Keysight Technologies (NYSE:KEYS) Issues Q3 2022 Earnings Guidance

Keysight Technologies (NYSE:KEYSGet Rating) updated its third quarter 2022 earnings guidance on Tuesday. The company provided EPS guidance of $1.74-$1.80 for the period, compared to the consensus EPS estimate of $1.75. The company issued revenue guidance of $1.33 billion-$1.35 billion, compared to the consensus revenue estimate of $1.34 billion.Keysight Technologies also updated its FY 2022 guidance to $7.10-$7.17 EPS.

Several research analysts recently issued reports on KEYS shares. StockNews.com initiated coverage on Keysight Technologies in a research report on Thursday, March 31st. They set a buy rating on the stock. Susquehanna reiterated a buy rating and set a $222.00 price target on shares of Keysight Technologies in a research report on Monday, February 7th. Deutsche Bank Aktiengesellschaft upgraded Keysight Technologies from a hold rating to a buy rating and set a $176.00 price target on the stock in a research report on Friday, March 11th. Morgan Stanley reduced their target price on Keysight Technologies from $190.00 to $180.00 and set an equal weight rating for the company in a report on Tuesday, April 12th. Finally, JPMorgan Chase & Co. reduced their target price on Keysight Technologies from $230.00 to $200.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Keysight Technologies presently has an average rating of Buy and an average target price of $198.00.

KEYS opened at $140.37 on Wednesday. Keysight Technologies has a 52 week low of $127.93 and a 52 week high of $209.08. The business has a fifty day simple moving average of $148.40 and a 200-day simple moving average of $170.67. The firm has a market cap of $25.54 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.44 and a beta of 1.08. The company has a quick ratio of 2.39, a current ratio of 3.03 and a debt-to-equity ratio of 0.47.

Keysight Technologies (NYSE:KEYSGet Rating) last released its earnings results on Tuesday, May 17th. The scientific and technical instruments company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.30 billion. Keysight Technologies had a return on equity of 29.55% and a net margin of 18.98%. Keysight Technologies’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Sell-side analysts expect that Keysight Technologies will post 6.23 earnings per share for the current year.

In other news, Director Kevin A. Stephens bought 1,000 shares of the business’s stock in a transaction dated Thursday, March 24th. The shares were acquired at an average price of $158.92 per share, for a total transaction of $158,920.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey K. Li sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of $162.34, for a total value of $487,020.00. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation N.A. increased its holdings in shares of Keysight Technologies by 1,148.3% during the 1st quarter. Zions Bancorporation N.A. now owns 362 shares of the scientific and technical instruments company’s stock worth $57,000 after buying an additional 333 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Keysight Technologies by 67.6% in the 1st quarter. Brown Brothers Harriman & Co. now owns 419 shares of the scientific and technical instruments company’s stock valued at $66,000 after buying an additional 169 shares during the last quarter. KB Financial Partners LLC bought a new position in shares of Keysight Technologies during the fourth quarter worth about $70,000. Covestor Ltd raised its stake in Keysight Technologies by 114.1% during the first quarter. Covestor Ltd now owns 1,051 shares of the scientific and technical instruments company’s stock worth $166,000 after acquiring an additional 560 shares during the period. Finally, Evergreen Capital Management LLC raised its stake in Keysight Technologies by 28.5% during the first quarter. Evergreen Capital Management LLC now owns 1,267 shares of the scientific and technical instruments company’s stock worth $200,000 after acquiring an additional 281 shares during the period. Institutional investors own 84.00% of the company’s stock.

Keysight Technologies Company Profile (Get Rating)

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.

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