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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com raised Keysight Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price target on Keysight Technologies from $163.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Susquehanna reduced their target price on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating on the stock in a report on Wednesday, August 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Keysight Technologies in a report on Wednesday, August 21st. Finally, Robert W. Baird reduced their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $170.89.

Keysight Technologies Trading Up 0.5 %

NYSE:KEYS traded up $0.71 during trading hours on Tuesday, hitting $152.13. 2,146,465 shares of the company were exchanged, compared to its average volume of 1,179,367. The stock has a market capitalization of $26.40 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 4.38 and a beta of 0.98. The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. Keysight Technologies has a one year low of $119.72 and a one year high of $166.28. The company has a fifty day simple moving average of $155.28 and a 200 day simple moving average of $145.95.

Keysight Technologies (NYSE:KEYS) last posted its quarterly earnings data 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. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. Keysight Technologies had a return on equity of 21.01% and a net margin of 18.24%. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same period last year, the company posted $2.04 EPS. Sell-side analysts expect that Keysight Technologies will post 5.48 EPS for the current fiscal year.

Insider Activity

In other news, Director Richard P. Hamada sold 1,632 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total value of $254,592.00. Following the transaction, the director now owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

About Keysight Technologies

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.