Brokerages forecast that Keysight Technologies Inc (NYSE:KEYS) will report $965.33 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Keysight Technologies’ earnings, with the highest sales estimate coming in at $970.00 million and the lowest estimate coming in at $957.00 million. Keysight Technologies reported sales of $753.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 28.2%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, June 5th.
According to Zacks, analysts expect that Keysight Technologies will report full year sales of $965.33 million for the current fiscal year. For the next fiscal year, analysts anticipate that the company 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 issued its earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. The firm had revenue of $837.00 million for the quarter, compared to the consensus estimate of $805.96 million. Keysight Technologies had a return on equity of 18.19% and a net margin of 2.64%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS.
Several research analysts recently issued reports on KEYS shares. Stifel Nicolaus reiterated a “hold” rating and set a $43.00 price target on shares of Keysight Technologies in a report on Friday, December 8th. Zacks Investment Research upgraded Keysight Technologies from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, December 13th. Deutsche Bank increased their price target on Keysight Technologies to $55.00 and gave the stock a “buy” rating in a report on Monday, January 29th. ValuEngine upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $54.00 price target (up from $49.50) on shares of Keysight Technologies in a report on Friday, March 2nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $55.50.
In related news, SVP Mark Adam Wallace sold 34,803 shares of Keysight Technologies stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $52.65, for a total value of $1,832,377.95. Following the sale, the senior vice president now owns 171,187 shares of the company’s stock, valued at approximately $9,012,995.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jay Alexander sold 12,922 shares of Keysight Technologies stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $54.67, for a total transaction of $706,445.74. Following the completion of the sale, the senior vice president now directly owns 70,120 shares in the company, valued at approximately $3,833,460.40. The disclosure for this sale can be found here. Insiders have sold a total of 222,387 shares of company stock valued at $10,365,638 in the last quarter. Company insiders own 0.97% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Invictus RG bought a new stake in Keysight Technologies during the 3rd quarter valued at $111,000. SeaCrest Wealth Management LLC bought a new stake in Keysight Technologies during the 4th quarter valued at $121,000. Cerebellum GP LLC bought a new stake in Keysight Technologies during the 4th quarter valued at $125,000. Robeco Institutional Asset Management B.V. bought a new stake in Keysight Technologies during the 4th quarter valued at $168,000. Finally, Financial Counselors Inc. bought a new stake in Keysight Technologies during the 3rd quarter valued at $210,000. 88.66% of the stock is currently owned by institutional investors.
Shares of Keysight Technologies (KEYS) traded up $0.01 on Friday, hitting $53.39. The stock had a trading volume of 2,102,623 shares, compared to its average volume of 890,340. Keysight Technologies has a one year low of $35.05 and a one year high of $55.21. The company has a market cap of $10,180.20, a PE ratio of 113.60 and a beta of 1.14. 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 declared that its board has initiated a share repurchase plan on Tuesday, March 6th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are 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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