Brokerages Expect Keysight Technologies Inc. (KEYS) Will Post Earnings of $0.53 Per Share

Equities research analysts expect Keysight Technologies Inc. (NYSE:KEYS) to report earnings per share (EPS) of $0.53 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Keysight Technologies’ earnings. The highest EPS estimate is $0.56 and the lowest is $0.51. Keysight Technologies reported earnings of $0.60 per share during the same quarter last year, which would indicate a negative year over year growth rate of 11.7%. The company is scheduled to report its next earnings results on Wednesday, August 16th.

According to Zacks, analysts expect that Keysight Technologies will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.07 to $2.18. For the next year, analysts anticipate that the firm will post earnings of $2.29 per share. Zacks’ earnings per share averages 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 results on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.12. The business had revenue of $758 million for the quarter, compared to the consensus estimate of $748.59 million. Keysight Technologies had a return on equity of 22.62% and a net margin of 11.61%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share.

A number of equities research analysts have issued reports on the stock. Barclays PLC began coverage on shares of Keysight Technologies in a report on Monday. They set an “overweight” rating and a $50.00 target price on the stock. Jefferies Group LLC restated a “buy” rating and set a $50.00 price target on shares of Keysight Technologies in a research report on Friday, July 21st. BidaskClub upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Wells Fargo & Company restated an “outperform” rating on shares of Keysight Technologies in a research report on Tuesday, July 4th. Finally, Zacks Investment Research lowered shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $45.90.

In other Keysight Technologies news, SVP Ingrid A. Estrada sold 18,130 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $37.26, for a total transaction of $675,523.80. Following the completion of the sale, the senior vice president now directly owns 61,140 shares in the company, valued at $2,278,076.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Michael Gasparian sold 27,294 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $39.75, for a total transaction of $1,084,936.50. Following the sale, the senior vice president now owns 73,297 shares of the company’s stock, valued at $2,913,555.75. The disclosure for this sale can be found here. Insiders sold 461,554 shares of company stock valued at $17,749,840 over the last quarter. 1.23% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of KEYS. Wellington Management Group LLP raised its stake in Keysight Technologies by 93.4% in the first 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 during the last quarter. Spark Investment Management LLC raised its stake in Keysight Technologies by 37.7% in the first 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 during the last quarter. Denali Advisors LLC raised its stake in Keysight Technologies by 9.7% in the second 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 during the last quarter. Morgan Stanley raised its stake in Keysight Technologies by 101.4% in the first 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 during the last quarter. Finally, Quantbot Technologies LP raised its stake in Keysight Technologies by 2,149.2% in the first quarter. Quantbot Technologies LP now owns 21,907 shares of the scientific and technical instruments company’s stock valued at $791,000 after buying an additional 20,933 shares during the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

Shares of Keysight Technologies (NYSE:KEYS) opened at 42.75 on Friday. The company’s 50-day moving average price is $40.36 and its 200-day moving average price is $38.22. The firm has a market cap of $7.92 billion, a P/E ratio of 21.72 and a beta of 1.15. Keysight Technologies has a 12 month low of $26.87 and a 12 month high of $43.15.

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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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