Wall Street brokerages expect that MKS Instruments, Inc. (NASDAQ:MKSI) will report $470.36 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for MKS Instruments’ earnings, with estimates ranging from $469.90 million to $471.20 million. MKS Instruments reported sales of $460.54 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.1%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that MKS Instruments will report full year sales of $1.87 billion for the current fiscal year. For the next fiscal year, analysts expect that the business will post sales of $2.06 billion, with estimates ranging from $2.01 billion to $2.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover MKS Instruments.

MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.25. The business had revenue of $462.45 million for the quarter, compared to analysts’ expectations of $442.90 million. MKS Instruments had a return on equity of 13.84% and a net margin of 9.10%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 EPS.

MKSI has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and set a $120.00 price objective on shares of MKS Instruments in a report on Friday, October 25th. Citigroup increased their price objective on MKS Instruments from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Cowen increased their price objective on MKS Instruments from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 21st. Finally, DA Davidson increased their price objective on MKS Instruments to $125.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. MKS Instruments currently has a consensus rating of “Buy” and an average target price of $119.88.

In other MKS Instruments news, CFO Seth H. Bagshaw sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $112.08, for a total value of $2,017,440.00. Following the sale, the chief financial officer now owns 18,857 shares of the company’s stock, valued at approximately $2,113,492.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gerard G. Colella sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $111.03, for a total value of $555,150.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,384 shares of company stock worth $3,720,541. Insiders own 1.24% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in shares of MKS Instruments by 171.9% in the second quarter. Invesco Ltd. now owns 1,489,870 shares of the scientific and technical instruments company’s stock worth $116,046,000 after acquiring an additional 941,917 shares during the period. First Trust Advisors LP lifted its position in shares of MKS Instruments by 760.5% in the second quarter. First Trust Advisors LP now owns 319,605 shares of the scientific and technical instruments company’s stock worth $24,894,000 after buying an additional 282,464 shares in the last quarter. JPMorgan Chase & Co. raised its position in MKS Instruments by 22.6% during the second quarter. JPMorgan Chase & Co. now owns 1,489,079 shares of the scientific and technical instruments company’s stock valued at $116,878,000 after purchasing an additional 274,145 shares during the period. Point72 Asset Management L.P. raised its position in MKS Instruments by 59.5% during the second quarter. Point72 Asset Management L.P. now owns 502,968 shares of the scientific and technical instruments company’s stock valued at $39,176,000 after purchasing an additional 187,710 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its position in MKS Instruments by 2,134.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 161,859 shares of the scientific and technical instruments company’s stock valued at $15,061,000 after purchasing an additional 154,614 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

MKSI traded up $0.06 during trading on Wednesday, reaching $106.34. 697,236 shares of the company were exchanged, compared to its average volume of 525,303. The company’s 50-day moving average is $105.07 and its two-hundred day moving average is $86.64. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 13.58 and a beta of 1.48. The company has a quick ratio of 2.89, a current ratio of 4.38 and a debt-to-equity ratio of 0.44. MKS Instruments has a 12-month low of $56.37 and a 12-month high of $115.12.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a $0.20 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.80 annualized dividend and a dividend yield of 0.75%. MKS Instruments’s payout ratio is currently 10.22%.

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.

Read More: What is the operating income formula?

Get a free copy of the Zacks research report on MKS Instruments (MKSI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for MKS Instruments (NASDAQ:MKSI)

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.