Wall Street analysts expect that Keysight Technologies Inc (NYSE:KEYS) will announce $1.02 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Keysight Technologies’ earnings, with the highest EPS estimate coming in at $1.04 and the lowest estimate coming in at $1.01. Keysight Technologies posted earnings of $0.89 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.6%. The firm is scheduled to report its next quarterly earnings report on Tuesday, August 20th.
According to Zacks, analysts expect that Keysight Technologies will report full-year earnings of $4.23 per share for the current financial year, with EPS estimates ranging from $4.16 to $4.27. For the next fiscal year, analysts expect that the company will post earnings of $4.56 per share, with EPS estimates ranging from $4.46 to $4.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Wednesday, May 29th. The scientific and technical instruments company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.31. Keysight Technologies had a return on equity of 27.06% and a net margin of 6.61%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis.
Several equities analysts have recently commented on KEYS shares. Dougherty & Co reaffirmed a “sell” rating on shares of Keysight Technologies in a research note on Friday, March 1st. Deutsche Bank upped their price target on Keysight Technologies to $100.00 and gave the company a “buy” rating in a research note on Friday, February 22nd. Credit Suisse Group upped their price target on Keysight Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 22nd. Zacks Investment Research raised Keysight Technologies from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Thursday, February 14th. Finally, TheStreet raised Keysight Technologies from a “c+” rating to an “a-” rating in a research note on Thursday, February 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $94.29.
In related news, SVP Mark Pierpoint sold 13,618 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $75.15, for a total value of $1,023,392.70. Following the sale, the senior vice president now owns 47,533 shares in the company, valued at approximately $3,572,104.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Cullen sold 16,268 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $75.50, for a total value of $1,228,234.00. Following the completion of the sale, the director now owns 25,361 shares in the company, valued at approximately $1,914,755.50. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.
Several hedge funds have recently bought and sold shares of KEYS. TIAA CREF Investment Management LLC increased its holdings in Keysight Technologies by 9.9% during the 3rd 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 during the period. Vanguard Group Inc increased its holdings in Keysight Technologies by 2.5% during the 3rd 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 during the period. Advisor Partners LLC purchased a new stake in Keysight Technologies during the 4th quarter worth about $205,000. Oppenheimer Asset Management Inc. purchased a new stake in Keysight Technologies during the 4th quarter worth about $1,140,000. Finally, KBC Group NV increased its holdings in Keysight Technologies by 74.8% during the 4th quarter. KBC Group NV now owns 18,154 shares of the scientific and technical instruments company’s stock worth $1,127,000 after purchasing an additional 7,768 shares during the period. Hedge funds and other institutional investors own 85.68% of the company’s stock.
Shares of Keysight Technologies stock traded down $1.00 during trading hours on Friday, hitting $83.83. The company’s stock had a trading volume of 1,521,558 shares, compared to its average volume of 1,843,378. Keysight Technologies has a twelve month low of $53.21 and a twelve month high of $93.77. The firm has a market cap of $15.77 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 2.17 and a beta of 1.22. The company has a quick ratio of 1.46, a current ratio of 1.90 and a debt-to-equity ratio of 0.46.
Keysight Technologies declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 3.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
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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