Brokerages Anticipate Keysight Technologies Inc (NYSE:KEYS) Will Post Quarterly Sales of $1.04 Billion
Analysts expect Keysight Technologies Inc (NYSE:KEYS) to announce sales of $1.04 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Keysight Technologies’ earnings, with the lowest sales estimate coming in at $1.03 billion and the highest estimate coming in at $1.06 billion. Keysight Technologies reported sales of $1.00 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. The business is expected to report its next earnings report on Tuesday, August 20th.
On average, analysts expect that Keysight Technologies will report full year sales of $4.22 billion for the current financial year, with estimates ranging from $4.21 billion to $4.23 billion. For the next year, analysts expect that the company will report sales of $4.45 billion, with estimates ranging from $4.41 billion to $4.49 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Keysight Technologies.
Keysight Technologies (NYSE:KEYS) last announced its earnings results on Wednesday, May 29th. The scientific and technical instruments company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.31. Keysight Technologies had a net margin of 6.61% and a return on equity of 27.06%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis.
In other Keysight Technologies news, SVP Mark Pierpoint sold 13,618 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,023,392.70. Following the transaction, the senior vice president now directly owns 47,533 shares in the company, valued at approximately $3,572,104.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Cullen sold 16,268 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $75.50, for a total transaction of $1,228,234.00. Following the transaction, the director now owns 25,361 shares in the company, valued at $1,914,755.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,661 shares of company stock worth $2,660,605. Company insiders own 0.65% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc grew its holdings in Keysight Technologies by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 17,295,881 shares of the scientific and technical instruments company’s stock worth $1,146,370,000 after acquiring an additional 421,861 shares in the last quarter. BlackRock Inc. grew its holdings in Keysight Technologies by 14.0% during the 1st quarter. BlackRock Inc. now owns 14,460,516 shares of the scientific and technical instruments company’s stock worth $1,260,956,000 after acquiring an additional 1,780,298 shares in the last quarter. American Century Companies Inc. grew its holdings in Keysight Technologies by 3.3% during the 4th quarter. American Century Companies Inc. now owns 4,121,035 shares of the scientific and technical instruments company’s stock worth $255,834,000 after acquiring an additional 133,459 shares in the last quarter. Geode Capital Management LLC grew its holdings in Keysight Technologies by 9.9% during the 1st quarter. Geode Capital Management LLC now owns 2,942,975 shares of the scientific and technical instruments company’s stock worth $256,228,000 after acquiring an additional 264,847 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Keysight Technologies by 58.3% during the 1st quarter. AQR Capital Management LLC now owns 2,900,039 shares of the scientific and technical instruments company’s stock worth $251,695,000 after acquiring an additional 1,067,598 shares in the last quarter. Institutional investors own 85.68% of the company’s stock.
Shares of KEYS traded down $0.07 during midday trading on Friday, hitting $83.60. The stock had a trading volume of 66,882 shares, compared to its average volume of 1,845,907. The company has a current ratio of 1.90, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46. The company has a market cap of $15.73 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.12 and a beta of 1.22. Keysight Technologies has a 1 year low of $53.21 and a 1 year high of $93.77.
Keysight Technologies declared that its board has approved a share buyback program on Wednesday, May 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 3.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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