Equities analysts forecast that Keysight (NYSE:KEYS) will report earnings per share (EPS) of $0.83 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Keysight’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.82. Keysight posted earnings of $0.64 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 29.7%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, May 30th.
According to Zacks, analysts expect that Keysight will report full-year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $3.00. For the next year, analysts anticipate that the firm will post earnings of $3.29 per share, with EPS estimates ranging from $3.25 to $3.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Keysight.
Keysight (NYSE:KEYS) last announced its quarterly earnings data on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $805.96 million. Keysight had a return on equity of 18.19% and a net margin of 2.64%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share.
Several analysts recently commented on the company. Citigroup raised their target price on Keysight from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, March 9th. Deutsche Bank raised their price objective on Keysight to $65.00 and gave the company a “buy” rating in a report on Friday, March 9th. Zacks Investment Research lowered Keysight from a “buy” rating to a “hold” rating in a report on Saturday, March 10th. Robert W. Baird reissued an “outperform” rating and issued a $60.00 price objective (up from $52.00) on shares of Keysight in a report on Thursday, March 8th. Finally, Credit Suisse Group raised their price objective on Keysight from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, March 9th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $55.50.
In other news, SVP Ingrid A. Estrada sold 43,134 shares of Keysight stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 74,213 shares of the company’s stock, valued at $3,916,962.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Satish Dhanasekaran sold 2,000 shares of Keysight stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $51.94, for a total value of $103,880.00. Following the completion of the sale, the senior vice president now directly owns 21,945 shares in the company, valued at $1,139,823.30. The disclosure for this sale can be found here. Insiders sold 116,049 shares of company stock worth $6,107,829 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.
Several large investors have recently modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new stake in Keysight in the fourth quarter valued at $121,000. Cerebellum GP LLC purchased a new stake in Keysight in the fourth quarter valued at $125,000. Robeco Institutional Asset Management B.V. purchased a new stake in Keysight in the fourth quarter valued at $168,000. IBM Retirement Fund purchased a new stake in Keysight in the first quarter valued at $217,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Keysight in the first quarter valued at $227,000. 87.76% of the stock is currently owned by hedge funds and other institutional investors.
Keysight opened at $53.53 on Thursday, MarketBeat reports. The stock has a market cap of $10.16 billion, a P/E ratio of 24.00 and a beta of 1.01. Keysight has a 52 week low of $53.42 and a 52 week high of $53.75. The company has a current ratio of 2.57, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82.
Keysight announced that its Board of Directors has initiated a share buyback program on Tuesday, March 6th that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.
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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