MKS Instruments (MKSI) Set to Announce Earnings on Wednesday

MKS Instruments (NASDAQ:MKSI) will post its quarterly earnings results 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.Parties that wish to listen to the company’s 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue was down 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. 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

NASDAQ MKSI opened at $124.93 on Tuesday. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of -4.53, a PEG ratio of 4.01 and a beta of 1.69. MKS Instruments has a twelve month low of $63.44 and a twelve month high of $135.51. The stock has a fifty day simple moving average of $123.58 and a 200 day simple moving average of $104.58. The company has a quick ratio of 2.01, a current ratio of 3.18 and a debt-to-equity ratio of 1.90.

Wall Street Analysts Forecast Growth

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

Insider Transactions at MKS Instruments

In other MKS Instruments news, Director Elizabeth Mora sold 250 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $133.00, for a total value of $33,250.00. Following the completion of the sale, the director now directly owns 16,862 shares in the company, valued at $2,242,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Seth H. Bagshaw sold 32,865 shares of MKS Instruments stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $123.28, for a total transaction of $4,051,597.20. Following the transaction, the chief financial officer now owns 1 shares in the company, valued at approximately $123.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth Mora sold 250 shares of MKS Instruments stock in a transaction 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 sale, the director now owns 16,862 shares in the company, valued at $2,242,646. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,776 shares of company stock worth $6,226,307. Company insiders own 0.51% 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.