$915.42 Million in Sales Expected for Keysight Technologies Inc (NYSE:KEYS) This Quarter

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Analysts forecast that Keysight Technologies Inc (NYSE:KEYS) will report $915.42 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Keysight Technologies’ earnings. The highest sales estimate is $924.50 million and the lowest is $905.00 million. Keysight Technologies posted sales of $1.09 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 16%. The firm is scheduled to issue its next earnings report on Wednesday, August 19th.

According to Zacks, analysts expect that Keysight Technologies will report full-year sales of $4.04 billion for the current fiscal year, with estimates ranging from $3.95 billion to $4.09 billion. For the next financial year, analysts expect that the company will post sales of $4.45 billion, with estimates ranging from $4.28 billion to $4.59 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Keysight Technologies.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.15). The company had revenue of $892.00 million during the quarter, compared to analysts’ expectations of $1.03 billion. Keysight Technologies had a net margin of 14.01% and a return on equity of 26.33%. The company’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 earnings per share.

Several brokerages have recently issued reports on KEYS. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Keysight Technologies in a research report on Tuesday, May 26th. Bank of America decreased their target price on Keysight Technologies from $105.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, May 18th. Susquehanna Bancshares reaffirmed a “buy” rating and set a $130.00 target price on shares of Keysight Technologies in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. raised Keysight Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $112.00 to $127.00 in a research report on Monday, June 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Keysight Technologies has an average rating of “Buy” and a consensus target price of $114.80.

In related news, CFO Neil Dougherty sold 79,374 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $105.24, for a total transaction of $8,353,319.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mark Adam Wallace sold 3,429 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $106.81, for a total value of $366,251.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,241 shares of company stock worth $8,968,247. 0.42% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. increased its stake in Keysight Technologies by 4.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 116,739 shares of the scientific and technical instruments company’s stock worth $11,981,000 after purchasing an additional 4,587 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Keysight Technologies by 16.5% during the fourth quarter. Handelsbanken Fonder AB now owns 165,500 shares of the scientific and technical instruments company’s stock valued at $16,985,000 after buying an additional 23,500 shares during the period. Vestcor Investment Management Corp purchased a new position in shares of Keysight Technologies during the fourth quarter valued at approximately $334,000. Swiss National Bank increased its stake in shares of Keysight Technologies by 22.9% during the first quarter. Swiss National Bank now owns 727,826 shares of the scientific and technical instruments company’s stock valued at $60,904,000 after buying an additional 135,700 shares during the period. Finally, Two Sigma Advisers LP purchased a new position in shares of Keysight Technologies during the first quarter valued at approximately $3,155,000. 86.85% of the stock is currently owned by institutional investors and hedge funds.

NYSE KEYS traded up $1.09 on Wednesday, reaching $101.82. The company had a trading volume of 909,008 shares, compared to its average volume of 1,949,189. The stock has a market capitalization of $18.84 billion, a P/E ratio of 33.06, a P/E/G ratio of 3.38 and a beta of 1.09. The company’s fifty day moving average is $101.65 and its 200 day moving average is $97.43. Keysight Technologies has a 52-week low of $77.93 and a 52-week high of $110.00. The company has a quick ratio of 2.67, a current ratio of 3.47 and a debt-to-equity ratio of 0.62.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation 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 optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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