Keysight Technologies Inc (KEYS) Expected to Post Quarterly Sales of $806.67 Million

Wall Street analysts expect Keysight Technologies Inc (NYSE:KEYS) to post sales of $806.67 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Keysight Technologies’ earnings, with estimates ranging from $800.00 million to $810.00 million. Keysight Technologies reported sales of $726.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The business is scheduled to issue its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Keysight Technologies will report full year sales of $806.67 million for the current financial year, with estimates ranging from $3.56 billion to $3.63 billion. For the next fiscal year, analysts expect that the business will post sales of $3.82 billion per share, with estimates ranging from $3.76 billion to $3.88 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 earnings results on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.12. Keysight Technologies had a return on equity of 19.79% and a net margin of 3.20%. The business had revenue of $878.00 million for the quarter, compared to analyst estimates of $891.55 million. During the same quarter last year, the company earned $0.64 EPS. The business’s quarterly revenue was up 16.9% on a year-over-year basis.

KEYS has been the topic of several research analyst reports. TheStreet raised Keysight Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, October 17th. BidaskClub upgraded Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Robert W. Baird restated a “buy” rating and set a $48.00 price target on shares of Keysight Technologies in a research note on Friday, October 6th. Jefferies Group restated a “buy” rating and set a $52.00 price target on shares of Keysight Technologies in a research note on Friday, October 20th. Finally, Zacks Investment Research upgraded Keysight Technologies from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Wednesday, December 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.60.

In other Keysight Technologies news, insider Ronald S. Nersesian sold 162,366 shares of Keysight Technologies stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.04, for a total value of $7,312,964.64. Following the transaction, the insider now directly owns 517,674 shares in the company, valued at approximately $23,316,036.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Stephen D. Williams sold 12,296 shares of Keysight Technologies stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $41.79, for a total value of $513,849.84. The disclosure for this sale can be found here. Insiders have sold a total of 259,819 shares of company stock worth $11,483,635 in the last 90 days. 1.23% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN grew its stake in shares of Keysight Technologies by 327.0% in the 2nd quarter. Wells Fargo & Company MN now owns 533,505 shares of the scientific and technical instruments company’s stock valued at $20,769,000 after purchasing an additional 408,576 shares during the last quarter. Keybank National Association OH grew its stake in shares of Keysight Technologies by 12.2% in the 3rd quarter. Keybank National Association OH now owns 34,022 shares of the scientific and technical instruments company’s stock valued at $1,417,000 after purchasing an additional 3,704 shares during the last quarter. Flinton Capital Management LLC grew its stake in shares of Keysight Technologies by 33.7% in the 2nd quarter. Flinton Capital Management LLC now owns 13,088 shares of the scientific and technical instruments company’s stock valued at $509,000 after purchasing an additional 3,296 shares during the last quarter. Chartwell Investment Partners LLC grew its stake in shares of Keysight Technologies by 4.7% in the 3rd quarter. Chartwell Investment Partners LLC now owns 99,542 shares of the scientific and technical instruments company’s stock valued at $4,146,000 after purchasing an additional 4,462 shares during the last quarter. Finally, Underhill Investment Management LLC purchased a new position in shares of Keysight Technologies in the 3rd quarter valued at approximately $5,905,000. Institutional investors own 88.28% of the company’s stock.

Shares of Keysight Technologies (NYSE KEYS) traded up $0.56 during midday trading on Friday, hitting $46.33. The stock had a trading volume of 732,060 shares, compared to its average volume of 559,289. The company has a quick ratio of 1.94, a current ratio of 2.66 and a debt-to-equity ratio of 0.88. Keysight Technologies has a 1-year low of $35.05 and a 1-year high of $46.43. The firm has a market cap of $8,572.00, a price-to-earnings ratio of 77.22 and a beta of 1.12.

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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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