Wall Street brokerages forecast that MKS Instruments, Inc. (NASDAQ:MKSI) will report $530.68 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for MKS Instruments’ earnings, with the lowest sales estimate coming in at $530.00 million and the highest estimate coming in at $532.50 million. MKS Instruments posted sales of $437.15 million in the same quarter last year, which suggests a positive year over year growth rate of 21.4%. The company is expected to issue its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that MKS Instruments will report full-year sales of $530.68 million for the current fiscal year, with estimates ranging from $2.10 billion to $2.14 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.27 billion per share, with estimates ranging from $2.23 billion to $2.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover MKS Instruments.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.08. MKS Instruments had a net margin of 17.70% and a return on equity of 22.51%. The company had revenue of $512.00 million for the quarter, compared to analyst estimates of $500.22 million. During the same quarter last year, the firm earned $1.05 EPS. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year.
MKS Instruments (NASDAQ:MKSI) opened at $123.55 on Friday. The company has a current ratio of 4.27, a quick ratio of 3.10 and a debt-to-equity ratio of 0.25. MKS Instruments has a twelve month low of $64.75 and a twelve month high of $128.28. The company has a market cap of $6,715.64, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.17 and a beta of 0.93.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, February 23rd. MKS Instruments’s dividend payout ratio (DPR) is presently 11.69%.
In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $105.10, for a total value of $210,200.00. Following the sale, the vice president now owns 11,863 shares of the company’s stock, valued at approximately $1,246,801.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter Hanley sold 430 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $123.40, for a total transaction of $53,062.00. Following the completion of the sale, the director now directly owns 1,992 shares in the company, valued at approximately $245,812.80. The disclosure for this sale can be found here. In the last three months, insiders sold 51,443 shares of company stock worth $5,587,092. Insiders own 1.65% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. grew its holdings in MKS Instruments by 311.2% in the 4th quarter. Meeder Asset Management Inc. now owns 1,065 shares of the scientific and technical instruments company’s stock worth $101,000 after acquiring an additional 806 shares during the last quarter. Krilogy Financial LLC bought a new stake in MKS Instruments in the 3rd quarter worth $144,000. Bridgeworth LLC bought a new stake in MKS Instruments in the 3rd quarter worth $203,000. Advisor Partners LLC bought a new stake in MKS Instruments in the 4th quarter worth $206,000. Finally, Zeke Capital Advisors LLC bought a new stake in MKS Instruments in the 4th quarter worth $220,000. 93.92% of the stock is currently owned by institutional investors and hedge funds.
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About MKS Instruments
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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