MKS Instruments (NASDAQ:MKSI) Posts Quarterly Earnings Results, Beats Expectations By $0.25 EPS

MKS Instruments (NASDAQ:MKSI) issued its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.25, reports. The business had revenue of $462.45 million during the quarter, compared to the consensus estimate of $442.90 million. MKS Instruments had a net margin of 11.41% and a return on equity of 16.34%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.88 EPS. MKS Instruments updated its Q4 2019 guidance to $0.85-1.19 EPS and its Q4 guidance to $0.85-1.19 EPS.

Shares of MKSI stock traded up $14.85 during trading hours on Thursday, hitting $109.49. 1,267,200 shares of the company’s stock traded hands, compared to its average volume of 540,761. The stock’s 50 day simple moving average is $91.66 and its 200 day simple moving average is $84.25. The stock has a market cap of $5.16 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.98 and a beta of 1.48. MKS Instruments has a 12 month low of $56.37 and a 12 month high of $110.00. The company has a quick ratio of 3.12, a current ratio of 4.80 and a debt-to-equity ratio of 0.48.

Several brokerages recently commented on MKSI. Citigroup increased their price objective on shares of MKS Instruments from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. BidaskClub raised shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. ValuEngine downgraded shares of MKS Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of MKS Instruments from a “hold” rating to a “sell” rating and set a $94.00 price objective for the company. in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $113.67.

In other news, Director Jacqueline F. Moloney sold 603 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $81.98, for a total transaction of $49,433.94. Following the completion of the transaction, the director now owns 7,692 shares of the company’s stock, valued at $630,590.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.24% of the stock is currently owned by company insiders.

About MKS Instruments

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

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Earnings History for MKS Instruments (NASDAQ:MKSI)

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