Keysight Technologies (NYSE:KEYS) will be issuing its quarterly earnings data after the market closes on Wednesday, August 21st. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Keysight Technologies has set its Q3 2019 guidance at $0.97-1.05 EPS and its Q3 guidance at $0.97-$1.05 EPS.Parties interested in listening to the company’s conference call can do so using this link.
Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Wednesday, May 29th. The scientific and technical instruments company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.31. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Keysight Technologies had a net margin of 6.61% and a return on equity of 27.06%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. On average, analysts expect Keysight Technologies to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
KEYS opened at $88.47 on Wednesday. The stock has a market capitalization of $16.62 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.25 and a beta of 1.31. The company’s fifty day moving average is $89.24. Keysight Technologies has a fifty-two week low of $53.21 and a fifty-two week high of $94.52. The company has a quick ratio of 1.46, a current ratio of 1.90 and a debt-to-equity ratio of 0.46.
Keysight Technologies declared that its board has authorized a stock buyback plan on Wednesday, May 29th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 3.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
In other Keysight Technologies news, Director James Cullen sold 16,268 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $75.50, for a total transaction of $1,228,234.00. Following the completion of the transaction, the director now owns 25,361 shares in the company, valued at $1,914,755.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Pierpoint sold 13,618 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,023,392.70. Following the transaction, the senior vice president now owns 47,533 shares of the company’s stock, valued at approximately $3,572,104.95. The disclosure for this sale can be found here. Insiders have sold 44,718 shares of company stock valued at $3,645,835 in the last quarter. 0.65% of the stock is owned by company insiders.
Several equities analysts recently weighed in on KEYS shares. Zacks Investment Research raised shares of Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $78.00 target price for the company in a research note on Tuesday, June 4th. Barclays started coverage on shares of Keysight Technologies in a research note on Wednesday, August 7th. They set an “overweight” rating and a $103.00 target price for the company. Goldman Sachs Group cut shares of Keysight Technologies from a “buy” rating to a “neutral” rating and set a $86.00 target price for the company. in a research note on Sunday, July 21st. Deutsche Bank cut their target price on shares of Keysight Technologies from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Finally, Robert W. Baird cut shares of Keysight Technologies from an “outperform” rating to a “neutral” rating and cut their target price for the company from $90.00 to $82.00 in a research note on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $94.33.
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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