,772 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of MKS Instruments by 26.4% in the first quarter. Principal Financial Group Inc. now owns 897,572 shares of the scientific and technical instruments company’s stock worth $103,804,000 after acquiring an additional 187,491 shares during the last quarter. Finally, Paloma Partners Management Co grew its stake in shares of MKS Instruments by 1,269.2% in the second quarter. Paloma Partners Management Co now owns 153,876 shares of the scientific and technical instruments company’s stock worth $14,725,000 after acquiring an additional 142,638 shares during the last quarter. Institutional investors own 91.19% of the company’s stock.

MKS Instruments Company Profile

MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, control, power, deliver, monitor, and analyze critical parameters of manufacturing processes worldwide. The company operates through two segments, Vacuum & Analysis and Light & Motion. The Vacuum & Analysis segment provides analytical and control solutions products, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; and materials delivery solutions products comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with precise control capabilities that are optimized for a given application.

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Earnings History and Estimates for MKS Instruments (NASDAQ:MKSI)

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