Equities research analysts forecast that Keysight Technologies Inc (NYSE:KEYS) will report sales of $959.00 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Keysight Technologies’ earnings, with the lowest sales estimate coming in at $958.00 million and the highest estimate coming in at $960.00 million. Keysight Technologies reported sales of $832.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.3%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, August 21st.

According to Zacks, analysts expect that Keysight Technologies will report full-year sales of $3.78 billion for the current fiscal year, with estimates ranging from $3.78 billion to $3.79 billion. For the next financial year, analysts anticipate that the company will report sales of $4.00 billion per share, with estimates ranging from $3.98 billion to $4.03 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Keysight Technologies.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Wednesday, May 30th. The scientific and technical instruments company reported $0.83 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.83. Keysight Technologies had a return on equity of 19.18% and a net margin of 2.88%. The company had revenue of $999.00 million during the quarter, compared to analysts’ expectations of $964.95 million. During the same period last year, the firm posted $0.64 earnings per share. The business’s revenue was up 31.8% on a year-over-year basis.

KEYS has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Keysight Technologies from $62.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, July 18th. Zacks Investment Research raised Keysight Technologies from a “sell” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Wednesday, June 6th. Barclays set a $58.00 price objective on Keysight Technologies and gave the company a “buy” rating in a research report on Thursday, May 31st. Deutsche Bank raised their price objective on Keysight Technologies from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, May 31st. Finally, Credit Suisse Group increased their target price on Keysight Technologies from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, May 31st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $61.44.

In other news, insider Ronald S. Nersesian sold 300,000 shares of the stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $59.64, for a total transaction of $17,892,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ronald S. Nersesian sold 250,000 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $59.40, for a total value of $14,850,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 629,786 shares of company stock worth $37,616,339. 0.97% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Hudson Capital Management LLC increased its stake in Keysight Technologies by 4.8% during the 2nd quarter. Hudson Capital Management LLC now owns 19,227 shares of the scientific and technical instruments company’s stock worth $1,135,000 after acquiring an additional 885 shares during the period. Stratos Wealth Partners LTD. increased its stake in Keysight Technologies by 26.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 5,299 shares of the scientific and technical instruments company’s stock worth $278,000 after acquiring an additional 1,104 shares during the period. KCM Investment Advisors LLC increased its stake in Keysight Technologies by 14.6% during the 1st quarter. KCM Investment Advisors LLC now owns 8,693 shares of the scientific and technical instruments company’s stock worth $455,000 after acquiring an additional 1,109 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in Keysight Technologies by 27.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,722 shares of the scientific and technical instruments company’s stock worth $338,000 after acquiring an additional 1,216 shares during the period. Finally, Arizona State Retirement System increased its stake in Keysight Technologies by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 129,761 shares of the scientific and technical instruments company’s stock worth $7,660,000 after acquiring an additional 1,237 shares during the period. Hedge funds and other institutional investors own 87.37% of the company’s stock.

KEYS opened at $59.79 on Tuesday. Keysight Technologies has a 12-month low of $39.21 and a 12-month high of $62.41. The company has a market capitalization of $11.26 billion, a PE ratio of 26.81 and a beta of 1.01. The company has a quick ratio of 1.67, a current ratio of 2.30 and a debt-to-equity ratio of 0.71.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) 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 laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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