Keysight Technologies (NYSE:KEYS) declared that its board has authorized a stock repurchase program, which permits the company to repurchase $350.00 million in outstanding shares on Tuesday, March 6th, EventVestor reports. This repurchase authorization permits the scientific and technical instruments company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
Shares of Keysight Technologies (NYSE:KEYS) opened at $54.07 on Monday. Keysight Technologies has a twelve month low of $35.05 and a twelve month high of $54.11. The stock has a market capitalization of $10,130.00, a price-to-earnings ratio of -50.06 and a beta of 1.19. The company has a current ratio of 2.57, a quick ratio of 1.88 and a debt-to-equity ratio of 0.82.
Keysight Technologies (NYSE:KEYS) last posted its earnings results on Thursday, March 1st. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.19. Keysight Technologies had a return on equity of 18.19% and a net margin of 2.64%. The company had revenue of $837.00 million during the quarter, compared to the consensus estimate of $805.96 million. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue was up 15.3% on a year-over-year basis. equities research analysts expect that Keysight Technologies will post 2.69 earnings per share for the current fiscal year.
In other news, SVP Mark Adam Wallace sold 34,803 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $52.65, for a total transaction of $1,832,377.95. Following the sale, the senior vice president now directly owns 171,187 shares in the company, valued at $9,012,995.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ronald S. Nersesian sold 162,366 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $45.04, for a total value of $7,312,964.64. Following the sale, the insider now owns 517,674 shares in the company, valued at $23,316,036.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,308 shares of company stock worth $10,072,992. Company insiders own 0.97% of the company’s stock.
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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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