Keysight Technologies (NYSE:KEYS) Issues Q1 Earnings Guidance

Keysight Technologies (NYSE:KEYS) issued an update on its first quarter earnings guidance on Monday morning. The company provided EPS guidance of $1.50-1.56 for the period, compared to the Thomson Reuters consensus EPS 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.

NYSE:KEYS traded up $4.37 during mid-day trading on Thursday, hitting $199.66. 1,779,684 shares of the company’s stock traded hands, compared to its average volume of 999,157. The company has a fifty day moving average of $177.59 and a 200 day moving average of $164.77. Keysight Technologies has a twelve month low of $117.12 and a twelve month high of $200.76. The company has a market capitalization of $36.78 billion, a P/E ratio of 45.17, a P/E/G ratio of 2.69 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.55 and a current ratio of 3.19.

Keysight Technologies (NYSE:KEYS) last announced its 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 company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $1.52 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts expect that Keysight Technologies will post 5.55 earnings per share for the current fiscal year.

Keysight Technologies declared that its Board of Directors has initiated a stock buyback plan on Monday, November 22nd that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

KEYS has been the topic of several recent analyst reports. Barclays upped their target price on Keysight Technologies from $162.00 to $164.00 and gave the company an equal weight rating in a research report on Thursday, August 19th. UBS Group boosted their price target on Keysight Technologies from $170.00 to $192.00 and gave the company a buy rating in a research note on Tuesday, August 24th. The Goldman Sachs Group boosted their price target on Keysight Technologies from $180.00 to $192.00 and gave the company a buy rating in a research note on Sunday, September 26th. 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 research note on Tuesday. Finally, Jefferies Financial Group boosted their price target on Keysight Technologies from $190.00 to $220.00 and gave the company a buy rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Keysight Technologies currently has a consensus rating of Buy and a consensus price target of $195.00.

In other Keysight Technologies news, SVP Huei Sin Ee sold 8,256 shares of the stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $180.79, for a total transaction of $1,492,602.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

An institutional investor recently raised its position in Keysight Technologies stock. Morgan Stanley lifted its stake in Keysight Technologies, Inc. (NYSE:KEYS) by 174.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,114,110 shares of the scientific and technical instruments company’s stock after purchasing 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 reporting period. 84.29% of the stock is currently owned by hedge funds and other 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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