MKS Instruments, Inc. to Post FY2017 Earnings of $5.82 Per Share, Dougherty & Co Forecasts (MKSI)
MKS Instruments, Inc. (NASDAQ:MKSI) – Equities research analysts at Dougherty & Co raised their FY2017 earnings estimates for shares of MKS Instruments in a research report issued on Monday. Dougherty & Co analyst R. Ryan now forecasts that the scientific and technical instruments company will earn $5.82 per share for the year, up from their prior forecast of $5.32. Dougherty & Co currently has a “Buy” rating and a $115.00 price objective on the stock. Dougherty & Co also issued estimates for MKS Instruments’ Q4 2017 earnings at $1.55 EPS.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.10. MKS Instruments had a net margin of 16.97% and a return on equity of 21.21%. The company had revenue of $486.27 million during the quarter, compared to analyst estimates of $476.24 million. During the same quarter in the previous year, the business earned $0.88 EPS. The firm’s revenue was up 27.7% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “MKS Instruments, Inc. to Post FY2017 Earnings of $5.82 Per Share, Dougherty & Co Forecasts (MKSI)” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.americanbankingnews.com/2017/11/02/mks-instruments-inc-to-post-fy2017-earnings-of-5-82-per-share-dougherty-co-forecasts-mksi.html.
Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of MKS Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Stifel Nicolaus reissued 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. Deutsche Bank AG lifted their target price on shares of MKS Instruments from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, KeyCorp reissued an “outperform” rating and set a $100.00 target price on shares of MKS Instruments in a research note on Saturday, September 16th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. MKS Instruments has a consensus rating of “Buy” and a consensus target price of $109.75.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 27th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.66%. This is a boost from MKS Instruments’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, November 24th. MKS Instruments’s dividend payout ratio (DPR) is presently 12.54%.
In other MKS Instruments news, CFO Seth H. Bagshaw sold 7,500 shares of the firm’s stock in a transaction 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 directly owns 21,615 shares in the company, valued at $1,854,567. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total transaction of $158,600.00. Following the completion of the sale, the vice president now owns 15,785 shares of the company’s stock, valued at $1,251,750.50. The disclosure for this sale can be found here. Insiders sold 10,100 shares of company stock valued at $851,885 over the last 90 days. Corporate insiders own 1.65% of the company’s stock.
Large investors have recently bought and sold shares of the business. Riverhead Capital Management LLC grew its holdings in 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 worth $139,000 after purchasing an additional 863 shares during the period. Creative Planning grew its holdings in 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 worth $151,000 after purchasing an additional 416 shares during the period. CAPROCK Group Inc. acquired a new stake in MKS Instruments in the third quarter worth $213,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 worth $167,000 after purchasing an additional 281 shares during the period. Finally, Good Life Advisors LLC acquired a new stake in MKS Instruments in the second quarter worth $203,000. Institutional investors and hedge funds 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.
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