Q3 2017 Earnings Forecast for MKS Instruments, Inc. Issued By DA Davidson (NASDAQ:MKSI)

MKS Instruments, Inc. (NASDAQ:MKSI) – Analysts at DA Davidson upped their Q3 2017 EPS estimates for MKS Instruments in a research report issued to clients and investors on Wednesday. DA Davidson analyst T. Diffely now anticipates that the scientific and technical instruments company will post earnings per share of $1.45 for the quarter, up from their prior forecast of $1.08. DA Davidson also issued estimates for MKS Instruments’ Q4 2017 earnings at $1.36 EPS, FY2017 earnings at $5.50 EPS, Q4 2018 earnings at $1.48 EPS and FY2018 earnings at $5.90 EPS.

MKS Instruments (NASDAQ:MKSI) last posted its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.41. The business had revenue of $481 million during the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.72 earnings per share.

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MKSI has been the topic of a number of other research reports. BidaskClub cut shares of MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Dougherty & Co reissued a “buy” rating and issued a $100.00 target price (up previously from $86.00) on shares of MKS Instruments in a research note on Friday, April 28th. Deutsche Bank AG initiated coverage on shares of MKS Instruments in a research note on Wednesday, July 5th. They issued a “buy” rating and a $84.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 target price (up previously from $71.00) on shares of MKS Instruments in a research note on Friday, April 28th. Finally, ValuEngine raised shares of MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $84.00.

MKS Instruments (NASDAQ MKSI) opened at 83.65 on Monday. MKS Instruments has a 52 week low of $44.82 and a 52 week high of $88.40. The firm has a 50-day moving average price of $75.53 and a 200-day moving average price of $72.40. The firm has a market capitalization of $4.53 billion, a P/E ratio of 17.38 and a beta of 1.03.

In other MKS Instruments news, CEO Gerard G. Colella sold 2,500 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $79.30, for a total transaction of $198,250.00. Following the sale, the chief executive officer now directly owns 5,025 shares of the company’s stock, valued at $398,482.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter Hanley sold 1,000 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $83.22, for a total transaction of $83,220.00. Following the sale, the director now directly owns 3,372 shares in the company, valued at $280,617.84. The disclosure for this sale can be found here. Insiders have sold 14,410 shares of company stock worth $1,158,335 over the last ninety days. Insiders own 1.65% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Sawgrass Asset Management LLC boosted its stake in shares of MKS Instruments by 16.6% in the first quarter. Sawgrass Asset Management LLC now owns 16,410 shares of the scientific and technical instruments company’s stock valued at $1,128,000 after buying an additional 2,340 shares in the last quarter. First Mercantile Trust Co. boosted its stake in shares of MKS Instruments by 29.2% in the first quarter. First Mercantile Trust Co. now owns 6,374 shares of the scientific and technical instruments company’s stock valued at $438,000 after buying an additional 1,439 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in shares of MKS Instruments by 87.1% in the first quarter. Sit Investment Associates Inc. now owns 29,850 shares of the scientific and technical instruments company’s stock valued at $2,052,000 after buying an additional 13,900 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of MKS Instruments by 2.2% in the first quarter. Fisher Asset Management LLC now owns 737,664 shares of the scientific and technical instruments company’s stock valued at $50,714,000 after buying an additional 15,968 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of MKS Instruments by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 5,970 shares of the scientific and technical instruments company’s stock valued at $410,000 after buying an additional 140 shares in the last quarter. 98.36% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for MKS Instruments (NASDAQ:MKSI)

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