Keysight Technologies (NYSE:KEYS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.29-0.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.61. The company issued revenue guidance of $762-802 million, compared to the consensus revenue estimate of $869.32 million.
Shares of Keysight Technologies (NYSE KEYS) traded up $0.29 during midday trading on Wednesday, hitting $42.19. The company had a trading volume of 949,100 shares, compared to its average volume of 863,370. The company has a quick ratio of 2.04, a current ratio of 2.75 and a debt-to-equity ratio of 0.92. The firm has a market cap of $7,830.00, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.18. Keysight Technologies has a twelve month low of $35.05 and a twelve month high of $45.65.
Keysight Technologies (NYSE:KEYS) last issued its earnings results on Wednesday, December 6th. The scientific and technical instruments company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.61). The company had revenue of $878.00 million during the quarter, compared to analyst estimates of $891.55 million. Keysight Technologies had a return on equity of 20.85% and a net margin of 7.58%. The business’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. sell-side analysts expect that Keysight Technologies will post 2.2 EPS for the current year.
KEYS has been the subject of several recent analyst reports. TheStreet raised Keysight Technologies from a c rating to a b- rating in a research report on Tuesday, October 17th. Citigroup reaffirmed a buy rating and issued a $50.00 target price (up previously from $49.00) on shares of Keysight Technologies in a research report on Friday, September 1st. Robert W. Baird reaffirmed a buy rating and issued a $48.00 target price on shares of Keysight Technologies in a research report on Friday, September 1st. BidaskClub raised Keysight Technologies from a hold rating to a buy rating in a research report on Friday, October 13th. Finally, Jefferies Group reaffirmed a buy rating and issued a $52.00 target price on shares of Keysight Technologies in a research report on Friday, October 20th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Keysight Technologies currently has a consensus rating of Buy and an average price target of $47.33.
In related news, insider Ronald S. Nersesian sold 58,931 shares of Keysight Technologies stock in a transaction on Monday, October 9th. The stock was sold at an average price of $41.64, for a total transaction of $2,453,886.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.23% of the stock is currently owned by company insiders.
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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