Equities research analysts predict that Keysight Technologies Inc. (NYSE:KEYS) will announce earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Keysight Technologies’ earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.63. Keysight Technologies also reported earnings per share of $0.64 during the same quarter last year. The company is scheduled to report its next earnings results on Thursday, November 16th.
According to Zacks, analysts expect that Keysight Technologies will report full-year earnings of $2.46 per share for the current fiscal year, with EPS estimates ranging from $2.44 to $2.47. For the next year, analysts expect that the business will report earnings of $2.68 per share, with EPS estimates ranging from $2.59 to $2.78. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last announced its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.07. The firm had revenue of $832.00 million for the quarter, compared to analysts’ expectations of $862.38 million. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS.
Several analysts have recently issued reports on the stock. BidaskClub lowered shares of Keysight Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine lowered shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Citigroup Inc. restated a “buy” rating and set a $50.00 price target (up from $49.00) on shares of Keysight Technologies in a research report on Friday, September 1st. Robert W. Baird restated a “buy” rating and set a $48.00 price target on shares of Keysight Technologies in a research report on Friday, September 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $40.00 price target on shares of Keysight Technologies in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.60.
In other Keysight Technologies news, SVP Michael Gasparian sold 2,677 shares of Keysight Technologies stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $41.66, for a total transaction of $111,523.82. Following the transaction, the senior vice president now directly owns 65,926 shares of the company’s stock, valued at $2,746,477.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronald S. Nersesian sold 330,451 shares of Keysight Technologies stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $38.29, for a total transaction of $12,652,968.79. The disclosure for this sale can be found here. Insiders have sold 425,835 shares of company stock worth $16,381,392 over the last ninety days. 1.23% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of KEYS. Mckinley Capital Management LLC Delaware purchased a new position in Keysight Technologies during the second quarter worth about $100,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Keysight Technologies by 171.4% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the scientific and technical instruments company’s stock worth $137,000 after purchasing an additional 2,400 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Keysight Technologies during the second quarter worth about $207,000. San Francisco Sentry Investment Group CA raised its stake in Keysight Technologies by 1.7% during the first quarter. San Francisco Sentry Investment Group CA now owns 5,869 shares of the scientific and technical instruments company’s stock worth $212,000 after purchasing an additional 100 shares during the period. Finally, Creative Planning raised its stake in Keysight Technologies by 1.2% during the second quarter. Creative Planning now owns 5,450 shares of the scientific and technical instruments company’s stock worth $212,000 after purchasing an additional 63 shares during the period. 88.07% of the stock is currently owned by institutional investors.
Shares of Keysight Technologies (KEYS) traded up 1.03% during mid-day trading on Tuesday, hitting $41.37. 1,329,827 shares of the stock traded hands. The company has a market cap of $7.70 billion, a P/E ratio of 31.56 and a beta of 1.15. The firm has a 50 day moving average of $40.92 and a 200 day moving average of $38.94. Keysight Technologies has a 12 month low of $29.25 and a 12 month high of $43.15.
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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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