Keysight Technologies Inc. (KEYS) Expected to Post Quarterly Sales of $884.43 Million
Wall Street analysts expect that Keysight Technologies Inc. (NYSE:KEYS) will post sales of $884.43 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Keysight Technologies’ earnings, with estimates ranging from $857.71 million to $900.00 million. Keysight Technologies reported sales of $751.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.8%. The business is expected to issue its next earnings results on Thursday, November 16th.
According to Zacks, analysts expect that Keysight Technologies will report full year sales of $884.43 million for the current financial year, with estimates ranging from $3.17 billion to $3.25 billion. For the next financial year, analysts expect that the company will report sales of $3.57 billion per share, with estimates ranging from $3.52 billion to $3.59 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. The business had revenue of $832.00 million during the quarter, compared to analyst estimates of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS.
KEYS has been the subject of several research reports. TheStreet lowered Keysight Technologies from a “b-” rating to a “c” rating in a research note on Thursday, May 18th. Citigroup Inc. initiated coverage on Keysight Technologies in a research report on Tuesday, May 30th. They issued a “buy” rating and a $44.00 price objective for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Keysight Technologies in a research report on Thursday, June 1st. Bank of America Corporation reiterated a “buy” rating and issued a $47.00 price objective on shares of Keysight Technologies in a research report on Friday, June 2nd. Finally, ValuEngine upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $46.60.
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In other news, SVP Michael Gasparian sold 2,677 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $41.66, for a total value of $111,523.82. Following the transaction, the senior vice president now owns 65,926 shares of the company’s stock, valued at $2,746,477.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Skinner sold 15,058 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $40.79, for a total value of $614,215.82. The disclosure for this sale can be found here. In the last three months, insiders sold 425,835 shares of company stock worth $16,381,392. 1.23% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Keysight Technologies by 93.4% during the 1st quarter. Wellington Management Group LLP now owns 5,076,285 shares of the scientific and technical instruments company’s stock valued at $183,456,000 after buying an additional 2,452,119 shares in the last quarter. Spark Investment Management LLC grew its holdings in Keysight Technologies by 37.7% during the 1st quarter. Spark Investment Management LLC now owns 242,900 shares of the scientific and technical instruments company’s stock valued at $8,778,000 after buying an additional 66,500 shares in the last quarter. Morgan Stanley grew its holdings in Keysight Technologies by 101.4% during the 1st quarter. Morgan Stanley now owns 1,077,679 shares of the scientific and technical instruments company’s stock valued at $38,949,000 after buying an additional 542,528 shares in the last quarter. Denali Advisors LLC grew its holdings in Keysight Technologies by 9.7% during the 2nd quarter. Denali Advisors LLC now owns 97,500 shares of the scientific and technical instruments company’s stock valued at $3,796,000 after buying an additional 8,600 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in Keysight Technologies during the 2nd quarter valued at approximately $27,072,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.
Keysight Technologies (NYSE KEYS) opened at 40.70 on Thursday. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 31.05 and a beta of 1.15. Keysight Technologies has a 12-month low of $29.25 and a 12-month high of $43.15. The firm’s 50-day moving average is $41.02 and its 200 day moving average is $38.91.
About Keysight Technologies
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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