Keysight Technologies (NYSE:KEYS) Issues Q1 Earnings Guidance

Keysight Technologies (NYSE:KEYS) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.65-$1.71 for the period, compared to the consensus earnings per share estimate of $1.57. The company issued revenue guidance of $1.265-$1.285 billion, compared to the consensus revenue estimate of $1.24 billion.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a research report on Wednesday, August 21st. Bank of America boosted their price target on shares of Keysight Technologies from $135.00 to $150.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 21st. Robert W. Baird reduced their target price on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Barclays upgraded shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $158.00 to $180.00 in a report on Monday, November 4th. Finally, Vertical Research started coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Keysight Technologies has a consensus rating of “Moderate Buy” and an average price target of $170.89.

Keysight Technologies Price Performance

Shares of NYSE:KEYS traded up $0.71 during midday trading on Tuesday, hitting $152.13. The company’s stock had a trading volume of 2,146,465 shares, compared to its average volume of 1,179,367. The business’s 50 day simple moving average is $155.28 and its 200 day simple moving average is $145.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.05. The company has a market cap of $26.40 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 4.38 and a beta of 0.98. Keysight Technologies has a 12-month low of $119.72 and a 12-month high of $166.28.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $2.04 earnings per share. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, analysts forecast that Keysight Technologies will post 5.48 EPS for the current year.

Insiders Place Their Bets

In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of Keysight Technologies stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the transaction, the director now directly owns 42,160 shares of the company’s stock, valued at $6,576,960. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by 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, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.