Equities research analysts expect Keysight Technologies Inc (NYSE:KEYS) to announce $1.04 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Keysight Technologies’ earnings, with the highest sales estimate coming in at $1.06 billion and the lowest estimate coming in at $1.03 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 company is scheduled to announce 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 fiscal year, with estimates ranging from $4.21 billion to $4.23 billion. For the next financial year, analysts expect that the company will post sales of $4.45 billion, with estimates ranging from $4.41 billion to $4.49 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Keysight Technologies.

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

A number of equities analysts have recently commented on KEYS shares. Deutsche Bank set a $18.00 target price on shares of Commercial Metals and gave the company a “buy” rating in a report on Thursday, May 30th. Zacks Investment Research raised shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, June 4th. Stifel Nicolaus set a $7.00 price objective on shares of Endologix and gave the company a “hold” rating in a research note on Monday, April 1st. Robert W. Baird set a $129.00 price objective on shares of Deere & Company and gave the company a “hold” rating in a research note on Monday, May 20th. Finally, Goldman Sachs Group set a $54.00 price objective on shares of Western Digital and gave the company a “hold” rating in a research note on Sunday, July 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.25.

In related news, SVP Mark Pierpoint sold 13,618 shares of the stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 47,533 shares of the company’s stock, valued at approximately $3,572,104.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Cullen sold 16,268 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,914,755.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,718 shares of company stock valued at $3,645,835. Corporate insiders own 0.65% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning lifted its stake in Keysight Technologies by 42.5% during the second quarter. Creative Planning now owns 21,828 shares of the scientific and technical instruments company’s stock worth $1,960,000 after purchasing an additional 6,514 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Keysight Technologies during the second quarter worth $95,000. Braun Stacey Associates Inc. lifted its stake in Keysight Technologies by 3.2% during the second quarter. Braun Stacey Associates Inc. now owns 148,755 shares of the scientific and technical instruments company’s stock worth $13,360,000 after purchasing an additional 4,552 shares during the last quarter. Wetherby Asset Management Inc. bought a new position in Keysight Technologies during the second quarter worth $214,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Keysight Technologies during the second quarter worth $391,000. Hedge funds and other institutional investors own 85.62% of the company’s stock.

KEYS stock traded up $0.05 during midday trading on Thursday, reaching $90.80. 965,315 shares of the company were exchanged, compared to its average volume of 1,560,261. 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 has a 1-year low of $53.21 and a 1-year high of $94.52. The company’s 50-day moving average price is $87.87. The company has a market capitalization of $17.09 billion, a P/E ratio of 30.27, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.

Keysight Technologies declared that its board has approved a share buyback plan on Wednesday, May 29th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 3.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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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