Keysight Technologies (NYSE:KEYS) announced its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.84 by $0.12, Morningstar.com reports. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. Keysight Technologies updated its Q1 2019 guidance to $0.76-0.82 EPS and its Q1 guidance to $0.76-$0.82 EPS.

NYSE KEYS traded up $3.35 during mid-day trading on Wednesday, hitting $57.70. The company’s stock had a trading volume of 1,630,392 shares, compared to its average volume of 4,239,045. Keysight Technologies has a twelve month low of $41.33 and a twelve month high of $70.40. The company has a current ratio of 2.42, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69. The company has a market cap of $10.42 billion, a P/E ratio of 25.87 and a beta of 1.19.

Several brokerages have recently commented on KEYS. Jefferies Financial Group raised their price objective on shares of Keysight Technologies from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Keysight Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Robert W. Baird lifted their price target on shares of Keysight Technologies from $61.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Finally, Citigroup lifted their price target on shares of Keysight Technologies from $71.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $71.67.

In related news, CFO Neil Dougherty sold 3,999 shares of Keysight Technologies stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $65.57, for a total value of $262,214.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.97% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rehmann Capital Advisory Group boosted its holdings in Keysight Technologies by 6,397.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 26,445 shares of the scientific and technical instruments company’s stock worth $399,000 after acquiring an additional 26,038 shares during the last quarter. NorthCoast Asset Management LLC purchased a new position in Keysight Technologies during the 3rd quarter worth $22,552,000. TIAA CREF Investment Management LLC boosted its holdings in Keysight Technologies by 9.9% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 562,483 shares of the scientific and technical instruments company’s stock worth $37,281,000 after acquiring an additional 50,570 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Keysight Technologies by 20.7% during the 3rd quarter. Teachers Advisors LLC now owns 303,521 shares of the scientific and technical instruments company’s stock worth $20,117,000 after acquiring an additional 52,010 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Keysight Technologies by 34.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 921,017 shares of the scientific and technical instruments company’s stock worth $61,045,000 after purchasing an additional 235,214 shares during the period. 88.61% of the stock is currently owned by hedge funds and other institutional investors.

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About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Earnings History for Keysight Technologies (NYSE:KEYS)

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