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MKS Instruments Up to Strong Buy on Solid Growth Drivers
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On Jan 2, 2017, we issued an updated research report on premium technology company MKS Instruments, Inc. (MKSI - Free Report) .
Post release of robust third-quarter 2016 (Oct 26, 2016) results, this Zacks Rank #1 (Strong Buy) company’s shares recorded a return of 21.60% – outperforming 12.90% returns provided by the Zacks categorized Electronic Manufacturing-Machinery industry.
Why Should You Grab the Stock?
Improving semiconductor and other advanced market trades are expected to drive MKS Instruments’ revenues in the upcoming quarters. The company has also been strategically boosting its financial fundamentals on the back of diligent inorganic expansions. For instance, the Newport Corporation buyout (completed in Apr 2016) has been bolstering the company’s top and bottom line, by fortifying its presence in the Life Sciences, Semiconductor, Research and Industrial markets. The deal is estimated to generate $35 million cost synergies in the next 18–36 months and expand the company’s addressable market roughly by $4.8 billion.
Also, in order to reinforce its overall operational efficacy, MKS Instruments has established a new Combined Targeted Operating Model. This model is aimed at enhancing the company’s profitability by making it more technologically competent in niche markets. In addition, the model has helped the company establish a sound capital deployment scheme to strengthen its balance sheet, increase aggregate liquidity and augment shareholders’ cash returns.
Notably, the stock’s projected earnings per share growth (F1/F0) and sales growth (F1/F0) are currently valued at 31.35% and 58.06%, respectively.
Over the last 60 days, the Zacks Consensus Estimate for the stock moved north for 2017.
Key Picks
Other similarly-ranked stocks in the industry include Applied Optoelectronics, Inc. (AAOI - Free Report) , Coherent, Inc. (COHR - Free Report) and Applied Materials, Inc. (AMAT - Free Report) .
Coherent, Inc.’s average positive earnings surprise is 10.00%, for the trailing four quarters.
Applied Materials, Inc‘s average positive earnings surprise is 4.64% for the last four quarters.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
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MKS Instruments Up to Strong Buy on Solid Growth Drivers
On Jan 2, 2017, we issued an updated research report on premium technology company MKS Instruments, Inc. (MKSI - Free Report) .
Post release of robust third-quarter 2016 (Oct 26, 2016) results, this Zacks Rank #1 (Strong Buy) company’s shares recorded a return of 21.60% – outperforming 12.90% returns provided by the Zacks categorized Electronic Manufacturing-Machinery industry.
Why Should You Grab the Stock?
Improving semiconductor and other advanced market trades are expected to drive MKS Instruments’ revenues in the upcoming quarters. The company has also been strategically boosting its financial fundamentals on the back of diligent inorganic expansions. For instance, the Newport Corporation buyout (completed in Apr 2016) has been bolstering the company’s top and bottom line, by fortifying its presence in the Life Sciences, Semiconductor, Research and Industrial markets. The deal is estimated to generate $35 million cost synergies in the next 18–36 months and expand the company’s addressable market roughly by $4.8 billion.
Also, in order to reinforce its overall operational efficacy, MKS Instruments has established a new Combined Targeted Operating Model. This model is aimed at enhancing the company’s profitability by making it more technologically competent in niche markets. In addition, the model has helped the company establish a sound capital deployment scheme to strengthen its balance sheet, increase aggregate liquidity and augment shareholders’ cash returns.
Notably, the stock’s projected earnings per share growth (F1/F0) and sales growth (F1/F0) are currently valued at 31.35% and 58.06%, respectively.
Over the last 60 days, the Zacks Consensus Estimate for the stock moved north for 2017.
Key Picks
Other similarly-ranked stocks in the industry include Applied Optoelectronics, Inc. (AAOI - Free Report) , Coherent, Inc. (COHR - Free Report) and Applied Materials, Inc. (AMAT - Free Report) .
Applied Optoelectronics, Inc has an average positive earnings surprise of a whopping 106.74% for the last four quarters. You can see the complete list of today’s Zacks Rank #1 stocks here.
Coherent, Inc.’s average positive earnings surprise is 10.00%, for the trailing four quarters.
Applied Materials, Inc‘s average positive earnings surprise is 4.64% for the last four quarters.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>