Q2 2024 EPS Estimates for MKS Instruments, Inc. (NASDAQ:MKSI) Lowered by Zacks Research

MKS Instruments, Inc. (NASDAQ:MKSI) – Stock analysts at Zacks Research decreased their Q2 2024 earnings estimates for shares of MKS Instruments in a research report issued to clients and investors on Wednesday, May 29th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will post earnings per share of $0.95 for the quarter, down from their prior estimate of $1.06. The consensus estimate for MKS Instruments’ current full-year earnings is $4.45 per share. Zacks Research also issued estimates for MKS Instruments’ Q3 2024 earnings at $1.18 EPS, FY2024 earnings at $4.49 EPS, Q1 2025 earnings at $1.39 EPS, Q2 2025 earnings at $1.53 EPS, Q4 2025 earnings at $1.97 EPS, FY2025 earnings at $6.50 EPS, Q1 2026 earnings at $1.90 EPS and FY2026 earnings at $7.88 EPS.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings data on Wednesday, May 8th. The scientific and technical instruments company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.43. The firm had revenue of $868.00 million for the quarter, compared to the consensus estimate of $848.94 million. MKS Instruments had a negative net margin of 48.24% and a positive return on equity of 13.90%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS.

A number of other equities analysts have also issued reports on MKSI. KeyCorp increased their price objective on MKS Instruments from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Wells Fargo & Company upped their price objective on shares of MKS Instruments from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Needham & Company LLC raised their target price on shares of MKS Instruments from $145.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. StockNews.com upgraded shares of MKS Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, Benchmark reiterated a “buy” rating and issued a $142.00 price objective on shares of MKS Instruments in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.25.

MKS Instruments Price Performance

Shares of MKSI opened at $126.59 on Friday. MKS Instruments has a 12 month low of $63.44 and a 12 month high of $135.51. The company has a market cap of $8.49 billion, a P/E ratio of -4.74, a PEG ratio of 4.34 and a beta of 1.69. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.69 and a quick ratio of 2.34. The stock has a fifty day moving average price of $124.79 and a 200 day moving average price of $112.17.

Hedge Funds Weigh In On MKS Instruments

A number of hedge funds have recently modified their holdings of MKSI. Atlas Capital Advisors LLC bought a new position in shares of MKS Instruments in the first quarter worth about $25,000. Allspring Global Investments Holdings LLC acquired a new position in MKS Instruments during the 1st quarter worth $25,000. Rise Advisors LLC bought a new position in MKS Instruments in the 1st quarter valued at $26,000. Mendota Financial Group LLC acquired a new stake in shares of MKS Instruments in the 4th quarter valued at $27,000. Finally, GAMMA Investing LLC acquired a new stake in shares of MKS Instruments during the 4th quarter worth approximately $35,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Elizabeth Mora sold 250 shares of MKS Instruments stock in a transaction dated 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 of the company’s stock, valued at $2,242,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

MKS Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, May 24th. MKS Instruments’s dividend payout ratio is currently -3.30%.

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.