Keysight Technologies (NYSE:KEYS) Releases Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Keysight Technologies (NYSE:KEYSGet Rating) released its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.22, RTT News reports. Keysight Technologies had a return on equity of 30.60% and a net margin of 19.90%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the business posted $1.46 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year.

Keysight Technologies Price Performance

Shares of NYSE KEYS opened at $169.29 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.26 and a current ratio of 2.86. The firm’s 50-day simple moving average is $148.65 and its 200 day simple moving average is $150.42. The stock has a market cap of $30.46 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.86 and a beta of 1.10. Keysight Technologies has a fifty-two week low of $127.93 and a fifty-two week high of $209.08.

Insider Activity

In other Keysight Technologies news, Director Richard P. Hamada sold 1,626 shares of Keysight Technologies stock in a transaction on Monday, June 6th. The shares were sold at an average price of $150.00, for a total transaction of $243,900.00. Following the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,324,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Richard P. Hamada sold 1,626 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $150.00, for a total transaction of $243,900.00. Following the completion of the sale, the director now directly owns 42,160 shares of the company’s stock, valued at $6,324,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin A. Stephens acquired 500 shares of the business’s stock in a transaction on Thursday, June 30th. The stock was acquired at an average cost of $136.91 per share, for a total transaction of $68,455.00. Following the transaction, the director now owns 3,626 shares of the company’s stock, valued at approximately $496,435.66. The disclosure for this purchase can be found here. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. raised its holdings in Keysight Technologies by 1,148.3% during the 1st quarter. Zions Bancorporation N.A. now owns 362 shares of the scientific and technical instruments company’s stock valued at $57,000 after acquiring an additional 333 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Keysight Technologies by 67.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 419 shares of the scientific and technical instruments company’s stock valued at $66,000 after buying an additional 169 shares in the last quarter. Covestor Ltd increased its position in shares of Keysight Technologies by 114.1% during the first quarter. Covestor Ltd now owns 1,051 shares of the scientific and technical instruments company’s stock valued at $166,000 after buying an additional 560 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Keysight Technologies by 28.5% in the first quarter. Evergreen Capital Management LLC now owns 1,267 shares of the scientific and technical instruments company’s stock valued at $200,000 after acquiring an additional 281 shares during the period. Finally, Prelude Capital Management LLC purchased a new position in Keysight Technologies during the first quarter valued at approximately $207,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group lowered their price objective on Keysight Technologies from $220.00 to $177.00 and set a “buy” rating for the company in a research report on Friday, June 17th. JPMorgan Chase & Co. dropped their price target on shares of Keysight Technologies from $200.00 to $176.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Robert W. Baird lifted their target price on shares of Keysight Technologies from $169.00 to $190.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Keysight Technologies from $190.00 to $193.00 in a research report on Thursday. Finally, Citigroup upped their target price on Keysight Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $198.00.

Keysight Technologies Company Profile

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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.

See Also

Earnings History for Keysight Technologies (NYSE:KEYS)

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