Keysight Technologies Inc (NYSE:KEYS) Expected to Post Quarterly Sales of $1.02 Billion

Wall Street brokerages forecast that Keysight Technologies Inc (NYSE:KEYS) will report sales of $1.02 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Keysight Technologies’ earnings, with estimates ranging from $996.82 million to $1.04 billion. 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 6.4%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, May 26th.

According to Zacks, analysts expect that Keysight Technologies will report full-year sales of $4.25 billion for the current year, with estimates ranging from $4.13 billion to $4.38 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.73 billion, with estimates ranging from $4.50 billion to $4.97 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Keysight Technologies.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Monday, February 24th. The scientific and technical instruments company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.28. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Keysight Technologies had a net margin of 15.26% and a return on equity of 29.65%. Keysight Technologies’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share.

KEYS has been the subject of a number of analyst reports. ValuEngine raised shares of Keysight Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Bank of America lowered their price objective on Keysight Technologies from $105.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday, May 18th. Susquehanna Bancshares reissued a “buy” rating and issued a $127.00 target price on shares of Keysight Technologies in a research note on Sunday, May 3rd. JPMorgan Chase & Co. began coverage on Keysight Technologies in a report on Tuesday, April 14th. They set a “neutral” rating and a $112.00 price target for the company. Finally, Deutsche Bank upped their price target on shares of Keysight Technologies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Keysight Technologies has a consensus rating of “Buy” and a consensus price target of $109.82.

KEYS traded up $2.07 during trading on Monday, reaching $102.06. The stock had a trading volume of 1,528,741 shares, compared to its average volume of 1,435,602. The company has a current ratio of 3.39, a quick ratio of 2.64 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $18.74 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 2.50 and a beta of 1.09. The stock’s 50 day moving average is $94.46 and its two-hundred day moving average is $97.98. Keysight Technologies has a one year low of $71.03 and a one year high of $110.00.

Institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in Keysight Technologies by 0.5% in the 1st quarter. State Street Corp now owns 7,821,212 shares of the scientific and technical instruments company’s stock worth $654,479,000 after acquiring an additional 35,949 shares in the last quarter. FMR LLC raised its position in shares of Keysight Technologies by 13.9% during the 4th quarter. FMR LLC now owns 5,540,628 shares of the scientific and technical instruments company’s stock valued at $568,635,000 after purchasing an additional 677,945 shares during the period. JPMorgan Chase & Co. boosted its holdings in Keysight Technologies by 1.0% in the 1st quarter. JPMorgan Chase & Co. now owns 4,863,942 shares of the scientific and technical instruments company’s stock worth $407,014,000 after buying an additional 48,296 shares during the period. Nuveen Asset Management LLC increased its stake in Keysight Technologies by 9.5% in the 4th quarter. Nuveen Asset Management LLC now owns 3,867,190 shares of the scientific and technical instruments company’s stock worth $396,890,000 after buying an additional 335,846 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Keysight Technologies by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,114,136 shares of the scientific and technical instruments company’s stock valued at $319,040,000 after acquiring an additional 62,105 shares during the period. 90.07% of the stock is currently owned by institutional investors.

Keysight Technologies Company Profile

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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Earnings History and Estimates for Keysight Technologies (NYSE:KEYS)

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