Keysight Technologies (NYSE:KEYS) Posts Quarterly Earnings Results, Beats Estimates By $0.22 EPS

Keysight Technologies (NYSE:KEYS) released its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.22, Briefing.com reports. Keysight Technologies had a return on equity of 23.79% and a net margin of 15.70%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted $2.04 earnings per share. The firm’s quarterly revenue was down 11.9% on a year-over-year basis. Keysight Technologies updated its Q4 guidance to $1.53-1.59 EPS and its Q4 2024 guidance to 1.530-1.590 EPS.

Keysight Technologies Stock Performance

Shares of KEYS stock traded down $1.92 during mid-day trading on Thursday, reaching $155.89. The stock had a trading volume of 378,312 shares, compared to its average volume of 1,248,401. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. Keysight Technologies has a 1-year low of $118.57 and a 1-year high of $162.51. The firm has a market cap of $27.21 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 4.58 and a beta of 0.95. The business’s fifty day moving average is $135.72 and its 200-day moving average is $145.43.

Insider Activity at Keysight Technologies

In related news, Director Kevin A. Stephens purchased 460 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $143.35 per share, with a total value of $65,941.00. Following the transaction, the director now owns 7,681 shares of the company’s stock, valued at $1,101,071.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Keysight Technologies news, VP Lisa M. Poole sold 440 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $136.45, for a total value of $60,038.00. Following the completion of the transaction, the vice president now owns 3,913 shares in the company, valued at $533,928.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kevin A. Stephens bought 460 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $143.35 per share, for a total transaction of $65,941.00. Following the completion of the transaction, the director now directly owns 7,681 shares in the company, valued at $1,101,071.35. The disclosure for this purchase can be found here. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KEYS. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Keysight Technologies in a research report on Wednesday. Robert W. Baird lowered their target price on Keysight Technologies from $167.00 to $160.00 and set an “outperform” rating for the company in a report on Monday. JPMorgan Chase & Co. lifted their price target on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday. Susquehanna decreased their price objective on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a research note on Wednesday. Finally, Vertical Research initiated coverage on shares of Keysight Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $166.30.

About Keysight Technologies

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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.