Keysight (KEYS) Getting Somewhat Favorable Press Coverage, Accern Reports

News coverage about Keysight (NYSE:KEYS) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Keysight earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the scientific and technical instruments company an impact score of 45.3045234382894 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

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Several equities research analysts have recently commented on the company. Citigroup boosted their price objective on Keysight from $55.00 to $62.00 and gave the company a “buy” rating in a report on Friday, March 9th. Zacks Investment Research upgraded Keysight from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Thursday, March 8th. Jefferies Group restated a “buy” rating and set a $62.00 price objective on shares of Keysight in a report on Wednesday, March 7th. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating on shares of Keysight in a report on Friday, March 2nd. Finally, Robert W. Baird restated an “outperform” rating and set a $52.00 price objective (up previously from $50.00) on shares of Keysight in a report on Friday, March 2nd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $55.50.

Shares of Keysight stock traded down $1.08 during trading on Friday, reaching $50.81. The company had a trading volume of 654,007 shares, compared to its average volume of 1,216,715. Keysight has a 1-year low of $35.05 and a 1-year high of $55.21. The company has a market capitalization of $9,653.90, a P/E ratio of 108.11 and a beta of 1.14. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.57 and a quick ratio of 1.88.

Keysight (NYSE:KEYS) last announced its quarterly earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.19. Keysight had a return on equity of 18.19% and a net margin of 2.64%. The business had revenue of $837.00 million during the quarter, compared to the consensus estimate of $805.96 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. Keysight’s revenue was up 15.3% compared to the same quarter last year. sell-side analysts anticipate that Keysight will post 2.69 EPS for the current fiscal year.

Keysight announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 6th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

In related news, SVP Stephen D. Williams sold 12,296 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $41.79, for a total transaction of $513,849.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ingrid A. Estrada sold 43,134 shares of the company’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $52.78, for a total value of $2,276,612.52. Following the sale, the senior vice president now owns 74,213 shares of the company’s stock, valued at approximately $3,916,962.14. The disclosure for this sale can be found here. Insiders have sold 265,521 shares of company stock valued at $12,642,251 in the last quarter. 0.97% of the stock is currently owned by corporate insiders.

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About Keysight

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.

Insider Buying and Selling by Quarter for Keysight (NYSE:KEYS)

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