DA Davidson Comments on MKS Instruments, Inc.’s Q3 2017 Earnings (MKSI)
MKS Instruments, Inc. (NASDAQ:MKSI) – Stock analysts at DA Davidson lifted their Q3 2017 earnings per share (EPS) estimates for shares of MKS Instruments in a research note issued to investors 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 estimate 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.
Several other research firms have also recently weighed in on MKSI. BidaskClub cut shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Deutsche Bank AG started coverage on shares of MKS Instruments in a research report on Wednesday, July 5th. They set a “buy” rating and a $84.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating on shares of MKS Instruments in a research report on Sunday, October 1st. Finally, KeyCorp reiterated an “outperform” rating and set a $100.00 price objective on shares of MKS Instruments in a research report on Saturday, September 16th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. MKS Instruments has an average rating of “Buy” and a consensus price target of $88.20.
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MKS Instruments (NASDAQ MKSI) opened at 95.15 on Thursday. The stock’s 50 day moving average is $86.31 and its 200-day moving average is $78.47. MKS Instruments has a 12 month low of $46.51 and a 12 month high of $96.65. The company has a market capitalization of $5.16 billion, a PE ratio of 19.77 and a beta of 1.13.
MKS Instruments (NASDAQ:MKSI) last announced its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.41. The company had revenue of $481.00 million for 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%. The business’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share.
A number of large investors have recently bought and sold shares of MKSI. 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. 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. Good Life Advisors LLC acquired a new stake in MKS Instruments in the second quarter worth $203,000. Finally, Suntrust Banks Inc. acquired a new stake in MKS Instruments in the first quarter worth $209,000. Institutional investors and hedge funds own 95.38% of the company’s stock.
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, Director Peter Hanley sold 1,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $83.22, for a total transaction of $83,220.00. Following the completion of the sale, the director now owns 3,372 shares of the company’s stock, valued at $280,617.84. The disclosure for this sale can be found here. Insiders sold 11,100 shares of company stock valued at $935,105 over the last 90 days. Corporate insiders own 1.65% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 28th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, August 24th. MKS Instruments’s payout ratio is 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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