Keysight Technologies (NYSE:KEYS) Releases Q1 Earnings Guidance

Keysight Technologies (NYSE:KEYS) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $1.53-$1.59 for the period, compared to the consensus EPS estimate of $1.68. The company issued revenue guidance of $1.235-$1.255 billion, compared to the consensus revenue estimate of $1.24 billion.

Wall Street Analysts Forecast Growth

KEYS has been the topic of several recent research reports. StockNews.com downgraded Keysight Technologies from a buy rating to a hold rating in a research note on Thursday. Citigroup reduced their price target on Keysight Technologies from $174.00 to $165.00 and set a buy rating for the company in a report on Monday, November 13th. TheStreet cut shares of Keysight Technologies from a b- rating to a c+ rating in a research note on Thursday, November 9th. Bank of America reduced their price objective on shares of Keysight Technologies from $148.00 to $142.00 in a research note on Friday, August 18th. Finally, Wells Fargo & Company dropped their target price on shares of Keysight Technologies from $200.00 to $175.00 and set an overweight rating on the stock in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Keysight Technologies has an average rating of Moderate Buy and a consensus price target of $173.30.

Keysight Technologies Stock Up 1.3 %

Shares of NYSE KEYS traded up $1.74 during midday trading on Monday, reaching $134.92. 1,838,514 shares of the company’s stock traded hands, compared to its average volume of 1,231,393. The company has a market cap of $23.96 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 3.28 and a beta of 1.04. The company has a quick ratio of 2.93, a current ratio of 3.66 and a debt-to-equity ratio of 0.37. Keysight Technologies has a one year low of $118.57 and a one year high of $189.45. The stock’s 50 day simple moving average is $128.16 and its 200-day simple moving average is $145.73.

Keysight Technologies (NYSE:KEYS) last released its earnings results on Thursday, August 17th. The scientific and technical instruments company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.15. Keysight Technologies had a net margin of 20.19% and a return on equity of 30.56%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. On average, analysts predict that Keysight Technologies will post 7.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Keysight Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. lifted its position in shares of Keysight Technologies by 14.7% during the 1st quarter. Panagora Asset Management Inc. now owns 9,411 shares of the scientific and technical instruments company’s stock valued at $1,487,000 after buying an additional 1,206 shares in the last quarter. Blair William & Co. IL raised its position in shares of Keysight Technologies by 1.3% during the 1st quarter. Blair William & Co. IL now owns 6,780 shares of the scientific and technical instruments company’s stock worth $1,071,000 after purchasing an additional 88 shares during the last quarter. Prudential PLC acquired a new stake in Keysight Technologies in the 1st quarter worth about $592,000. National Pension Service raised its holdings in shares of Keysight Technologies by 2.2% during the first quarter. National Pension Service now owns 274,276 shares of the scientific and technical instruments company’s stock valued at $43,327,000 after acquiring an additional 5,882 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Keysight Technologies by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 20,348,229 shares of the scientific and technical instruments company’s stock valued at $3,214,409,000 after purchasing an additional 153,857 shares during the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.

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. 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.