MKS Instruments (NASDAQ:MKSI) Releases Quarterly Earnings Results, Beats Estimates By $0.51 EPS

MKS Instruments (NASDAQ:MKSI) posted its earnings results on Wednesday. The scientific and technical instruments company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.02 by $0.51, Briefing.com reports. MKS Instruments had a positive return on equity of 13.90% and a negative net margin of 48.24%. The business had revenue of $887.00 million during the quarter, compared to the consensus estimate of $866.38 million. During the same quarter last year, the company earned $1.32 EPS. MKS Instruments’s revenue was down 11.6% on a year-over-year basis. MKS Instruments updated its Q3 guidance to $1.15-$1.71 EPS and its Q3 2024 guidance to 1.150-1.710 EPS.

MKS Instruments Stock Performance

Shares of MKS Instruments stock traded up $6.45 on Thursday, hitting $109.97. The stock had a trading volume of 1,561,683 shares, compared to its average volume of 822,205. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of -4.12, a price-to-earnings-growth ratio of 1.18 and a beta of 1.65. MKS Instruments has a twelve month low of $63.44 and a twelve month high of $147.40. The company has a quick ratio of 2.34, a current ratio of 3.69 and a debt-to-equity ratio of 1.94. The business’s 50 day moving average is $128.81 and its two-hundred day moving average is $124.49.

MKS Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Monday, August 26th. MKS Instruments’s payout ratio is -3.30%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MKSI shares. Benchmark reissued a “buy” rating and issued a $142.00 target price on shares of MKS Instruments in a research note on Thursday. KeyCorp boosted their target price on MKS Instruments from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. TD Cowen boosted their target price on MKS Instruments from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $140.00 target price on shares of MKS Instruments in a research note on Thursday, June 20th. Finally, Needham & Company LLC boosted their target price on MKS Instruments from $145.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, MKS Instruments presently has a consensus rating of “Moderate Buy” and an average target price of $148.75.

Insider Buying and Selling

In other MKS Instruments news, Director Elizabeth Mora sold 275 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $129.41, for a total transaction of $35,587.75. Following the completion of the sale, the director now directly owns 18,209 shares in the company, valued at $2,356,426.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Elizabeth Mora sold 275 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $129.41, for a total transaction of $35,587.75. Following the completion of the transaction, the director now directly owns 18,209 shares of the company’s stock, valued at approximately $2,356,426.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jacqueline F. Moloney sold 250 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $123.46, for a total value of $30,865.00. Following the sale, the director now owns 10,533 shares of the company’s stock, valued at $1,300,404.18. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by company insiders.

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.