Brokerages expect that Keysight Technologies Inc (NYSE:KEYS) will post earnings of $0.39 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Keysight Technologies’ earnings. The highest EPS estimate is $0.41 and the lowest is $0.36. Keysight Technologies posted earnings per share of $0.57 during the same quarter last year, which would suggest a negative year over year growth rate of 31.6%. The business is expected to announce its next earnings results after the market closes on Thursday, March 1st.
According to Zacks, analysts expect that Keysight Technologies will report full year earnings of $2.82 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.85. For the next year, analysts forecast that the company will post earnings of $3.13 per share, with EPS estimates ranging from $3.05 to $3.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.12. The firm had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $891.55 million. Keysight Technologies had a net margin of 3.20% and a return on equity of 19.79%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share.
A number of brokerages have recently issued reports on KEYS. Zacks Investment Research cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Deutsche Bank boosted their target price on shares of Keysight Technologies to $55.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $43.00 target price on shares of Keysight Technologies in a research report on Friday, December 8th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Keysight Technologies currently has an average rating of “Buy” and an average target price of $48.50.
Shares of Keysight Technologies (NYSE:KEYS) opened at $45.57 on Tuesday. The stock has a market cap of $8,535.28, a PE ratio of 20.25 and a beta of 1.21. Keysight Technologies has a 52-week low of $35.05 and a 52-week high of $48.03. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.66 and a quick ratio of 1.94.
In related news, insider Ronald S. Nersesian sold 75,314 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $43.06, for a total value of $3,243,020.84. Following the completion of the transaction, the insider now owns 356,816 shares of the company’s stock, valued at $15,364,496.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Stephen D. Williams sold 12,296 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $41.79, for a total value of $513,849.84. The disclosure for this sale can be found here. In the last three months, insiders sold 259,819 shares of company stock valued at $11,483,635. 0.97% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new position in Keysight Technologies in the fourth quarter valued at about $609,000. Sterling Capital Management LLC raised its stake 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 valued at $1,167,000 after purchasing an additional 2,187 shares in the last quarter. DF Dent & Co. Inc. acquired a new position in Keysight Technologies in the fourth quarter valued at about $359,000. MetLife Investment Advisors LLC acquired a new position in Keysight Technologies in the fourth quarter valued at about $4,879,000. Finally, Gotham Asset Management LLC acquired a new position in Keysight Technologies in the fourth quarter valued at about $2,554,000. 88.98% of the stock is owned by institutional investors and hedge funds.
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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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