Wall Street analysts expect Keysight Technologies Inc (NYSE:KEYS) to post earnings per share (EPS) of $1.02 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Keysight Technologies’ earnings, with estimates ranging from $1.01 to $1.04. Keysight Technologies reported earnings of $0.89 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 14.6%. The company is scheduled to issue its next quarterly earnings report on Tuesday, August 20th.

On average, analysts expect that Keysight Technologies will report full year earnings of $4.23 per share for the current year, with EPS estimates ranging from $4.16 to $4.27. For the next financial year, analysts forecast that the company will report earnings of $4.56 per share, with EPS estimates ranging from $4.46 to $4.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Keysight Technologies.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings data on Wednesday, May 29th. The scientific and technical instruments company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.31. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Keysight Technologies had a return on equity of 27.06% and a net margin of 6.61%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share.

Several equities research analysts have recently commented on the company. Deutsche Bank cut their price target on Keysight Technologies from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Robert W. Baird lowered Keysight Technologies from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $82.00 in a report on Monday, May 20th. Jefferies Financial Group upped their target price on Keysight Technologies to $100.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Zacks Investment Research raised Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $78.00 target price on the stock in a report on Tuesday, June 4th. Finally, Stifel Nicolaus upped their target price on Keysight Technologies from $87.00 to $100.00 and gave the company a “buy” rating in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $94.29.

In other news, Director James Cullen sold 16,268 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $75.50, for a total value of $1,228,234.00. Following the transaction, the director now directly owns 25,361 shares in the company, valued at approximately $1,914,755.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark Pierpoint sold 13,618 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $75.15, for a total value of $1,023,392.70. Following the completion of the transaction, the senior vice president now owns 47,533 shares in the company, valued at $3,572,104.95. 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.

Several institutional investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its holdings in shares of Keysight Technologies by 9.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 562,483 shares of the scientific and technical instruments company’s stock valued at $37,281,000 after buying an additional 50,570 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Keysight Technologies by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 17,295,881 shares of the scientific and technical instruments company’s stock valued at $1,146,370,000 after buying an additional 421,861 shares in the last quarter. Advisor Partners LLC bought a new stake in shares of Keysight Technologies in the 4th quarter valued at about $205,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Keysight Technologies in the 4th quarter valued at about $1,140,000. Finally, KBC Group NV boosted its holdings in shares of Keysight Technologies by 74.8% in the 4th quarter. KBC Group NV now owns 18,154 shares of the scientific and technical instruments company’s stock valued at $1,127,000 after buying an additional 7,768 shares in the last quarter. Institutional investors own 85.68% of the company’s stock.

Shares of KEYS stock traded down $0.07 during trading hours 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 market capitalization of $15.73 billion, a P/E ratio of 27.87, a PEG ratio of 2.12 and a beta of 1.22. Keysight Technologies has a twelve month low of $53.21 and a twelve month high of $93.77. The company has a current ratio of 1.90, a quick ratio of 1.46 and a debt-to-equity ratio of 0.46.

Keysight Technologies declared that its board has approved a share repurchase program on Wednesday, May 29th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 3.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors 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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