Keysight Technologies, Inc. (NYSE:KEYS) Expected to Announce Earnings of $1.67 Per Share

Equities research analysts predict that Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) will announce earnings per share (EPS) of $1.67 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Keysight Technologies’ earnings. Keysight Technologies reported earnings per share of $1.44 during the same quarter last year, which would suggest a positive year-over-year growth rate of 16%. The company is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Keysight Technologies will report full-year earnings of $7.05 per share for the current fiscal year, with EPS estimates ranging from $6.95 to $7.10. For the next year, analysts expect that the business will report earnings of $7.65 per share, with EPS estimates ranging from $7.40 to $7.93. 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 – Get Rating) last posted its quarterly earnings data on Thursday, February 17th. The scientific and technical instruments company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.10. Keysight Technologies had a return on equity of 29.55% and a net margin of 18.98%. During the same quarter in the previous year, the company posted $1.23 earnings per share.

Several research analysts recently commented on KEYS shares. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $222.00 price target on shares of Keysight Technologies in a research note on Monday, February 7th. Morgan Stanley decreased their price target on shares of Keysight Technologies from $190.00 to $180.00 and set an “equal weight” rating for the company in a research note on Tuesday. Susquehanna reiterated a “buy” rating and issued a $222.00 price target on shares of Keysight Technologies in a report on Monday, February 7th. StockNews.com initiated coverage on Keysight Technologies in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Keysight Technologies from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a report on Friday, March 11th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $202.77.

NYSE:KEYS opened at $147.26 on Thursday. The company has a market cap of $26.80 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 2.61 and a beta of 1.06. Keysight Technologies has a twelve month low of $134.65 and a twelve month high of $209.08. The company has a current ratio of 3.03, a quick ratio of 2.39 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $157.51 and a 200-day simple moving average of $175.36.

In other news, SVP Jeffrey K. Li sold 3,000 shares of the firm’s stock in a transaction on Wednesday, March 30th. The stock was sold at an average price of $162.34, for a total value of $487,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ingrid A. Estrada sold 2,000 shares of the business’s stock in a transaction dated Wednesday, February 23rd. The stock was sold at an average price of $159.62, for a total value of $319,240.00. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of KEYS. Asset Dedication LLC purchased a new stake in Keysight Technologies in the fourth quarter valued at approximately $27,000. Sage Private Wealth Group LLC acquired a new stake in Keysight Technologies during the 3rd quarter valued at approximately $30,000. TAP Consulting LLC purchased a new stake in shares of Keysight Technologies in the 4th quarter valued at $32,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Keysight Technologies in the first quarter worth $36,000. Finally, NuWave Investment Management LLC purchased a new position in shares of Keysight Technologies during the first quarter worth $39,000. 84.87% of the stock is owned by institutional investors and hedge funds.

About Keysight Technologies (Get Rating)

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

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