Brokers Offer Predictions for MKS Instruments, Inc.’s Q3 2024 Earnings (NASDAQ:MKSI)

MKS Instruments, Inc. (NASDAQ:MKSI) – Analysts at Zacks Research boosted their Q3 2024 EPS estimates for MKS Instruments in a note issued to investors on Wednesday, October 9th. Zacks Research analyst R. Department now anticipates 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.

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

Other research analysts also recently issued reports about the stock. Bank of America started coverage on shares of MKS Instruments in a research report on Wednesday, July 10th. They set a “buy” rating and a $160.00 price objective on the stock. Citigroup cut shares of MKS Instruments from a “buy” rating to a “neutral” rating and reduced their target price for the company from $145.00 to $120.00 in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of MKS Instruments from $140.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, August 9th. KeyCorp lifted their target price on shares of MKS Instruments from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Finally, Benchmark reiterated a “buy” rating and issued a $142.00 target price on shares of MKS Instruments in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MKS Instruments has an average rating of “Moderate Buy” and an average price target of $141.09.

MKS Instruments Stock Performance

Shares of MKSI opened at $109.40 on Monday. The company’s 50 day moving average price is $111.16 and its 200 day moving average price is $121.85. MKS Instruments has a 52 week low of $63.44 and a 52 week high of $147.40. The company has a market capitalization of $7.34 billion, a PE ratio of -4.10, a PEG ratio of 0.76 and a beta of 1.63. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.31 and a current ratio of 3.58.

Institutional Investors Weigh In On MKS Instruments

Institutional investors and hedge funds have recently bought and sold shares of the business. AE Wealth Management LLC grew its holdings in shares of MKS Instruments by 5.9% in the 2nd quarter. AE Wealth Management LLC now owns 1,659 shares of the scientific and technical instruments company’s stock worth $217,000 after purchasing an additional 92 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of MKS Instruments by 62.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 309 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 119 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of MKS Instruments by 53.7% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 122 shares during the last quarter. Verity Asset Management Inc. grew its holdings in shares of MKS Instruments by 6.3% in the 1st quarter. Verity Asset Management Inc. now owns 2,085 shares of the scientific and technical instruments company’s stock worth $277,000 after purchasing an additional 124 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of MKS Instruments by 21.6% in the 3rd quarter. GAMMA Investing LLC now owns 772 shares of the scientific and technical instruments company’s stock worth $84,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Jacqueline F. Moloney sold 250 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total transaction of $27,225.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other MKS Instruments news, Director Jacqueline F. Moloney sold 250 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total value of $27,225.00. Following the sale, the director now owns 10,283 shares of the company’s stock, valued at $1,119,818.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Elizabeth Mora sold 275 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.97, for a total transaction of $31,891.75. Following the completion of the sale, the director now directly owns 17,934 shares in the company, valued at $2,079,805.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,575 shares of company stock valued at $303,660. 0.46% of the stock is owned by company insiders.

MKS Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Monday, August 26th. MKS Instruments’s dividend payout ratio (DPR) is currently -3.30%.

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.