FY2017 EPS Estimates for MKS Instruments, Inc. (MKSI) Raised by Dougherty & Co
MKS Instruments, Inc. (NASDAQ:MKSI) – Dougherty & Co upped their FY2017 earnings per share estimates for shares of MKS Instruments in a report issued on Monday. Dougherty & Co analyst R. Ryan now anticipates that the scientific and technical instruments company will earn $5.32 per share for the year, up from their prior forecast of $5.15. Dougherty & Co also issued estimates for MKS Instruments’ FY2018 earnings at $5.98 EPS.
MKS Instruments (NASDAQ:MKSI) last announced its earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.41. The business had revenue of $481.00 million during the quarter, compared to analyst estimates of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. The company’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share.
A number of other brokerages also recently issued reports on MKSI. BidaskClub downgraded shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Deutsche Bank AG initiated coverage on shares of MKS Instruments in a report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price target for the company. Stifel Nicolaus restated a “buy” rating on shares of MKS Instruments in a report on Sunday, October 1st. Finally, KeyCorp restated an “outperform” rating and set a $100.00 price target on shares of MKS Instruments in a report on Saturday, September 16th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $98.00.
Shares of MKS Instruments (NASDAQ:MKSI) opened at 101.90 on Tuesday. MKS Instruments has a one year low of $46.51 and a one year high of $102.50. The company has a 50 day moving average price of $92.49 and a 200-day moving average price of $81.27. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 21.17 and a beta of 1.13.
In related news, Director Peter Hanley sold 1,000 shares of MKS Instruments 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 owns 3,372 shares in the company, valued at approximately $280,617.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of MKS Instruments stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total transaction of $643,500.00. Following the completion of the sale, the chief financial officer now owns 21,615 shares of the company’s stock, valued at approximately $1,854,567. The disclosure for this sale can be found here. Insiders sold a total of 11,100 shares of company stock valued at $935,105 in the last quarter. 1.65% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of MKSI. Riverhead Capital Management LLC increased its holdings in MKS Instruments by 71.9% in the 2nd 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 boosted its position in MKS Instruments by 22.8% in the 2nd quarter. Creative Planning now owns 2,239 shares of the scientific and technical instruments company’s stock valued at $151,000 after buying an additional 416 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in MKS Instruments by 12.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,482 shares of the scientific and technical instruments company’s stock valued at $167,000 after buying an additional 281 shares during the period. Good Life Advisors LLC purchased a new position in MKS Instruments in the 2nd quarter valued at approximately $203,000. Finally, CAPROCK Group Inc. purchased a new position in MKS Instruments in the 3rd quarter valued at approximately $213,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.
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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