Zacks: Brokerages Anticipate Keysight Technologies Inc. (KEYS) Will Post Quarterly Sales of $860.77 Million
Brokerages expect that Keysight Technologies Inc. (NYSE:KEYS) will report $860.77 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Keysight Technologies’ earnings, with the highest sales estimate coming in at $865.60 million and the lowest estimate coming in at $852.23 million. Keysight Technologies posted sales of $707.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 21.7%. The firm is expected to report its next quarterly earnings report on Wednesday, August 16th.
According to Zacks, analysts expect that Keysight Technologies will report full-year sales of $860.77 million for the current year, with estimates ranging from $3.21 billion to $3.27 billion. For the next financial year, analysts forecast that the company will report sales of $3.59 billion per share, with estimates ranging from $3.56 billion to $3.62 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.12. Keysight Technologies had a return on equity of 22.62% and a net margin of 11.61%. The business had revenue of $758 million for the quarter, compared to analyst estimates of $748.59 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year.
Several equities research analysts recently weighed in on KEYS shares. ValuEngine raised Keysight Technologies from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Citigroup Inc. raised their price objective on Keysight Technologies from $44.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, June 7th. Zacks Investment Research raised Keysight Technologies from a “sell” rating to a “hold” rating in a report on Monday, April 24th. Bank of America Corporation reissued a “buy” rating and set a $47.00 price objective on shares of Keysight Technologies in a report on Friday, June 2nd. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Keysight Technologies in a report on Tuesday, July 4th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $45.90.
Keysight Technologies (NYSE KEYS) opened at 42.84 on Tuesday. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 21.77 and a beta of 1.15. Keysight Technologies has a 52 week low of $26.87 and a 52 week high of $42.98. The stock’s 50 day moving average price is $39.91 and its 200 day moving average price is $38.14.
In other news, SVP Soon Chai Gooi sold 65,986 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $38.70, for a total value of $2,553,658.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles J. Dockendorff acquired 13,210 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was acquired at an average cost of $37.81 per share, for a total transaction of $499,470.10. Following the completion of the purchase, the director now directly owns 51,800 shares in the company, valued at $1,958,558. The disclosure for this purchase can be found here. Insiders sold a total of 461,554 shares of company stock worth $17,749,840 over the last three months. 1.23% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its position in shares of Keysight Technologies by 80.5% in the first quarter. Great West Life Assurance Co. Can now owns 2,016,020 shares of the scientific and technical instruments company’s stock worth $72,742,000 after buying an additional 898,830 shares in the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of Keysight Technologies by 75.9% in the first quarter. Tocqueville Asset Management L.P. now owns 371,277 shares of the scientific and technical instruments company’s stock worth $13,418,000 after buying an additional 160,146 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Keysight Technologies during the first quarter worth approximately $4,290,000. Oregon Public Employees Retirement Fund raised its stake in shares of Keysight Technologies by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 59,917 shares of the scientific and technical instruments company’s stock worth $2,165,000 after buying an additional 800 shares during the last quarter. Finally, First Quadrant L P CA purchased a new stake in shares of Keysight Technologies during the first quarter worth approximately $8,888,000. 87.99% of the stock is currently owned by institutional investors.
Keysight Technologies Company Profile
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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