Wall Street analysts forecast that Keysight Technologies Inc (NYSE:KEYS) will report $1.07 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Keysight Technologies’ earnings, with the lowest sales estimate coming in at $1.07 billion and the highest estimate coming in at $1.08 billion. Keysight Technologies reported sales of $990.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.1%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 29th.
On average, analysts expect that Keysight Technologies will report full-year sales of $4.28 billion for the current year, with estimates ranging from $4.26 billion to $4.31 billion. For the next year, analysts expect that the firm will report sales of $4.58 billion, with estimates ranging from $4.52 billion to $4.68 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Thursday, February 21st. The scientific and technical instruments company reported $0.81 EPS for the quarter, beating the 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 company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $978.22 million.
Several research firms recently commented on KEYS. Zacks Investment Research cut Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. TheStreet raised Keysight Technologies from a “c+” rating to an “a-” rating in a research report on Thursday, February 21st. Deutsche Bank raised their target price on Keysight Technologies to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Credit Suisse Group raised their target price on Keysight Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 22nd. Finally, Dougherty & Co reissued a “sell” rating on shares of Keysight Technologies in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $89.33.
In other Keysight Technologies news, VP John C. Skinner sold 4,671 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $84.61, for a total value of $395,213.31. Following the transaction, the vice president now directly owns 30,377 shares of the company’s stock, valued at $2,570,197.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jay Alexander sold 17,342 shares of the firm’s stock in a transaction dated 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 $6,653,414.40. The disclosure for this sale can be found here. Insiders sold 99,707 shares of company stock worth $8,455,884 over the last three months. Insiders own 0.65% of the company’s stock.
Large investors have recently made changes to their positions in the business. Vanguard Group Inc raised its stake in shares of Keysight Technologies by 2.5% in 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 buying an additional 421,861 shares during the period. BlackRock Inc. raised its stake in shares of Keysight Technologies by 14.0% in the first quarter. BlackRock Inc. now owns 14,460,516 shares of the scientific and technical instruments company’s stock worth $1,260,956,000 after buying an additional 1,780,298 shares during the period. American Century Companies Inc. raised its stake in shares of Keysight Technologies by 3.3% in the fourth quarter. American Century Companies Inc. now owns 4,121,035 shares of the scientific and technical instruments company’s stock worth $255,834,000 after buying an additional 133,459 shares during the period. Geode Capital Management LLC raised its stake in shares of Keysight Technologies by 9.9% in the first quarter. Geode Capital Management LLC now owns 2,942,975 shares of the scientific and technical instruments company’s stock worth $256,228,000 after buying an additional 264,847 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Keysight Technologies by 58.3% in the first quarter. AQR Capital Management LLC now owns 2,900,039 shares of the scientific and technical instruments company’s stock worth $251,695,000 after buying an additional 1,067,598 shares during the period. 89.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Keysight Technologies stock traded down $2.20 during trading on Friday, hitting $73.56. 2,257,216 shares of the company’s stock traded hands, compared to its average volume of 1,756,041. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 1.36. Keysight Technologies has a 1 year low of $52.67 and a 1 year high of $93.77. The stock has a market capitalization of $13.90 billion, a PE ratio of 24.52 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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