MKS Instruments (MKSI) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.72 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.24. Analysts had a consensus of $0.48. The company posted revenue of $325.90 million in the period, compared to analysts expectations of $288.62 million. The company’s revenue was up 49.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Many Wall Street Analysts have commented on MKS Instruments. Company shares were Reiterated by Dougherty & Company on Jun 13, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .Company shares were Reiterated by Stifel on May 12, 2016 to “Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $43 .Company shares were Reiterated by Dougherty & Company on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .
MKS Instruments closed down -0.84 points or -1.75% at $47.16 with 15,62,727 shares getting traded on Thursday. Post opening the session at $51.5, the shares hit an intraday low of $46.66 and an intraday high of $54.725 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 13, 2016, Peter Hanley (director) sold 2,000 shares at $41.29 per share price. According to the SEC, on Jun 9, 2016, John R Abrams (Sr. VP, Global Sales & Service) sold 3,498 shares at $42.00 per share price. On May 17, 2016, Brian Charles Quirk (Sr. VP, Global Operations) sold 1,000 shares at $36.25 per share price, according to the Form-4 filing with the securities and exchange commission.
MKS Instruments Inc. (MKS) is a provider of instruments subsystems and process control solutions that measures controls powers monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates in four segments: Advanced Manufacturing Capital Equipment; Analytical Solutions Group; Europe Region Sales & Service and Asia Region Sales & Service. The Advanced Manufacturing Capital Equipment segment includes the development manufacture sales and servicing of instruments and control products power and reactive gas products materials delivery products and vacuum products. The Analytical Solutions Group includes gas composition analysis information technology products and custom fabrication services. The Europe and Asia region sales and service segments resell and service the Advanced Manufacturing Capital Equipment and Analytical Solutions Group products sold into their respective regions.