MKS Instruments (NASDAQ:MKSI) Releases Q2 2024 Earnings Guidance

MKS Instruments (NASDAQ:MKSI) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.670-1.190 for the period, compared to the consensus EPS estimate of 0.820. The company issued revenue guidance of $820.0 million-$900.0 million, compared to the consensus revenue estimate of $856.9 million. MKS Instruments also updated its Q2 guidance to $0.67-1.19 EPS.

Analysts Set New Price Targets

MKSI has been the subject of a number of research reports. Benchmark increased their target price on MKS Instruments from $85.00 to $130.00 and gave the company a buy rating in a research report on Friday, February 9th. Needham & Company LLC increased their price objective on shares of MKS Instruments from $120.00 to $125.00 and gave the company a buy rating in a research report on Thursday, February 8th. TheStreet upgraded shares of MKS Instruments from a d+ rating to a c- rating in a report on Tuesday, January 23rd. StockNews.com raised shares of MKS Instruments from a sell rating to a hold rating in a report on Thursday, February 15th. Finally, Wells Fargo & Company boosted their price objective on MKS Instruments from $115.00 to $120.00 and gave the stock an equal weight rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $128.75.

MKS Instruments Trading Up 0.0 %

Shares of MKSI traded up $0.06 during midday trading on Wednesday, hitting $123.38. The stock had a trading volume of 631,428 shares, compared to its average volume of 632,572. The stock’s 50 day moving average is $123.66 and its 200 day moving average is $104.93. The firm has a market cap of $8.27 billion, a PE ratio of -4.44, a price-to-earnings-growth ratio of 4.01 and a beta of 1.69. The company has a debt-to-equity ratio of 1.90, a current ratio of 3.18 and a quick ratio of 2.01. MKS Instruments has a 1 year low of $63.44 and a 1 year high of $135.51.

MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings data on Wednesday, February 7th. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.28. MKS Instruments had a negative net margin of 50.80% and a positive return on equity of 9.95%. The business had revenue of $893.00 million during the quarter, compared to the consensus estimate of $845.25 million. During the same quarter last year, the firm earned $2.00 earnings per share. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. As a group, analysts forecast that MKS Instruments will post 4.54 EPS for the current fiscal year.

Insider Transactions at MKS Instruments

In other news, Director Elizabeth Mora sold 250 shares of the business’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 completion of the sale, the director now directly owns 16,862 shares of the company’s stock, valued at $2,242,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Elizabeth Mora sold 250 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 16,862 shares of the company’s stock, valued at $2,242,646. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen Flaherty Burke sold 7,411 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.89, for a total value of $910,737.79. Following the completion of the sale, the executive vice president now owns 42,999 shares of the company’s stock, valued at approximately $5,284,147.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,776 shares of company stock worth $6,226,307. 0.51% 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.