Zacks: Brokerages Anticipate Keysight Technologies Inc (KEYS) Will Announce Earnings of $0.80 Per Share

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Wall Street brokerages expect Keysight Technologies Inc (NYSE:KEYS) to report $0.80 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Keysight Technologies’ earnings. The lowest EPS estimate is $0.79 and the highest is $0.81. Keysight Technologies posted earnings of $0.61 per share in the same quarter last year, which would indicate a positive year over year growth rate of 31.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 29th.

According to Zacks, analysts expect that Keysight Technologies will report full-year earnings of $2.99 per share for the current year, with EPS estimates ranging from $2.97 to $3.01. For the next year, analysts anticipate that the business will report earnings of $3.40 per share, with EPS estimates ranging from $3.35 to $3.44. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Keysight Technologies.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Wednesday, May 30th. The scientific and technical instruments company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. The company had revenue of $999.00 million for the quarter, compared to the consensus estimate of $964.95 million. Keysight Technologies had a return on equity of 19.18% and a net margin of 2.88%. The company’s quarterly revenue was up 31.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 earnings per share.

KEYS has been the subject of a number of research analyst reports. Robert W. Baird reiterated an “outperform” rating and issued a $60.00 target price (up previously from $52.00) on shares of Keysight Technologies in a research note on Thursday, March 8th. Deutsche Bank lifted their target price on shares of Keysight Technologies to $65.00 and gave the company a “buy” rating in a research note on Friday, March 9th. Barclays set a $53.00 target price on shares of Keysight Technologies and gave the company a “buy” rating in a research note on Sunday, March 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $62.00 target price on shares of Keysight Technologies in a research note on Wednesday, March 7th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $60.44.

In related news, SVP Satish Dhanasekaran sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $51.94, for a total value of $103,880.00. Following the completion of the transaction, the senior vice president now owns 21,945 shares in the company, valued at approximately $1,139,823.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark Adam Wallace sold 29,786 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $61.50, for a total transaction of $1,831,839.00. The disclosure for this sale can be found here. Insiders sold 631,786 shares of company stock valued at $37,720,219 in the last quarter. 0.97% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of KEYS. IBM Retirement Fund bought a new position in Keysight Technologies in the 1st quarter worth approximately $217,000. Cambridge Investment Research Advisors Inc. bought a new position in Keysight Technologies in the 1st quarter worth approximately $227,000. Brinker Capital Inc. bought a new position in Keysight Technologies in the 1st quarter worth approximately $229,000. Mission Wealth Management LP bought a new position in Keysight Technologies in the 1st quarter worth approximately $230,000. Finally, ING Groep NV bought a new position in Keysight Technologies in the 4th quarter worth approximately $232,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

Keysight Technologies traded down $0.81, reaching $58.55, during trading on Wednesday, according to MarketBeat.com. 682,300 shares of the company traded hands, compared to its average volume of 1,113,741. The company has a current ratio of 2.30, a quick ratio of 1.67 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 26.26 and a beta of 1.05. Keysight Technologies has a 1-year low of $37.90 and a 1-year high of $62.41.

Keysight Technologies declared that its board has initiated a share repurchase plan on Tuesday, March 6th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Keysight Technologies Company Profile

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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