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

Keysight Technologies (NYSE:KEYSGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $7.10-$7.17 for the period, compared to the consensus EPS 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 Q3 2022 guidance to $1.74-$1.80 EPS.

A number of research firms have recently commented on KEYS. JPMorgan Chase & Co. dropped their target price on shares of Keysight Technologies from $230.00 to $200.00 in a report on Wednesday, May 18th. Robert W. Baird dropped their target price on shares of Keysight Technologies from $198.00 to $166.00 in a report on Monday, May 16th. StockNews.com initiated coverage on shares of Keysight Technologies in a report on Thursday, March 31st. They issued a buy rating for the company. Morgan Stanley dropped their price objective on shares of 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, The Goldman Sachs Group dropped their price objective on shares of Keysight Technologies from $185.00 to $165.00 and set a buy rating for the company in a report on Wednesday, June 1st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $194.75.

NYSE:KEYS opened at $133.55 on Tuesday. The company has a market capitalization of $24.03 billion, a PE ratio of 24.15, a P/E/G ratio of 2.54 and a beta of 1.08. The company has a 50 day simple moving average of $142.90 and a two-hundred day simple moving average of $164.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.26 and a current ratio of 2.86. Keysight Technologies has a fifty-two week low of $127.93 and a fifty-two week high of $209.08.

Keysight Technologies (NYSE:KEYSGet Rating) last announced its quarterly earnings data on Tuesday, May 17th. The scientific and technical instruments company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.30 billion. Keysight Technologies had a net margin of 19.90% and a return on equity of 30.60%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. Research analysts predict that Keysight Technologies will post 6.07 EPS for the current year.

In other Keysight Technologies news, Director Kevin A. Stephens purchased 1,000 shares of Keysight Technologies stock in a transaction that occurred on Thursday, March 24th. The stock was acquired at an average price of $158.92 per share, with a total value of $158,920.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jeffrey K. Li sold 3,000 shares of Keysight Technologies stock in a transaction on Wednesday, March 30th. The shares were sold at an average price of $162.34, for a total transaction of $487,020.00. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Walleye Capital LLC bought a new position in Keysight Technologies during the 1st quarter valued at $210,000. Worldquant Millennium Advisors LLC bought a new position in Keysight Technologies during the 1st quarter valued at $14,377,000. Virtu Financial LLC bought a new position in Keysight Technologies during the 1st quarter valued at $786,000. Advisors Asset Management Inc. raised its stake in shares of Keysight Technologies by 7.6% during the 1st quarter. Advisors Asset Management Inc. now owns 46,934 shares of the scientific and technical instruments company’s stock worth $7,414,000 after purchasing an additional 3,334 shares during the period. Finally, Mirabella Financial Services LLP bought a new stake in shares of Keysight Technologies during the 1st quarter worth $290,000. 84.00% of the stock is owned by institutional investors and hedge funds.

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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