Keysight Technologies (NYSE:KEYS) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.76-$0.82 for the period, compared to the Thomson Reuters consensus estimate of $0.75. The company issued revenue guidance of $965-$985 million, compared to the consensus revenue estimate of $964.00 million.Keysight Technologies also updated its Q1 2019 guidance to $0.76-0.82 EPS.

Shares of KEYS stock traded down $1.22 during trading hours on Tuesday, hitting $54.35. The company’s stock had a trading volume of 3,040,548 shares, compared to its average volume of 1,357,542. The company has a market capitalization of $10.87 billion, a P/E ratio of 24.37 and a beta of 1.19. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.42 and a quick ratio of 1.75. Keysight Technologies has a 12-month low of $41.33 and a 12-month high of $70.40.

Keysight Technologies (NYSE:KEYS) last released its quarterly earnings data on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $961.91 million. Keysight Technologies had a net margin of 6.50% and a return on equity of 20.58%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, sell-side analysts forecast that Keysight Technologies will post 2.88 earnings per share for the current year.

KEYS has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Keysight Technologies from a buy rating to a hold rating in a report on Wednesday, August 1st. Citigroup upped their price objective on shares of Keysight Technologies from $71.00 to $73.00 and gave the company a buy rating in a report on Wednesday, August 22nd. Robert W. Baird upped their price objective on shares of Keysight Technologies from $61.00 to $73.00 and gave the company an outperform rating in a report on Wednesday, August 22nd. Deutsche Bank upped their price objective on shares of Keysight Technologies from $66.00 to $80.00 and gave the company a buy rating in a report on Wednesday, August 22nd. Finally, Credit Suisse Group upped their price objective on shares of Keysight Technologies from $60.00 to $75.00 and gave the company an outperform rating in a report on Wednesday, August 22nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Keysight Technologies has a consensus rating of Buy and an average price target of $71.56.

In related news, CFO Neil Dougherty sold 3,999 shares of the stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $65.57, for a total transaction of $262,214.43. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.97% of the company’s stock.

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About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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