Keysight Technologies (KEYS) Announces Quarterly Earnings Results

Keysight Technologies (NYSE:KEYS) released its earnings results on Wednesday. The scientific and technical instruments company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.31, RTT News reports. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Keysight Technologies had a net margin of 6.61% and a return on equity of 27.67%. Keysight Technologies’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 earned $0.83 EPS. Keysight Technologies updated its Q3 2019 guidance to $0.97-1.05 EPS and its Q3 guidance to $0.97-$1.05 EPS.

Shares of NYSE KEYS opened at $79.49 on Friday. Keysight Technologies has a 52-week low of $52.67 and a 52-week high of $93.77. The firm has a market cap of $13.43 billion, a PE ratio of 26.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.82 and a quick ratio of 1.36.

In other news, SVP Mark Adam Wallace sold 4,775 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $85.65, for a total transaction of $408,978.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Keysight Technologies during the 1st quarter valued at $27,000. Atlas Capital Advisors LLC acquired a new position in shares of Keysight Technologies during the 1st quarter valued at $29,000. Sun Life Financial INC acquired a new position in shares of Keysight Technologies during the 4th quarter valued at $32,000. Kaizen Advisory LLC acquired a new position in shares of Keysight Technologies during the 4th quarter valued at $32,000. Finally, Liberty Wealth Management LLC acquired a new position in shares of Keysight Technologies during the 4th quarter valued at $32,000. 85.77% of the stock is owned by institutional investors.

Several research firms have commented on KEYS. Deutsche Bank lifted their target price on shares of Keysight Technologies from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Stifel Nicolaus lifted their target price on shares of Keysight Technologies from $87.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Dougherty & Co reaffirmed a “sell” rating on shares of Keysight Technologies in a research note on Friday, March 1st. Jefferies Financial Group lifted their target price on shares of Keysight Technologies to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, TheStreet raised shares of Keysight Technologies from a “c+” rating to an “a-” rating in a research note on Thursday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $88.22.

ILLEGAL ACTIVITY WARNING: This story was first reported by WKRB News and is owned by of WKRB News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.wkrb13.com/2019/05/31/keysight-technologies-keys-announces-quarterly-earnings-results.html.

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.

Featured Story: Why is the price-sales ratio important?

Earnings History for Keysight Technologies (NYSE:KEYS)

Receive News & Ratings for Keysight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keysight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.