Keysight Technologies (NYSE:KEYS) Posts Earnings Results, Beats Expectations By $0.21 EPS

Keysight Technologies (NYSE:KEYS) announced its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.21, Bloomberg Earnings reports. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Keysight Technologies had a net margin of 14.43% and a return on equity of 29.78%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 EPS. Keysight Technologies updated its Q1 2020
After-Hours guidance to $1.04-1.10 EPS and its Q1 guidance to $1.04-1.10 EPS.

Keysight Technologies stock opened at $108.04 on Friday. Keysight Technologies has a fifty-two week low of $55.91 and a fifty-two week high of $110.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.56 and a current ratio of 2.05. The firm has a 50 day moving average price of $102.62 and a 200 day moving average price of $92.43. The company has a market capitalization of $19.83 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.62 and a beta of 1.27.

A number of analysts have recently issued reports on the stock. Susquehanna Bancshares restated a “buy” rating and set a $127.00 price target on shares of Keysight Technologies in a report on Wednesday. Citigroup raised their price target on shares of Keysight Technologies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America assumed coverage on shares of Keysight Technologies in a report on Monday, November 18th. They set a “neutral” rating and a $115.00 price target for the company. Credit Suisse Group restated an “outperform” rating and set a $125.00 price target (up previously from $110.00) on shares of Keysight Technologies in a report on Wednesday. Finally, Deutsche Bank raised their price target on shares of Keysight Technologies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $109.45.

In related news, SVP Ingrid A. Estrada sold 3,500 shares of Keysight Technologies stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $100.00, for a total value of $350,000.00. Following the completion of the sale, the senior vice president now owns 73,159 shares in the company, valued at approximately $7,315,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is currently owned by company insiders.

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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Earnings History for Keysight Technologies (NYSE:KEYS)

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