$0.83 EPS Expected for Keysight (KEYS) This Quarter

Brokerages forecast that Keysight (NYSE:KEYS) will report earnings per share of $0.83 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Keysight’s earnings, with estimates ranging from $0.82 to $0.86. Keysight posted earnings of $0.64 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.7%. The business is scheduled to announce its next earnings results on Tuesday, June 5th.

On average, analysts expect that Keysight will report full year earnings of $2.97 per share for the current fiscal year, with EPS estimates ranging from $2.93 to $3.00. For the next fiscal year, analysts forecast that the business will post earnings of $3.31 per share, with EPS estimates ranging from $3.30 to $3.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Keysight.

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Keysight (NYSE:KEYS) last announced its earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. The company had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $805.96 million. Keysight had a net margin of 2.64% and a return on equity of 18.19%. Keysight’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 earnings per share.

A number of brokerages have recently issued reports on KEYS. Citigroup boosted their target price on shares of Keysight from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, March 9th. Jefferies Group reaffirmed a “buy” rating and set a $62.00 price objective on shares of Keysight in a research report on Wednesday, March 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Keysight from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Thursday, March 8th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Keysight in a research report on Friday, March 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $52.00 price objective (up previously from $50.00) on shares of Keysight in a research 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 company’s stock. The company has a consensus rating of “Buy” and an average target price of $55.50.

Shares of Keysight stock traded up $0.73 during trading on Thursday, reaching $53.84. The company’s stock had a trading volume of 795,313 shares, compared to its average volume of 864,443. The stock has a market cap of $10,037.70, a PE ratio of 24.14 and a beta of 1.00. Keysight has a 52 week low of $35.05 and a 52 week high of $55.21. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.88 and a current ratio of 2.57.

Keysight announced that its board has authorized a stock buyback program on Tuesday, March 6th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the scientific and technical instruments company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

In other Keysight news, CFO Neil Dougherty sold 6,671 shares of the business’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $51.13, for a total transaction of $341,088.23. Following the completion of the transaction, the chief financial officer now owns 90,195 shares of the company’s stock, valued at $4,611,670.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ingrid A. Estrada sold 43,134 shares of the business’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $52.78, for a total value of $2,276,612.52. Following the transaction, the senior vice president now directly owns 74,213 shares of the company’s stock, valued at approximately $3,916,962.14. The disclosure for this sale can be found here. Insiders have sold 116,049 shares of company stock valued at $6,107,829 in the last ninety days. 0.97% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of KEYS. American Century Companies Inc. raised its stake in Keysight by 52.5% during the fourth quarter. American Century Companies Inc. now owns 7,596,674 shares of the scientific and technical instruments company’s stock worth $316,022,000 after acquiring an additional 2,613,683 shares in the last quarter. CI Investments Inc. acquired a new position in Keysight during the fourth quarter worth about $33,357,000. Carillon Tower Advisers Inc. acquired a new position in Keysight during the fourth quarter worth about $27,106,000. Goldman Sachs Group Inc. raised its stake in Keysight by 74.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 973,095 shares of the scientific and technical instruments company’s stock worth $40,481,000 after acquiring an additional 416,315 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Keysight by 8.3% during the fourth quarter. Victory Capital Management Inc. now owns 4,301,488 shares of the scientific and technical instruments company’s stock worth $178,942,000 after acquiring an additional 328,386 shares in the last quarter. 88.65% of the stock is owned by hedge funds and other institutional investors.

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Keysight Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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