Brokerages forecast that Keysight Technologies Inc (NYSE:KEYS) will announce earnings of $1.18 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Keysight Technologies’ earnings. The lowest EPS estimate is $1.16 and the highest is $1.20. Keysight Technologies posted earnings per share of $1.01 during the same quarter last year, which suggests a positive year over year growth rate of 16.8%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, November 26th.
According to Zacks, analysts expect that Keysight Technologies will report full year earnings of $4.59 per share for the current financial year, with EPS estimates ranging from $4.57 to $4.60. For the next year, analysts expect that the company will post earnings of $4.92 per share, with EPS estimates ranging from $4.65 to $5.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.22. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.04 billion. Keysight Technologies had a return on equity of 28.65% and a net margin of 7.38%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share.
A number of research analysts have recently commented on the company. Susquehanna Bancshares assumed coverage on Keysight Technologies in a report on Friday, October 18th. They set a “positive” rating and a $115.00 price target on the stock. Bank of America assumed coverage on Keysight Technologies in a report on Monday. They set a “neutral” rating and a $115.00 price target on the stock. ValuEngine lowered Keysight Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Credit Suisse Group reissued an “outperform” rating and set a $110.00 price target (up from $90.00) on shares of Keysight Technologies in a report on Thursday, August 22nd. Finally, Robert W. Baird raised Keysight Technologies from a “neutral” rating to an “outperform” rating and raised their price target for the company from $82.00 to $100.00 in a report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $102.00.
In related news, SVP Jay Alexander sold 18,067 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $94.01, for a total transaction of $1,698,478.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ingrid A. Estrada sold 3,500 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $100.00, for a total value of $350,000.00. Following the transaction, the senior vice president now directly owns 73,159 shares of the company’s stock, valued at approximately $7,315,900. The disclosure for this sale can be found here. Insiders have sold 24,167 shares of company stock valued at $2,299,535 in the last ninety days. Company insiders own 0.65% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Cetera Advisors LLC grew its stake in Keysight Technologies by 169.9% in the third quarter. Cetera Advisors LLC now owns 5,034 shares of the scientific and technical instruments company’s stock valued at $483,000 after acquiring an additional 3,169 shares during the period. Corient Capital Partners LLC boosted its holdings in Keysight Technologies by 14.8% during the third quarter. Corient Capital Partners LLC now owns 6,636 shares of the scientific and technical instruments company’s stock worth $646,000 after buying an additional 855 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Keysight Technologies during the third quarter worth $309,000. AE Wealth Management LLC boosted its holdings in Keysight Technologies by 81.1% during the third quarter. AE Wealth Management LLC now owns 5,965 shares of the scientific and technical instruments company’s stock worth $580,000 after buying an additional 2,672 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in Keysight Technologies by 72.3% during the third quarter. Catalyst Capital Advisors LLC now owns 565 shares of the scientific and technical instruments company’s stock worth $55,000 after buying an additional 237 shares in the last quarter. 87.42% of the stock is owned by institutional investors and hedge funds.
Shares of KEYS traded up $0.76 during trading hours on Thursday, reaching $108.13. 732,527 shares of the company’s stock traded hands, compared to its average volume of 1,697,188. The firm has a market capitalization of $20.14 billion, a price-to-earnings ratio of 36.04, a P/E/G ratio of 2.36 and a beta of 1.27. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.05 and a quick ratio of 1.56. Keysight Technologies has a twelve month low of $53.21 and a twelve month high of $110.00. The business’s fifty day simple moving average is $100.56 and its two-hundred day simple moving average is $91.48.
About Keysight Technologies
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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