Keysight Technologies (NYSE:KEYS) Announces Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Keysight Technologies (NYSE:KEYS) issued its quarterly earnings results on Monday. The scientific and technical instruments company reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.18, MarketWatch Earnings reports. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Keysight Technologies had a net margin of 17.03% and a return on equity of 29.41%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. Keysight Technologies updated its Q1 2022 guidance to $1.500-$1.560 EPS and its Q1 guidance to $1.50-1.56 EPS.

KEYS traded down $0.23 on Wednesday, reaching $195.06. The company’s stock had a trading volume of 4,517 shares, compared to its average volume of 995,703. The stock has a 50 day moving average of $177.19 and a two-hundred day moving average of $164.52. The company has a quick ratio of 2.55, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $35.93 billion, a price-to-earnings ratio of 44.18, a P/E/G ratio of 2.69 and a beta of 0.99. Keysight Technologies has a fifty-two week low of $117.12 and a fifty-two week high of $198.59.

Keysight Technologies declared that its Board of Directors has initiated a share buyback plan on Monday, November 22nd that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

A number of brokerages have issued reports on KEYS. Citigroup boosted their price target on shares of Keysight Technologies from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Keysight Technologies from $179.00 to $189.00 and gave the stock a “hold” rating in a research note on Wednesday. Barclays boosted their price target on shares of Keysight Technologies from $162.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 19th. Credit Suisse Group boosted their price target on shares of Keysight Technologies from $175.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Keysight Technologies from a “hold” rating to a “buy” rating and set a $189.00 price target on the stock in a research note on Friday, September 17th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Keysight Technologies has an average rating of “Buy” and an average target price of $193.25.

In related news, SVP Huei Sin Ee sold 8,256 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $180.79, for a total value of $1,492,602.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

An institutional investor recently raised its position in Keysight Technologies stock. Morgan Stanley grew its position in Keysight Technologies, Inc. (NYSE:KEYS) by 174.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,114,110 shares of the scientific and technical instruments company’s stock after acquiring an additional 708,404 shares during the quarter. Morgan Stanley owned about 0.60% of Keysight Technologies worth $172,030,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Keysight Technologies Company Profile

Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.

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Earnings History for Keysight Technologies (NYSE:KEYS)

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