Equities research analysts predict that Keysight Technologies Inc (NYSE:KEYS) will post $965.33 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Keysight Technologies’ earnings, with estimates ranging from $957.00 million to $970.00 million. Keysight Technologies posted sales of $753.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.2%. The business is expected to issue its next earnings results on Tuesday, June 5th.
According to Zacks, analysts expect that Keysight Technologies will report full-year sales of $965.33 million for the current financial year. For the next fiscal year, analysts expect that the business will post sales of $3.94 billion per share, with estimates ranging from $3.91 billion to $3.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.19. Keysight Technologies had a net margin of 2.64% and a return on equity of 18.19%. The firm had revenue of $837.00 million during the quarter, compared to the consensus estimate of $805.96 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The company’s revenue was up 15.3% on a year-over-year basis.
KEYS has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 price target on shares of Keysight Technologies in a research note on Friday, December 8th. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday, December 13th. Deutsche Bank lifted their price target on shares of Keysight Technologies to $55.00 and gave the company a “buy” rating in a research note on Monday, January 29th. ValuEngine raised shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $54.00 price target (up previously from $49.50) on shares of Keysight Technologies in a research note on Friday, March 2nd. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Keysight Technologies has an average rating of “Buy” and a consensus price target of $55.50.
In related news, insider Ronald S. Nersesian sold 162,366 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $45.04, for a total transaction of $7,312,964.64. Following the transaction, the insider now directly owns 517,674 shares of the company’s stock, valued at $23,316,036.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Stephen D. Williams sold 12,296 shares of Keysight Technologies stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $41.79, for a total transaction of $513,849.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,465 shares of company stock worth $9,659,192. 0.97% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new position in Keysight Technologies in the fourth quarter worth $609,000. Sterling Capital Management LLC grew its holdings in Keysight Technologies by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 28,056 shares of the scientific and technical instruments company’s stock worth $1,167,000 after purchasing an additional 2,187 shares during the last quarter. DF Dent & Co. Inc. purchased a new position in Keysight Technologies in the fourth quarter worth $359,000. MetLife Investment Advisors LLC purchased a new position in Keysight Technologies in the fourth quarter worth $4,879,000. Finally, Gotham Asset Management LLC purchased a new position in Keysight Technologies in the fourth quarter worth $2,554,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies (KEYS) traded down $0.29 during trading on Friday, hitting $53.58. 966,369 shares of the stock traded hands, compared to its average volume of 862,623. The company has a quick ratio of 1.88, a current ratio of 2.57 and a debt-to-equity ratio of 0.82. Keysight Technologies has a 1 year low of $35.05 and a 1 year high of $55.21. The company has a market capitalization of $10,090.00, a P/E ratio of -49.56 and a beta of 1.19.
Keysight Technologies declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 6th that allows the company to buyback $350.00 million in outstanding shares. This buyback authorization allows the scientific and technical instruments company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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About Keysight Technologies
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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