MKS Instruments (NASDAQ:MKSI) Releases Q4 2024 Earnings Guidance

MKS Instruments (NASDAQ:MKSI) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.630-2.270 for the period, compared to the consensus earnings per share estimate of 1.490. The company issued revenue guidance of $870.0 million-$950.0 million, compared to the consensus revenue estimate of $885.0 million. MKS Instruments also updated its Q4 guidance to $1.63-2.27 EPS.

MKS Instruments Trading Up 0.6 %

MKS Instruments stock traded up $0.65 during mid-day trading on Friday, reaching $116.29. 796,253 shares of the company traded hands, compared to its average volume of 869,968. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.58 and a quick ratio of 2.31. MKS Instruments has a 52-week low of $67.57 and a 52-week high of $147.40. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 258.42, a P/E/G ratio of 0.72 and a beta of 1.63. The firm’s 50 day moving average price is $106.63 and its 200 day moving average price is $119.05.

MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Wednesday, November 6th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.30. The firm had revenue of $896.00 million for the quarter, compared to the consensus estimate of $874.29 million. MKS Instruments had a return on equity of 15.82% and a net margin of 0.90%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.46 EPS. On average, analysts anticipate that MKS Instruments will post 5.61 earnings per share for the current fiscal year.

MKS Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Monday, November 25th. MKS Instruments’s dividend payout ratio is presently 195.56%.

Analyst Ratings Changes

A number of brokerages have weighed in on MKSI. Wells Fargo & Company decreased their target price on shares of MKS Instruments from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group assumed coverage on MKS Instruments in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $129.00 price objective for the company. Citigroup cut MKS Instruments from a “buy” rating to a “neutral” rating and cut their target price for the stock from $145.00 to $120.00 in a research note on Monday, September 16th. Benchmark reaffirmed a “buy” rating and issued a $142.00 price target on shares of MKS Instruments in a research report on Thursday, August 8th. Finally, Morgan Stanley began coverage on shares of MKS Instruments in a research report on Monday, August 5th. They set an “overweight” rating and a $155.00 price objective on the stock. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, MKS Instruments currently has an average rating of “Moderate Buy” and an average price target of $141.09.

Insider Activity

In other MKS Instruments news, EVP John Edward Williams sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $118.71, for a total transaction of $213,678.00. Following the completion of the transaction, the executive vice president now owns 13 shares in the company, valued at $1,543.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Jacqueline F. Moloney sold 250 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $108.90, for a total value of $27,225.00. Following the transaction, the director now directly owns 10,283 shares in the company, valued at approximately $1,119,818.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John Edward Williams sold 1,800 shares of MKS Instruments stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $118.71, for a total transaction of $213,678.00. Following the sale, the executive vice president now owns 13 shares of the company’s stock, valued at $1,543.23. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,325 shares of company stock valued at $272,795. 0.46% of the stock is currently owned by company insiders.

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.