Analysts expect that Keysight Technologies Inc (NYSE:KEYS) will announce sales of $977.93 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Keysight Technologies’ earnings. The lowest sales estimate is $974.00 million and the highest is $981.00 million. Keysight Technologies reported sales of $837.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.8%. The firm is expected to report its next quarterly earnings results on Thursday, March 7th.
According to Zacks, analysts expect that Keysight Technologies will report full year sales of $4.18 billion for the current year, with estimates ranging from $4.13 billion to $4.21 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.46 billion, with estimates ranging from $4.34 billion to $4.55 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, November 20th. The scientific and technical instruments company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.12. Keysight Technologies had a net margin of 4.25% and a return on equity of 22.80%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $0.71 EPS. Keysight Technologies’s quarterly revenue was up 19.7% on a year-over-year basis.
Several brokerages have recently commented on KEYS. Deutsche Bank increased their price target on shares of Keysight Technologies from $66.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Credit Suisse Group increased their price target on shares of Keysight Technologies from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. ValuEngine lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Jefferies Financial Group increased their price target on shares of Keysight Technologies to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Finally, Goldman Sachs Group upgraded shares of Keysight Technologies from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Keysight Technologies has an average rating of “Buy” and an average price target of $71.22.
In other news, SVP Ingrid A. Estrada sold 15,462 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $62.26, for a total transaction of $962,664.12. Following the completion of the transaction, the senior vice president now directly owns 92,121 shares of the company’s stock, valued at approximately $5,735,453.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John C. Skinner sold 2,637 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $57.70, for a total transaction of $152,154.90. Following the transaction, the vice president now directly owns 37,755 shares of the company’s stock, valued at $2,178,463.50. The disclosure for this sale can be found here. Insiders have sold a total of 224,508 shares of company stock valued at $13,389,170 over the last ninety days. 0.97% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in KEYS. Spinnaker Trust bought a new position in Keysight Technologies during the 3rd quarter valued at about $201,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Keysight Technologies by 15.3% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 11,300 shares of the scientific and technical instruments company’s stock valued at $749,000 after purchasing an additional 1,500 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its holdings in Keysight Technologies by 3.1% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 87,688 shares of the scientific and technical instruments company’s stock valued at $5,812,000 after purchasing an additional 2,660 shares during the last quarter. Carillon Tower Advisers Inc. lifted its holdings in Keysight Technologies by 70.0% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,313,221 shares of the scientific and technical instruments company’s stock valued at $77,519,000 after purchasing an additional 540,583 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Keysight Technologies by 151.5% during the 2nd quarter. Millennium Management LLC now owns 1,206,271 shares of the scientific and technical instruments company’s stock valued at $71,206,000 after purchasing an additional 726,653 shares during the last quarter. 86.07% of the stock is owned by institutional investors.
Shares of KEYS opened at $58.68 on Friday. Keysight Technologies has a 12 month low of $41.33 and a 12 month high of $70.40. The firm has a market cap of $11.43 billion, a PE ratio of 19.56 and a beta of 1.20. The company has a current ratio of 1.63, a quick ratio of 1.20 and a debt-to-equity ratio of 0.53.
About Keysight Technologies
Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
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