Q3 2017 Earnings Forecast for MKS Instruments, Inc. Issued By DA Davidson (MKSI)
MKS Instruments, Inc. (NASDAQ:MKSI) – DA Davidson upped their Q3 2017 earnings per share estimates for shares of MKS Instruments in a report issued on Wednesday. DA Davidson analyst T. Diffely now anticipates that the scientific and technical instruments company will earn $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.
MKS Instruments (NASDAQ:MKSI) last released its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. The firm had revenue of $481.00 million for the quarter, compared to analysts’ expectations of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The company’s quarterly revenue was up 47.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share.
Other analysts have also issued research reports about the stock. BidaskClub lowered shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $98.00 price target (up previously from $90.00) on shares of MKS Instruments in a research report on Thursday, July 27th. Deutsche Bank AG initiated coverage on shares of MKS Instruments in a research report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price target on the stock. Finally, KeyCorp reaffirmed an “outperform” rating and set a $100.00 price target on shares of MKS Instruments in a research report on Saturday, September 16th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $88.20.
MKS Instruments (NASDAQ MKSI) opened at 96.00 on Thursday. The stock’s 50 day moving average price is $85.96 and its 200-day moving average price is $78.35. MKS Instruments has a 1-year low of $46.51 and a 1-year high of $96.65. The company has a market cap of $5.21 billion, a PE ratio of 19.94 and a beta of 1.13.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 28th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. MKS Instruments’s payout ratio is 14.58%.
In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $85.80, for a total value of $643,500.00. Following the sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at $1,854,567. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Hanley sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $83.22, for a total value of $83,220.00. Following the completion of the sale, the director now directly owns 3,372 shares in the company, valued at approximately $280,617.84. The disclosure for this sale can be found here. In the last three months, insiders sold 11,100 shares of company stock worth $935,105. 1.65% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LS Investment Advisors LLC raised its position in MKS Instruments by 0.5% in the second quarter. LS Investment Advisors LLC now owns 4,236 shares of the scientific and technical instruments company’s stock valued at $285,000 after purchasing an additional 19 shares during the period. Teacher Retirement System of Texas raised its position in MKS Instruments by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 4,273 shares of the scientific and technical instruments company’s stock valued at $288,000 after purchasing an additional 21 shares during the period. Miles Capital Inc. raised its position in MKS Instruments by 1.8% in the first quarter. Miles Capital Inc. now owns 3,592 shares of the scientific and technical instruments company’s stock valued at $247,000 after purchasing an additional 62 shares during the period. World Asset Management Inc raised its position in MKS Instruments by 2.0% in the first quarter. World Asset Management Inc now owns 3,443 shares of the scientific and technical instruments company’s stock valued at $237,000 after purchasing an additional 68 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its position in MKS Instruments by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 12,210 shares of the scientific and technical instruments company’s stock valued at $839,000 after purchasing an additional 70 shares during the period. 95.38% of the stock is currently owned by institutional investors.
MKS Instruments Company Profile
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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