MKS Instruments, Inc. (MKSI) to Post Q3 2017 Earnings of $1.50 Per Share, DA Davidson Forecasts
MKS Instruments, Inc. (NASDAQ:MKSI) – DA Davidson upped their Q3 2017 earnings estimates for MKS Instruments in a note issued to investors on Wednesday. DA Davidson analyst T. Diffely now anticipates that the scientific and technical instruments company will post earnings of $1.50 per share for the quarter, up from their prior forecast of $1.45. DA Davidson also issued estimates for MKS Instruments’ Q4 2017 earnings at $1.41 EPS, FY2017 earnings at $5.60 EPS, Q1 2018 earnings at $1.44 EPS, Q2 2018 earnings at $1.54 EPS, Q4 2018 earnings at $1.54 EPS and FY2018 earnings at $6.15 EPS.
Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating on shares of MKS Instruments in a report on Sunday, October 1st. KeyCorp reissued an “outperform” rating and issued a $100.00 price target on shares of MKS Instruments in a report on Saturday, September 16th. Finally, Deutsche Bank AG assumed coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price target on the stock. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. MKS Instruments has a consensus rating of “Buy” and an average price target of $88.20.
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Shares of MKS Instruments (NASDAQ:MKSI) opened at 95.40 on Thursday. The stock’s 50 day moving average is $86.76 and its 200-day moving average is $78.66. The firm has a market cap of $5.18 billion, a PE ratio of 19.82 and a beta of 1.13. MKS Instruments has a 1-year low of $46.51 and a 1-year high of $96.65.
MKS Instruments (NASDAQ:MKSI) last posted its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. The company had revenue of $481.00 million during the quarter, compared to analysts’ expectations of $463.86 million. MKS Instruments had a net margin of 15.47% and a return on equity of 19.47%. MKS Instruments’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC lifted its holdings in MKS Instruments by 71.9% during the second quarter. Riverhead Capital Management LLC now owns 2,063 shares of the scientific and technical instruments company’s stock valued at $139,000 after purchasing an additional 863 shares during the last quarter. Creative Planning lifted its holdings in MKS Instruments by 22.8% during the second quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after purchasing an additional 416 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MKS Instruments by 12.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,482 shares of the scientific and technical instruments company’s stock valued at $167,000 after purchasing an additional 281 shares during the last quarter. Good Life Advisors LLC purchased a new stake in MKS Instruments during the second quarter valued at about $203,000. Finally, Suntrust Banks Inc. purchased a new stake in MKS Instruments during the first quarter valued at about $209,000. 95.38% of the stock is currently owned by institutional investors and hedge funds.
In other MKS Instruments news, Director Peter Hanley sold 1,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $83.22, for a total transaction of $83,220.00. Following the sale, the director now directly owns 3,372 shares of the company’s stock, valued at $280,617.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total transaction of $643,500.00. Following the sale, the chief financial officer now directly owns 21,615 shares in the company, valued at $1,854,567. The disclosure for this sale can be found here. Insiders sold a total of 11,100 shares of company stock worth $935,105 over the last three months. 1.65% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 28th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is currently 14.58%.
About MKS Instruments
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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