Zacks: Analysts Anticipate Keysight Technologies, Inc. (NYSE:KEYS) to Post $1.76 EPS

Wall Street brokerages expect that Keysight Technologies, Inc. (NYSE:KEYSGet Rating) will announce $1.76 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Keysight Technologies’ earnings. The lowest EPS estimate is $1.71 and the highest is $1.80. Keysight Technologies posted earnings per share of $1.54 during the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The company is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Keysight Technologies will report full year earnings of $7.07 per share for the current year, with EPS estimates ranging from $6.95 to $7.19. For the next financial year, analysts anticipate that the business will report earnings of $7.67 per share, with EPS estimates ranging from $7.40 to $7.93. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Keysight Technologies.

Keysight Technologies (NYSE:KEYSGet Rating) last released its quarterly earnings results on Tuesday, May 17th. The scientific and technical instruments company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.30 billion. Keysight Technologies had a return on equity of 30.60% and a net margin of 19.90%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 EPS.

Several research firms have commented on KEYS. Robert W. Baird dropped their target price on shares of Keysight Technologies from $198.00 to $166.00 in a research report on Monday, May 16th. Morgan Stanley dropped their target price on shares of Keysight Technologies from $190.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 12th. StockNews.com began coverage on shares of Keysight Technologies in a research report on Thursday, March 31st. They set a “buy” rating on the stock. JPMorgan Chase & Co. dropped their target price on shares of Keysight Technologies from $230.00 to $200.00 in a research report on Wednesday, May 18th. Finally, Zacks Investment Research cut shares of Keysight Technologies from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Monday. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $193.00.

In other news, Director Kevin A. Stephens purchased 1,000 shares of Keysight Technologies stock in a transaction dated Thursday, March 24th. The stock was purchased at an average cost of $158.92 per share, for a total transaction of $158,920.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffrey K. Li sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 30th. The shares were sold at an average price of $162.34, for a total transaction of $487,020.00. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in shares of Keysight Technologies by 2.5% during the 1st quarter. Advisory Services Network LLC now owns 19,893 shares of the scientific and technical instruments company’s stock valued at $3,142,000 after purchasing an additional 481 shares in the last quarter. EP Wealth Advisors LLC grew its position in Keysight Technologies by 3.0% in the first quarter. EP Wealth Advisors LLC now owns 264,615 shares of the scientific and technical instruments company’s stock worth $41,801,000 after acquiring an additional 7,669 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Keysight Technologies in the first quarter worth $14,377,000. Walleye Capital LLC purchased a new position in Keysight Technologies in the first quarter worth $210,000. Finally, Virtu Financial LLC purchased a new position in Keysight Technologies in the first quarter worth $786,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

KEYS stock traded down $1.40 during mid-day trading on Wednesday, reaching $137.45. 935,340 shares of the company traded hands, compared to its average volume of 1,177,349. The stock has a market cap of $25.01 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 2.48 and a beta of 1.08. The company has a quick ratio of 2.39, a current ratio of 2.86 and a debt-to-equity ratio of 0.47. Keysight Technologies has a fifty-two week low of $127.93 and a fifty-two week high of $209.08. The firm’s 50 day moving average price is $147.39 and its 200 day moving average price is $169.07.

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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