Keysight Technologies (NYSE:KEYS) Posts Earnings Results, Beats Expectations By $0.12 EPS

Keysight Technologies (NYSE:KEYS) released its earnings results on Monday. The scientific and technical instruments company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.12, MarketWatch Earnings reports. Keysight Technologies had a net margin of 20.19% and a return on equity of 30.56%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm earned $2.02 EPS. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. Keysight Technologies updated its Q1 guidance to $1.53-$1.59 EPS.

Keysight Technologies Stock Up 1.3 %

Shares of NYSE:KEYS traded up $1.74 during trading on Monday, reaching $134.92. 1,833,943 shares of the company traded hands, compared to its average volume of 1,231,998. The firm has a fifty day simple moving average of $128.20 and a 200 day simple moving average of $145.68. The company has a quick ratio of 2.93, a current ratio of 3.66 and a debt-to-equity ratio of 0.37. Keysight Technologies has a 1-year low of $118.57 and a 1-year high of $189.45. The firm has a market cap of $23.96 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 3.28 and a beta of 1.04.

Analysts Set New Price Targets

KEYS has been the topic of a number of research reports. StockNews.com downgraded shares of Keysight Technologies from a “buy” rating to a “hold” rating in a report on Thursday. TheStreet downgraded shares of Keysight Technologies from a “b-” rating to a “c+” rating in a report on Thursday, November 9th. Morgan Stanley raised shares of Keysight Technologies from an “equal weight” rating to an “overweight” rating and set a $165.00 target price on the stock in a research report on Friday, September 15th. Barclays downgraded shares of Keysight Technologies from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $204.00 to $144.00 in a research report on Friday, August 18th. Finally, Bank of America dropped their target price on shares of Keysight Technologies from $148.00 to $142.00 in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.30.

Institutional Trading of Keysight Technologies

Institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in Keysight Technologies in the second quarter valued at approximately $27,000. VitalStone Financial LLC acquired a new position in shares of Keysight Technologies during the 1st quarter worth $35,000. Fred Alger Management LLC bought a new position in shares of Keysight Technologies during the 4th quarter valued at $41,000. Pacific Center for Financial Services acquired a new stake in shares of Keysight Technologies in the 1st quarter valued at $48,000. Finally, Zions Bancorporation N.A. boosted its holdings in Keysight Technologies by 1,148.3% in the first quarter. Zions Bancorporation N.A. now owns 362 shares of the scientific and technical instruments company’s stock worth $57,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.

Keysight Technologies Company Profile

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.