Keysight Technologies (KEYS) Issues Q1 Earnings Guidance

Keysight Technologies (NYSE:KEYS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.29-0.43 for the period, compared to the Thomson Reuters consensus estimate of $0.61. The company issued revenue guidance of $762-802 million, compared to the consensus revenue estimate of $869.32 million.

Keysight Technologies (KEYS) opened at $42.08 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.75 and a quick ratio of 2.04. Keysight Technologies has a 1-year low of $35.05 and a 1-year high of $45.65. The stock has a market cap of $7,820.67, a PE ratio of 19.18, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Wednesday, December 6th. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.12. Keysight Technologies had a net margin of 7.58% and a return on equity of 20.85%. The business had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $891.55 million. During the same period last year, the company posted $0.64 EPS. The company’s revenue was up 16.9% on a year-over-year basis. equities research analysts anticipate that Keysight Technologies will post 2.2 EPS for the current year.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Keysight Technologies from a hold rating to a sell rating in a report on Tuesday, September 12th. Robert W. Baird reaffirmed a buy rating and set a $48.00 price target on shares of Keysight Technologies in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Keysight Technologies from a buy rating to a hold rating in a research note on Thursday, November 2nd. Jefferies Group reaffirmed a buy rating and set a $52.00 price target on shares of Keysight Technologies in a research note on Friday, October 20th. Finally, ValuEngine downgraded shares of Keysight Technologies from a buy rating to a hold rating in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $47.33.

In other news, insider Ronald S. Nersesian sold 58,931 shares of Keysight Technologies stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $41.64, for a total value of $2,453,886.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.23% of the company’s stock.

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About Keysight Technologies

Keysight Technologies, Inc is a measurement company engaged in providing electronic design and test solutions to communications and electronics industries. The Company provides electronic design and test instruments and systems and related software, software design tools and related services that are used in the design, development, manufacture, installation, deployment and operation of electronics equipment.

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