Keysight Technologies (KEYS) Announces Earnings Results

Keysight Technologies (NYSE:KEYS) released its earnings results on Wednesday. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.12, reports. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. The business had revenue of $878.00 million for the quarter, compared to analyst estimates of $891.55 million. During the same quarter last year, the firm posted $0.64 earnings per share. The business’s revenue was up 16.9% compared to the same quarter last year. Keysight Technologies updated its Q1 guidance to $0.29-0.43 EPS.

Shares of Keysight Technologies (NYSE KEYS) traded up $0.29 during trading on Wednesday, hitting $42.19. The stock had a trading volume of 949,100 shares, compared to its average volume of 863,370. The stock has a market capitalization of $7,830.00, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.14 and a beta of 1.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.04 and a current ratio of 2.75. Keysight Technologies has a 1 year low of $35.05 and a 1 year high of $45.65.

A number of analysts have weighed in on the company. BidaskClub lowered Keysight Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Robert W. Baird reiterated a “buy” rating and issued a $48.00 target price on shares of Keysight Technologies in a research note on Friday, September 1st. Zacks Investment Research lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Jefferies Group restated a “buy” rating and set a $52.00 price target on shares of Keysight Technologies in a research note on Friday, October 20th. Finally, ValuEngine lowered Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.33.

In other news, insider Ronald S. Nersesian sold 58,931 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $41.64, for a total transaction of $2,453,886.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.23% of the company’s stock.

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About Keysight Technologies

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

Earnings History for Keysight Technologies (NYSE:KEYS)

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