MKS Instruments (NASDAQ:MKSI) Posts Earnings Results, Beats Expectations By $0.44 EPS
MKS Instruments (NASDAQ:MKSI) issued its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.44, MarketWatch Earnings reports. MKS Instruments had a return on equity of 14.98% and a net margin of 11.41%. The business had revenue of $544.30 million during the quarter, compared to analyst estimates of $491.83 million. During the same period in the prior year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. MKS Instruments updated its Q3 2020
After-Hours guidance to 1.55-1.95 EPS and its Q3 guidance to $1.55-1.95 EPS.
Shares of MKSI traded down $0.97 during mid-day trading on Friday, reaching $125.59. The company’s stock had a trading volume of 5,784 shares, compared to its average volume of 346,023. The business has a fifty day moving average of $113.39 and a 200 day moving average of $102.91. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 30.06 and a beta of 1.49. MKS Instruments has a 1 year low of $66.87 and a 1 year high of $129.48. The company has a quick ratio of 3.05, a current ratio of 4.53 and a debt-to-equity ratio of 0.40.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.64%. MKS Instruments’s dividend payout ratio (DPR) is presently 17.70%.
A number of equities analysts recently issued reports on MKSI shares. Citigroup increased their price objective on MKS Instruments from $85.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. KeyCorp increased their price target on MKS Instruments from $122.00 to $152.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Co began coverage on MKS Instruments in a research note on Thursday, June 25th. They set an “equal weight” rating and a $120.00 price target for the company. Needham & Company LLC increased their price target on MKS Instruments from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, DA Davidson raised MKS Instruments from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Thursday, June 18th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $135.64.
MKS Instruments Company Profile
MKS Instruments, Inc provides instruments, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. It operates through two segments, Vacuum and Analysis, and Light and Motion. The Vacuum and Analysis segment offers analytical and control solutions, including gas analyzers, automation control products, I/O modules, automation software, and precision machined components and electromechanical assemblies; direct and indirect pressure measurement and integrated process solutions; and materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems to provide customers with control capabilities that are optimized for a given application.
See Also: High-Yield Dividend Stocks
Receive News & Ratings for MKS Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments and related companies with MarketBeat.com's FREE daily email newsletter.