MKS Instruments, Inc. to Post Q3 2024 Earnings of $1.38 Per Share, Zacks Research Forecasts (NASDAQ:MKSI)

MKS Instruments, Inc. (NASDAQ:MKSI) – Analysts at Zacks Research upped their Q3 2024 earnings estimates for shares of MKS Instruments in a report issued on Wednesday, October 9th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will post earnings per share of $1.38 for the quarter, up from their previous forecast of $1.35. The consensus estimate for MKS Instruments’ current full-year earnings is $5.60 per share. Zacks Research also issued estimates for MKS Instruments’ Q4 2024 earnings at $1.40 EPS, FY2024 earnings at $5.50 EPS, Q1 2025 earnings at $1.54 EPS, Q2 2025 earnings at $1.68 EPS, Q3 2025 earnings at $1.77 EPS, FY2025 earnings at $6.87 EPS, Q1 2026 earnings at $2.00 EPS, Q2 2026 earnings at $2.13 EPS and FY2026 earnings at $8.23 EPS.

Several other equities research analysts have also issued reports on MKSI. Wells Fargo & Company lowered their price target on shares of MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley started coverage on shares of MKS Instruments in a research report on Monday, August 5th. They issued an “overweight” rating and a $155.00 price target for the company. Cantor Fitzgerald initiated coverage on MKS Instruments in a report on Tuesday, September 10th. They set an “overweight” rating and a $140.00 price objective on the stock. The Goldman Sachs Group started coverage on MKS Instruments in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $129.00 target price for the company. Finally, Citigroup lowered MKS Instruments from a “buy” rating to a “neutral” rating and decreased their price target for the company from $145.00 to $120.00 in a research note on Monday, September 16th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.09.

MKS Instruments Stock Performance

Shares of NASDAQ MKSI opened at $103.97 on Monday. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of -3.90, a PEG ratio of 0.76 and a beta of 1.63. MKS Instruments has a one year low of $63.44 and a one year high of $147.40. The business has a fifty day simple moving average of $111.27 and a 200 day simple moving average of $121.50. The company has a current ratio of 3.58, a quick ratio of 2.31 and a debt-to-equity ratio of 2.16.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.02 by $0.51. MKS Instruments had a return on equity of 14.91% and a net margin of 0.25%. The firm had revenue of $887.00 million during the quarter, compared to analysts’ expectations of $866.38 million. During the same quarter in the prior year, the firm posted $1.32 EPS. The company’s revenue for the quarter was down 11.6% on a year-over-year basis.

MKS Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.85%. MKS Instruments’s dividend payout ratio (DPR) is presently -3.30%.

Insider Activity at MKS Instruments

In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total value of $27,225.00. Following the completion of the sale, the director now owns 10,283 shares in the company, valued at approximately $1,119,818.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP John Edward Williams sold 1,800 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $118.71, for a total transaction of $213,678.00. Following the transaction, the executive vice president now owns 13 shares of the company’s stock, valued at $1,543.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jacqueline F. Moloney sold 250 shares of MKS Instruments stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $108.90, for a total value of $27,225.00. Following the completion of the sale, the director now owns 10,283 shares of the company’s stock, valued at approximately $1,119,818.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,575 shares of company stock valued at $303,660 over the last ninety days. 0.46% of the stock is owned by insiders.

Institutional Investors Weigh In On MKS Instruments

Several institutional investors have recently modified their holdings of MKSI. Susquehanna Fundamental Investments LLC bought a new stake in shares of MKS Instruments during the 1st quarter valued at $918,000. Bessemer Group Inc. boosted its holdings in MKS Instruments by 7.1% during the first quarter. Bessemer Group Inc. now owns 78,093 shares of the scientific and technical instruments company’s stock worth $10,387,000 after buying an additional 5,184 shares during the last quarter. Vanguard Group Inc. grew its position in shares of MKS Instruments by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,892,941 shares of the scientific and technical instruments company’s stock worth $709,077,000 after buying an additional 39,045 shares during the period. Comerica Bank grew its position in shares of MKS Instruments by 29.5% during the 1st quarter. Comerica Bank now owns 111,923 shares of the scientific and technical instruments company’s stock worth $14,886,000 after buying an additional 25,520 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of MKS Instruments by 7.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 141,187 shares of the scientific and technical instruments company’s stock valued at $18,436,000 after acquiring an additional 10,000 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.

About MKS Instruments

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.