Keysight Technologies (NYSE:KEYS) Updates Q1 Earnings Guidance

Keysight Technologies (NYSE:KEYS) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $1.50-1.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.52. The company issued revenue guidance of $1.225-1.245 billion, compared to the consensus revenue estimate of $1.23 billion.Keysight Technologies also updated its Q1 2022 guidance to $1.500-$1.560 EPS.

Shares of KEYS traded up $4.37 during midday trading on Thursday, reaching $199.66. 1,779,684 shares of the stock were exchanged, compared to its average volume of 999,157. The company has a market capitalization of $36.78 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 2.69 and a beta of 0.99. Keysight Technologies has a twelve month low of $117.12 and a twelve month high of $200.76. The business’s 50-day moving average price is $177.59 and its 200 day moving average price is $164.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.19 and a quick ratio of 2.55.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings results on Monday, November 22nd. The scientific and technical instruments company reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.18. Keysight Technologies had a return on equity of 29.41% and a net margin of 17.03%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Keysight Technologies will post 5.55 earnings per share for the current fiscal year.

Keysight Technologies announced that its Board of Directors has approved a stock buyback program on Monday, November 22nd that permits the company to buyback $1.20 billion in outstanding shares. This buyback authorization permits the scientific and technical instruments company to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

KEYS has been the topic of a number of recent research reports. Citigroup upped their target price on Keysight Technologies from $190.00 to $220.00 and gave the company a buy rating in a research note on Tuesday. Credit Suisse Group boosted their price target on Keysight Technologies from $175.00 to $210.00 and gave the company an outperform rating in a report on Tuesday. The Goldman Sachs Group upped their price objective on Keysight Technologies from $180.00 to $192.00 and gave the stock a buy rating in a report on Sunday, September 26th. Barclays upped their price target on shares of Keysight Technologies from $162.00 to $164.00 and gave the stock an equal weight rating in a research report on Thursday, August 19th. Finally, Susquehanna reaffirmed a buy rating on shares of Keysight Technologies in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $195.00.

In related news, SVP Huei Sin Ee sold 8,256 shares of the firm’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $180.79, for a total transaction of $1,492,602.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.

An institutional investor recently raised its position in Keysight Technologies stock. Morgan Stanley increased its position in Keysight Technologies, Inc. (NYSE:KEYS) by 174.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,114,110 shares of the scientific and technical instruments company’s stock after acquiring an additional 708,404 shares during the quarter. Morgan Stanley owned about 0.60% of Keysight Technologies worth $172,030,000 at the end of the most recent quarter. 84.29% of the stock is owned by institutional investors.

About Keysight Technologies

Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.

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