Keysight Technologies Inc. (KEYS) Set to Announce Quarterly Earnings on Tuesday
Keysight Technologies Inc. (NYSE:KEYS) will release its earnings data after the market closes on Tuesday, August 15th. Analysts expect Keysight Technologies to post earnings of $0.59 per share for the quarter. Keysight Technologies has set its Q3 guidance at $0.51-0.65 EPS.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, June 6th. The scientific and technical instruments company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.12. The firm had revenue of $758 million during the quarter, compared to analyst estimates of $748.59 million. Keysight Technologies had a return on equity of 22.62% and a net margin of 11.61%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. On average, analysts expect Keysight Technologies to post $2.47 EPS for the current fiscal year and $2.65 EPS for the next fiscal year.
Shares of Keysight Technologies Inc. (KEYS) opened at 42.84 on Tuesday. The firm’s 50-day moving average price is $39.91 and its 200-day moving average price is $38.14. Keysight Technologies Inc. has a one year low of $26.87 and a one year high of $42.98. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 21.77 and a beta of 1.15.
In other news, Director Charles J. Dockendorff acquired 13,210 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was bought at an average cost of $37.81 per share, for a total transaction of $499,470.10. Following the acquisition, the director now directly owns 51,800 shares in the company, valued at $1,958,558. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Gasparian sold 5,353 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $41.51, for a total transaction of $222,203.03. Following the completion of the sale, the senior vice president now directly owns 68,602 shares of the company’s stock, valued at approximately $2,847,669.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 461,554 shares of company stock valued at $17,749,840. 1.23% of the stock is owned by company insiders.
KEYS has been the subject of several recent research reports. Barclays PLC initiated coverage on shares of Keysight Technologies in a report on Monday. They set an “overweight” rating and a $50.00 target price for the company. Credit Suisse Group initiated coverage on shares of Keysight Technologies in a report on Monday, May 8th. They set an “outperform” rating and a $44.00 target price for the company. Zacks Investment Research lowered shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 21st. Stifel Nicolaus lifted their target price on shares of Keysight Technologies from $36.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, June 7th. Finally, TheStreet lowered shares of Keysight Technologies from a “b-” rating to a “c” rating in a report on Thursday, May 18th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Keysight Technologies has a consensus rating of “Buy” and an average price target of $45.90.
About Keysight Technologies
Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.
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