Keysight Technologies (NYSE:KEYS) Releases FY 2022 Earnings Guidance

Keysight Technologies (NYSE:KEYSGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $7.10-$7.17 for the period, compared to the consensus earnings per share estimate of $7.01. The company issued revenue guidance of $5.34 billion-$5.34 billion, compared to the consensus revenue estimate of $5.28 billion.Keysight Technologies also updated its FY22 guidance to $7.10-7.17 EPS.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Keysight Technologies from $230.00 to $200.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised Keysight Technologies from a hold rating to a buy rating and set a $176.00 target price on the stock in a research note on Friday, March 11th. Robert W. Baird cut their target price on Keysight Technologies from $198.00 to $166.00 in a research note on Monday. StockNews.com started coverage on Keysight Technologies in a research note on Thursday, March 31st. They issued a buy rating on the stock. Finally, Susquehanna Bancshares reissued a buy rating and issued a $222.00 target price on shares of Keysight Technologies in a research note on Monday, February 7th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Buy and a consensus target price of $198.00.

Keysight Technologies stock opened at $140.37 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.03 and a quick ratio of 2.39. Keysight Technologies has a one year low of $127.93 and a one year high of $209.08. The stock has a market capitalization of $25.54 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 2.44 and a beta of 1.08. The business’s fifty day moving average is $148.40 and its 200 day moving average is $170.67.

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

In related news, Director Kevin A. Stephens acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, March 24th. The shares were purchased at an average price of $158.92 per share, with a total value of $158,920.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ingrid A. Estrada sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 23rd. The stock was sold at an average price of $159.62, for a total value of $319,240.00. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Autumn Glory Partners LLC bought a new stake in Keysight Technologies during the 4th quarter valued at approximately $356,000. Peapack Gladstone Financial Corp bought a new stake in Keysight Technologies in the 4th quarter worth approximately $291,000. Mirabella Financial Services LLP bought a new stake in Keysight Technologies in the 1st quarter worth approximately $290,000. Forum Financial Management LP bought a new stake in Keysight Technologies in the 4th quarter worth approximately $276,000. Finally, Fund Management at Engine No. 1 LLC bought a new stake in Keysight Technologies in the 1st quarter worth approximately $245,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

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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