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

MKS Instruments (NASDAQ:MKSI) updated its fourth quarter 2024 earnings guidance on Wednesday. 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 midday trading on Friday, reaching $116.29. The stock had a trading volume of 796,253 shares, compared to its average volume of 869,968. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 258.42, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63. MKS Instruments has a 52-week low of $67.57 and a 52-week high of $147.40. The company has a quick ratio of 2.31, a current ratio of 3.58 and a debt-to-equity ratio of 2.16. The company has a fifty day moving average of $106.63 and a 200 day moving average of $119.05.

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

MKS Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, November 25th. MKS Instruments’s dividend payout ratio (DPR) is 195.56%.

Analyst Ratings Changes

Several brokerages have weighed in on MKSI. Mizuho raised MKS Instruments to a “strong-buy” rating in a research report on Monday, October 7th. Cantor Fitzgerald began coverage on shares of MKS Instruments in a research note on Tuesday, September 10th. They set an “overweight” rating and a $140.00 price objective on the stock. Citigroup downgraded shares of MKS Instruments from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $145.00 to $120.00 in a report on Monday, September 16th. The Goldman Sachs Group began coverage on shares of MKS Instruments in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $129.00 price objective for the company. Finally, Morgan Stanley assumed coverage on MKS Instruments in a research report on Monday, August 5th. They set an “overweight” rating and a $155.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $141.09.

Insider Buying and Selling at MKS Instruments

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