Keysight Technologies (NYSE:KEYS) Issues Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Keysight Technologies (NYSE:KEYSGet Rating) released its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15, RTT News reports. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.30 billion. Keysight Technologies had a return on equity of 29.55% and a net margin of 18.98%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $1.34 earnings per share.

Shares of Keysight Technologies stock traded up $1.07 during trading hours on Thursday, hitting $137.07. 40,929 shares of the company were exchanged, compared to its average volume of 1,004,218. The business has a 50-day moving average of $148.19 and a 200-day moving average of $170.43. Keysight Technologies has a 1 year low of $127.93 and a 1 year high of $209.08. The company has a current ratio of 3.03, a quick ratio of 2.39 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 2.41 and a beta of 1.08.

Several equities analysts have commented on KEYS shares. Susquehanna Bancshares restated a “buy” rating and issued a $222.00 price target on shares of Keysight Technologies in a research note on Monday, February 7th. Robert W. Baird cut their price target on Keysight Technologies from $198.00 to $166.00 in a report on Monday. Susquehanna reaffirmed a “buy” rating and issued a $222.00 price target on shares of Keysight Technologies in a research report on Monday, February 7th. JPMorgan Chase & Co. lowered their price objective on Keysight Technologies from $230.00 to $200.00 in a research report on Wednesday. Finally, StockNews.com started coverage on shares of Keysight Technologies in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $198.00.

In other news, SVP Jeffrey K. Li sold 3,000 shares of Keysight Technologies stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of $162.34, for a total transaction of $487,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin A. Stephens purchased 1,000 shares of the stock in a transaction that occurred on Thursday, March 24th. The stock was purchased at an average price of $158.92 per share, for a total transaction of $158,920.00. The disclosure for this purchase can be found here. 0.52% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in KEYS. Morgan Stanley raised its holdings in shares of Keysight Technologies by 174.6% in the second quarter. Morgan Stanley now owns 1,114,110 shares of the scientific and technical instruments company’s stock worth $172,030,000 after acquiring an additional 708,404 shares during the last quarter. Sei Investments Co. raised its stake in Keysight Technologies by 41.1% in the 4th quarter. Sei Investments Co. now owns 47,657 shares of the scientific and technical instruments company’s stock valued at $9,815,000 after purchasing an additional 13,886 shares during the last quarter. Zacks Investment Management purchased a new position in Keysight Technologies in the 4th quarter valued at about $368,000. NEXT Financial Group Inc boosted its stake in shares of Keysight Technologies by 50.3% during the 4th quarter. NEXT Financial Group Inc now owns 3,857 shares of the scientific and technical instruments company’s stock worth $797,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Peapack Gladstone Financial Corp purchased a new stake in shares of Keysight Technologies during the fourth quarter worth about $291,000. Institutional investors own 84.00% of the company’s stock.

Keysight Technologies Company Profile (Get Rating)

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

Further Reading

Earnings History for Keysight Technologies (NYSE:KEYS)

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