Equities analysts expect that Keysight Technologies Inc (NYSE:KEYS) will post $0.98 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Keysight Technologies’ earnings, with the lowest EPS estimate coming in at $0.96 and the highest estimate coming in at $1.00. Keysight Technologies posted earnings per share of $0.83 in the same quarter last year, which suggests a positive year over year growth rate of 18.1%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, May 29th.
According to Zacks, analysts expect that Keysight Technologies will report full-year earnings of $3.98 per share for the current fiscal year, with EPS estimates ranging from $3.84 to $4.05. For the next fiscal year, analysts anticipate that the business will post earnings of $4.35 per share, with EPS estimates ranging from $4.11 to $4.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Thursday, February 21st. The scientific and technical instruments company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. Keysight Technologies had a return on equity of 25.15% and a net margin of 4.57%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $978.22 million.
KEYS has been the topic of several analyst reports. Deutsche Bank lifted their target price on Keysight Technologies from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Stifel Nicolaus lifted their target price on Keysight Technologies from $87.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Citigroup raised Keysight Technologies to a “top pick” rating and set a $100.00 target price on the stock in a research report on Friday, February 22nd. Jefferies Financial Group lifted their target price on Keysight Technologies to $100.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, Dougherty & Co reaffirmed a “sell” rating on shares of Keysight Technologies in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $89.33.
In other Keysight Technologies news, SVP Ingrid A. Estrada sold 30,786 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $84.81, for a total value of $2,610,960.66. Following the transaction, the senior vice president now owns 107,445 shares of the company’s stock, valued at $9,112,410.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jay Alexander sold 17,342 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $84.52, for a total value of $1,465,745.84. Following the completion of the transaction, the senior vice president now directly owns 78,720 shares in the company, valued at approximately $6,653,414.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,707 shares of company stock worth $8,455,884. 0.65% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of KEYS. Golden State Wealth Management LLC purchased a new position in Keysight Technologies in the first quarter worth $27,000. Atlas Capital Advisors LLC purchased a new position in Keysight Technologies in the first quarter worth $29,000. Sun Life Financial INC purchased a new position in Keysight Technologies in the fourth quarter worth $32,000. Kaizen Advisory LLC purchased a new position in Keysight Technologies in the fourth quarter worth $32,000. Finally, Liberty Wealth Management LLC purchased a new position in Keysight Technologies in the fourth quarter worth $32,000. 88.55% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies stock traded up $0.80 during mid-day trading on Thursday, reaching $75.36. The stock had a trading volume of 2,342,174 shares, compared to its average volume of 1,738,909. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.82. Keysight Technologies has a fifty-two week low of $52.67 and a fifty-two week high of $93.77. The stock has a market capitalization of $14.13 billion, a PE ratio of 25.12 and a beta of 1.14.
Keysight Technologies Company Profile
Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation 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 optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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