MKS Instruments, Inc. Expected to Earn Q2 2024 Earnings of $1.06 Per Share (NASDAQ:MKSI)

MKS Instruments, Inc. (NASDAQ:MKSIFree Report) – Investment analysts at Zacks Research increased their Q2 2024 earnings per share estimates for MKS Instruments in a report released on Wednesday, February 28th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will earn $1.06 per share for the quarter, up from their previous estimate of $1.04. The consensus estimate for MKS Instruments’ current full-year earnings is $4.75 per share. Zacks Research also issued estimates for MKS Instruments’ Q3 2024 earnings at $1.33 EPS, Q4 2024 earnings at $1.42 EPS, Q2 2025 earnings at $1.54 EPS, Q4 2025 earnings at $1.78 EPS and FY2025 earnings at $6.63 EPS.

Several other equities research analysts have also recently weighed in on the company. StockNews.com raised MKS Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Benchmark raised their target price on MKS Instruments from $85.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. KeyCorp raised their target price on MKS Instruments from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Needham & Company LLC raised their target price on MKS Instruments from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, TheStreet raised MKS Instruments from a “d+” rating to a “c-” rating in a research note on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, MKS Instruments has a consensus rating of “Moderate Buy” and a consensus target price of $120.00.

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MKS Instruments Trading Up 3.1 %

Shares of MKSI stock opened at $126.53 on Friday. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of -4.59, a PEG ratio of 3.85 and a beta of 1.67. The stock has a 50-day moving average of $110.66 and a 200-day moving average of $93.32. The company has a current ratio of 3.18, a quick ratio of 1.92 and a debt-to-equity ratio of 1.90. MKS Instruments has a 1-year low of $63.44 and a 1-year high of $128.06.

MKS Instruments (NASDAQ:MKSIGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.28. The company had revenue of $893.00 million during the quarter, compared to analysts’ expectations of $845.25 million. MKS Instruments had a positive return on equity of 9.95% and a negative net margin of 50.80%. The business’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 earnings per share.

MKS Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Monday, February 26th will be issued a $0.22 dividend. The ex-dividend date is Friday, February 23rd. This represents a $0.88 annualized dividend and a yield of 0.70%. MKS Instruments’s payout ratio is currently -3.19%.

Insiders Place Their Bets

In other MKS Instruments news, Director Elizabeth Mora sold 250 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $100.90, for a total value of $25,225.00. Following the transaction, the director now owns 17,112 shares in the company, valued at $1,726,600.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other MKS Instruments news, Director Elizabeth Mora sold 250 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $100.90, for a total value of $25,225.00. Following the transaction, the director now owns 17,112 shares in the company, valued at $1,726,600.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerard G. Colella sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $110.00, for a total value of $1,100,000.00. Following the completion of the transaction, the director now owns 78,017 shares in the company, valued at approximately $8,581,870. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,115 shares of company stock worth $6,376,822. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System lifted its holdings in shares of MKS Instruments by 6.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 58,657 shares of the scientific and technical instruments company’s stock valued at $6,341,000 after purchasing an additional 3,806 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of MKS Instruments by 41.1% during the third quarter. First Eagle Investment Management LLC now owns 134,735 shares of the scientific and technical instruments company’s stock valued at $11,660,000 after acquiring an additional 39,255 shares during the last quarter. Tributary Capital Management LLC increased its position in shares of MKS Instruments by 4.9% during the third quarter. Tributary Capital Management LLC now owns 6,051 shares of the scientific and technical instruments company’s stock valued at $524,000 after acquiring an additional 283 shares during the last quarter. UBS Group AG increased its position in shares of MKS Instruments by 13.7% during the third quarter. UBS Group AG now owns 118,958 shares of the scientific and technical instruments company’s stock valued at $10,295,000 after acquiring an additional 14,355 shares during the last quarter. Finally, First National Advisers LLC purchased a new stake in shares of MKS Instruments during the third quarter valued at approximately $494,000. Institutional investors own 99.25% of the company’s stock.

About MKS Instruments

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MKS Instruments, Inc provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, Germany, China, and internationally. It operates through Vacuum Solutions Division, Photonics Solutions Division, and Material Solutions Division.

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

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