MKS Instruments (NASDAQ:MKSI) declared a quarterly dividend on Tuesday, July 30th, Analyst Ratings Network.com reports. Shareholders of record on Friday, August 30th will be given a dividend of $0.16 per share on Friday, September 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.35%.
On a related note, analysts at Canaccord Genuity cut their price target on shares of MKS Instruments from $35.00 to $33.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. MKS Instruments has a consensus rating of “Buy” and an average price target of $30.60.
MKS Instruments (NASDAQ: MKSI) traded up 0.51% on Tuesday, hitting $27.35. MKS Instruments has a 52-week low of $22.45 and a 52-week high of $29.45. The stock’s 50-day moving average is currently $27.63. The company has a market cap of $1.451 billion and a price-to-earnings ratio of 73.54.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $157.00 million for the quarter, compared to the consensus estimate of $155.51 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down 11.3% on a year-over-year basis. MKS Instruments has set its Q3 guidance at $0.14-$0.26 EPS. On average, analysts predict that MKS Instruments will post $0.82 earnings per share for the current fiscal year.
MKS Instruments, Inc (NASDAQ: MKSI) is a provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze parameters of manufacturing processes.