Analysts expect Keysight Technologies Inc (NYSE:KEYS) to announce earnings per share (EPS) of $0.79 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Keysight Technologies’ earnings, with estimates ranging from $0.77 to $0.81. Keysight Technologies posted earnings per share of $0.51 during the same quarter last year, which would indicate a positive year over year growth rate of 54.9%. The firm is expected to report its next quarterly earnings report on Thursday, March 7th.
On average, analysts expect that Keysight Technologies will report full year earnings of $3.77 per share for the current fiscal year, with EPS estimates ranging from $3.70 to $3.84. For the next fiscal year, analysts forecast that the firm will report earnings of $4.21 per share, with EPS estimates ranging from $4.15 to $4.29. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.12. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Keysight Technologies’s revenue for the quarter was up 19.7% on a year-over-year basis.
Several research firms have issued reports on KEYS. Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a research note on Thursday, November 29th. ValuEngine upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. TheStreet downgraded shares of Keysight Technologies from an “a-” rating to a “c+” rating in a research note on Tuesday, November 20th. Jefferies Financial Group increased their target price on shares of Keysight Technologies from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Finally, Stifel Nicolaus initiated coverage on shares of Keysight Technologies in a research note on Monday, October 22nd. They set a “buy” rating and a $73.00 target price for the company. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Keysight Technologies currently has a consensus rating of “Buy” and a consensus price target of $71.22.
NYSE KEYS opened at $60.98 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.63 and a quick ratio of 1.20. Keysight Technologies has a 1 year low of $41.33 and a 1 year high of $70.40. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 20.33 and a beta of 1.20.
In related news, CFO Neil Dougherty sold 3,999 shares of the stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $65.57, for a total transaction of $262,214.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Skinner sold 2,637 shares of the stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $57.70, for a total transaction of $152,154.90. Following the transaction, the vice president now directly owns 37,755 shares of the company’s stock, valued at $2,178,463.50. The disclosure for this sale can be found here. Insiders have sold 224,508 shares of company stock valued at $13,389,170 in the last quarter. Insiders own 0.97% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Keysight Technologies by 2.5% during the third quarter. Vanguard Group Inc. now owns 17,295,881 shares of the scientific and technical instruments company’s stock worth $1,146,370,000 after purchasing an additional 421,861 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Keysight Technologies by 6,397.5% during the third quarter. Rehmann Capital Advisory Group now owns 26,445 shares of the scientific and technical instruments company’s stock worth $399,000 after purchasing an additional 26,038 shares in the last quarter. NorthCoast Asset Management LLC purchased a new position in Keysight Technologies during the third quarter worth about $22,552,000. TIAA CREF Investment Management LLC raised its holdings in Keysight Technologies by 9.9% during the third quarter. TIAA CREF Investment Management LLC now owns 562,483 shares of the scientific and technical instruments company’s stock worth $37,281,000 after purchasing an additional 50,570 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in Keysight Technologies by 20.7% during the third quarter. Teachers Advisors LLC now owns 303,521 shares of the scientific and technical instruments company’s stock worth $20,117,000 after purchasing an additional 52,010 shares in the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.
About Keysight Technologies
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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