MKS Instruments (MKSI) Set to Announce Earnings on Wednesday

MKS Instruments (NASDAQ:MKSI) will announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce 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 interested in participating in the company’s conference call can do so using this link.

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

MKS Instruments stock opened at $122.02 on Monday. The company has a market cap of $8.18 billion, a PE ratio of -4.43, a PEG ratio of 4.01 and a beta of 1.69. The company has a current ratio of 3.18, a quick ratio of 2.01 and a debt-to-equity ratio of 1.90. MKS Instruments has a 1 year low of $63.44 and a 1 year high of $135.51. The company’s 50-day moving average is $123.50 and its two-hundred day moving average is $104.23.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other 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 transaction, the director now owns 16,862 shares in the company, valued at approximately $2,242,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Elizabeth Mora sold 250 shares of the firm’s 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 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 SEC, which is available at this hyperlink. Also, CFO Seth H. Bagshaw sold 32,865 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $123.28, for a total transaction of $4,051,597.20. Following the completion of the transaction, the chief financial officer now directly owns 1 shares of the company’s stock, valued at $123.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,776 shares of company stock worth $6,226,307. Corporate insiders own 0.46% 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.