Analysts Issue Forecasts for MKS Instruments, Inc.’s FY2018 Earnings (MKSI)
MKS Instruments, Inc. (NASDAQ:MKSI) – Analysts at DA Davidson boosted their FY2018 earnings per share estimates for MKS Instruments in a research report issued on Wednesday. DA Davidson analyst T. Diffely now expects that the scientific and technical instruments company will post earnings of $6.50 per share for the year, up from their previous forecast of $6.15.
MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. MKS Instruments had a return on equity of 21.21% and a net margin of 16.97%. The business had revenue of $486.27 million for the quarter, compared to analyst estimates of $476.24 million. During the same period last year, the company earned $0.88 EPS. MKS Instruments’s revenue for the quarter was up 27.7% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This piece of content was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/30/analysts-issue-forecasts-for-mks-instruments-inc-s-fy2018-earnings-mksi.html.
Other research analysts have also recently issued research reports about the company. Deutsche Bank AG initiated coverage on MKS Instruments in a research note on Wednesday, July 5th. They set a “buy” rating and a $84.00 target price on the stock. Dougherty & Co upped their target price on MKS Instruments from $106.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 target price (up previously from $98.00) on shares of MKS Instruments in a research note on Tuesday, October 24th. BidaskClub cut MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Finally, KeyCorp reaffirmed an “outperform” rating and set a $100.00 target price on shares of MKS Instruments in a research note on Saturday, September 16th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $109.75.
MKS Instruments (NASDAQ MKSI) traded down 0.97% during trading on Monday, reaching $105.81. The company had a trading volume of 62,247 shares. The company has a market capitalization of $5.74 billion, a PE ratio of 21.98 and a beta of 1.13. MKS Instruments has a one year low of $48.05 and a one year high of $107.05. The firm’s 50 day moving average is $94.59 and its 200 day moving average is $82.13.
In related news, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the completion of the sale, the vice president now owns 15,785 shares in the company, valued at $1,251,750.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Seth H. Bagshaw sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $85.80, for a total value 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 10,100 shares of company stock valued at $851,885 in the last quarter. 1.65% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in MKSI. Riverhead Capital Management LLC boosted its holdings in shares of MKS Instruments by 71.9% in 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 period. Creative Planning boosted its holdings in shares of MKS Instruments by 22.8% in 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of MKS Instruments by 12.8% in 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 period. Good Life Advisors LLC purchased a new stake in shares of MKS Instruments in the second quarter valued at approximately $203,000. Finally, CAPROCK Group Inc. purchased a new stake in shares of MKS Instruments in the third quarter valued at approximately $213,000. Hedge funds and other institutional investors own 96.13% of the company’s stock.
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.
Receive News & Ratings for MKS Instruments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MKS Instruments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.