Analysts Expect Keysight Technologies Inc. (KEYS) Will Announce Earnings of $0.65 Per Share

Equities analysts predict that Keysight Technologies Inc. (NYSE:KEYS) will report $0.65 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Keysight Technologies’ earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.64. Keysight Technologies posted earnings per share of $0.64 during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.6%. The company is expected to announce its next quarterly earnings report 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 year, with EPS estimates ranging from $2.45 to $2.47. For the next year, analysts anticipate that the firm will report earnings of $2.70 per share, with EPS estimates ranging from $2.65 to $2.78. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Keysight Technologies.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Wednesday, August 30th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The business had revenue of $832.00 million for the quarter, compared to analyst estimates of $862.38 million. During the same period last year, the business posted $0.63 EPS. Keysight Technologies’s revenue was up 16.4% compared to the same quarter last year.

Several equities analysts recently commented on KEYS shares. Robert W. Baird restated a “buy” rating and issued a $48.00 price target on shares of Keysight Technologies in a research note on Friday, September 1st. Barclays PLC started coverage on shares of Keysight Technologies in a research note on Monday, August 7th. They issued an “overweight” rating and a $50.00 price target on the stock. BidaskClub downgraded shares of Keysight Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. ValuEngine downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, TheStreet upgraded shares of Keysight Technologies from a “c” rating to a “b-” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.11.

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Keysight Technologies (KEYS) traded down 0.23% on Thursday, reaching $42.75. 292,352 shares of the company were exchanged. The stock has a 50 day moving average of $41.31 and a 200 day moving average of $39.66. Keysight Technologies has a 12-month low of $31.32 and a 12-month high of $43.15. The firm has a market capitalization of $7.95 billion, a PE ratio of 32.61 and a beta of 1.15.

In related news, insider Ronald S. Nersesian sold 58,931 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $41.64, for a total value of $2,453,886.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John C. Skinner sold 15,058 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $40.79, for a total transaction of $614,215.82. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Leith Wheeler Investment Counsel Ltd. raised its holdings in Keysight Technologies by 30.8% in the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 53,313 shares of the scientific and technical instruments company’s stock valued at $1,984,000 after buying an additional 12,540 shares during the last quarter. Oak Associates Ltd. OH raised its holdings in Keysight Technologies by 8.7% in the 2nd quarter. Oak Associates Ltd. OH now owns 289,870 shares of the scientific and technical instruments company’s stock valued at $11,285,000 after buying an additional 23,230 shares during the last quarter. WINTON GROUP Ltd raised its holdings in Keysight Technologies by 80.4% in the 2nd quarter. WINTON GROUP Ltd now owns 122,833 shares of the scientific and technical instruments company’s stock valued at $4,782,000 after buying an additional 54,738 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Keysight Technologies by 0.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 424,633 shares of the scientific and technical instruments company’s stock valued at $16,531,000 after buying an additional 1,762 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in Keysight Technologies by 2.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 55,272 shares of the scientific and technical instruments company’s stock valued at $2,152,000 after buying an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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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