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

Keysight Technologies (NYSE:KEYS) released its earnings results on Tuesday. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.22, Briefing.com reports. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.04 EPS. Keysight Technologies updated its Q4 guidance to $1.53-1.59 EPS and its Q4 2024 guidance to 1.530-1.590 EPS.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS opened at $138.57 on Wednesday. The firm has a fifty day simple moving average of $135.32 and a two-hundred day simple moving average of $145.34. The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $24.19 billion, a P/E ratio of 30.19, a PEG ratio of 4.58 and a beta of 0.95. Keysight Technologies has a 52 week low of $118.57 and a 52 week high of $162.51.

Analysts Set New Price Targets

KEYS has been the topic of several recent analyst reports. Barclays raised their price objective on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. Susquehanna lowered their price objective on Keysight Technologies from $208.00 to $195.00 and set a “positive” rating on the stock in a research report on Tuesday, May 21st. Bank of America cut their target price on Keysight Technologies from $150.00 to $135.00 and set an “underperform” rating for the company in a research report on Tuesday, August 13th. Vertical Research assumed coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price target on the stock. Finally, Robert W. Baird cut their price objective on shares of Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.78.

Insider Activity

In related news, Director Kevin A. Stephens purchased 460 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the completion of the transaction, the director now owns 7,681 shares in the company, valued at approximately $1,101,071.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Lisa M. Poole sold 440 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $136.45, for a total value of $60,038.00. Following the sale, the vice president now directly owns 3,913 shares in the company, valued at $533,928.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kevin A. Stephens acquired 460 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $143.35 per share, with a total value of $65,941.00. Following the acquisition, the director now owns 7,681 shares in the company, valued at $1,101,071.35. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

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.