MKS Instruments (MKSI) Scheduled to Post Earnings on Wednesday

MKS Instruments (NASDAQ:MKSI) is set to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect MKS Instruments to post earnings of $0.75 per share for the quarter. MKS Instruments has set its Q1 guidance at $0.47-$0.97 EPS and its Q1 2024 guidance at 0.470-0.970 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.89 by $0.28. The firm had revenue of $893.00 million for the quarter, compared to analysts’ expectations of $845.25 million. MKS Instruments had a negative net margin of 50.80% and a positive return on equity of 9.95%. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 EPS. On average, analysts expect MKS Instruments to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

MKS Instruments Stock Performance

MKSI stock opened at $122.02 on Monday. The company has a quick ratio of 2.01, a current ratio of 3.18 and a debt-to-equity ratio of 1.90. The firm has a market cap of $8.18 billion, a PE ratio of -4.43, a P/E/G ratio of 4.01 and a beta of 1.69. The business has a 50 day moving average of $123.50 and a 200-day moving average of $104.23. MKS Instruments has a 12-month low of $63.44 and a 12-month high of $135.51.

Analyst Ratings Changes

A number of brokerages have issued reports on MKSI. StockNews.com upgraded MKS Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Benchmark raised their price objective on shares of MKS Instruments from $85.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Needham & Company LLC increased their target price on shares of MKS Instruments from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. TheStreet raised MKS Instruments from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Finally, KeyCorp boosted their target price on MKS Instruments from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $128.75.

Insiders Place Their Bets

In related news, Director Elizabeth Mora sold 250 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $133.00, for a total transaction of $33,250.00. Following the sale, the director now directly owns 16,862 shares in the company, valued at approximately $2,242,646. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Elizabeth Mora sold 250 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $133.00, for a total transaction of $33,250.00. Following the completion of the transaction, the director now owns 16,862 shares of the company’s stock, valued at $2,242,646. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gerard G. Colella sold 10,000 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $120.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the director now directly owns 68,017 shares in the company, valued at approximately $8,162,040. The disclosure for this sale can be found here. Insiders have sold a total of 50,776 shares of company stock worth $6,226,307 over the last 90 days. Corporate insiders own 0.46% of the company’s stock.

MKS Instruments Company Profile

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