$1.07 Billion in Sales Expected for Keysight Technologies Inc (KEYS) This Quarter

Equities research analysts expect that Keysight Technologies Inc (NYSE:KEYS) will announce sales of $1.07 billion for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Keysight Technologies’ earnings. The lowest sales estimate is $1.07 billion and the highest is $1.08 billion. Keysight Technologies posted sales of $990.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.1%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, May 29th.

On average, analysts expect that Keysight Technologies will report full-year sales of $4.28 billion for the current year, with estimates ranging from $4.26 billion to $4.31 billion. For the next financial year, analysts expect that the firm will report sales of $4.58 billion, with estimates ranging from $4.52 billion to $4.68 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Keysight Technologies.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Thursday, February 21st. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.22 million. Keysight Technologies had a net margin of 4.57% and a return on equity of 25.15%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. TheStreet raised shares of Keysight Technologies from a “c+” rating to an “a-” rating in a research report on Thursday, February 21st. Deutsche Bank boosted their target price on shares of Keysight Technologies to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Credit Suisse Group boosted their target price on shares of Keysight Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 22nd. Finally, Dougherty & Co reissued a “sell” rating on shares of Keysight Technologies in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Keysight Technologies has an average rating of “Buy” and an average price target of $89.33.

In other Keysight Technologies news, SVP Mark Adam Wallace sold 4,775 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $85.65, for a total value of $408,978.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John C. Skinner sold 4,671 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $84.61, for a total transaction of $395,213.31. Following the completion of the sale, the vice president now directly owns 30,377 shares of the company’s stock, valued at $2,570,197.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,707 shares of company stock valued at $8,455,884. 0.65% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust grew its position in Keysight Technologies by 41.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 527 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 154 shares in the last quarter. Securian Asset Management Inc grew its position in Keysight Technologies by 0.9% in the 1st quarter. Securian Asset Management Inc now owns 19,454 shares of the scientific and technical instruments company’s stock worth $1,696,000 after purchasing an additional 175 shares in the last quarter. Dean Investment Associates LLC grew its position in Keysight Technologies by 1.0% in the 4th quarter. Dean Investment Associates LLC now owns 18,332 shares of the scientific and technical instruments company’s stock worth $1,138,000 after purchasing an additional 183 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Keysight Technologies by 1.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 15,632 shares of the scientific and technical instruments company’s stock valued at $970,000 after acquiring an additional 201 shares during the period. Finally, Mission Wealth Management LP grew its position in shares of Keysight Technologies by 4.0% during the 1st quarter. Mission Wealth Management LP now owns 6,105 shares of the scientific and technical instruments company’s stock valued at $532,000 after acquiring an additional 233 shares during the period. 89.44% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:KEYS traded up $0.13 during midday trading on Friday, hitting $73.69. 1,231,388 shares of the company’s stock were exchanged, compared to its average volume of 1,736,223. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 1.36. The company has a market cap of $13.85 billion, a PE ratio of 24.56 and a beta of 1.14. Keysight Technologies has a 12 month low of $52.67 and a 12 month high of $93.77.

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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