Keysight Technologies (KEYS) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS
Keysight Technologies (NYSE:KEYS) announced its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.12, Bloomberg Earnings reports. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The firm had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $891.55 million. During the same quarter last year, the business earned $0.64 earnings per share. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. Keysight Technologies updated its Q1 guidance to $0.29-0.43 EPS.
Keysight Technologies (KEYS) opened at $42.08 on Thursday. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.92. The stock has a market cap of $7,820.67, a PE ratio of 19.18, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13. Keysight Technologies has a 52-week low of $35.05 and a 52-week high of $45.65.
KEYS has been the subject of several recent analyst reports. Jefferies Group reiterated a “buy” rating and issued a $52.00 price objective on shares of Keysight Technologies in a research note on Friday, October 20th. Zacks Investment Research cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Credit Suisse Group raised their price objective on shares of Keysight Technologies from $45.50 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. Robert W. Baird restated a “buy” rating and set a $48.00 target price on shares of Keysight Technologies in a research report on Friday, September 1st. Finally, BidaskClub cut shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $47.33.
In other Keysight Technologies news, insider Ronald S. Nersesian sold 58,931 shares of Keysight Technologies stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $41.64, for a total transaction of $2,453,886.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.
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