Keysight Technologies (NYSE:KEYS) Issues FY 2022 Earnings Guidance

Keysight Technologies (NYSE:KEYSGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $7.10-$7.17 for the period, compared to the consensus EPS estimate of $7.01. The company issued revenue guidance of $5.34 billion-$5.34 billion, compared to the consensus revenue estimate of $5.28 billion.Keysight Technologies also updated its Q3 2022 guidance to $1.74-$1.80 EPS.

A number of analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Keysight Technologies from $198.00 to $166.00 in a research report on Monday, May 16th. StockNews.com assumed coverage on Keysight Technologies in a report on Thursday, March 31st. They issued a buy rating on the stock. Zacks Investment Research downgraded Keysight Technologies from a buy rating to a hold rating and set a $145.00 price objective on the stock. in a report on Monday. Morgan Stanley dropped their price objective on Keysight Technologies from $190.00 to $180.00 and set an equal weight rating on the stock in a report on Tuesday, April 12th. Finally, Susquehanna Bancshares restated a buy rating and issued a $222.00 price objective on shares of Keysight Technologies in a report on Monday, February 7th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Keysight Technologies has a consensus rating of Buy and a consensus price target of $193.00.

KEYS stock traded up $3.81 during midday trading on Thursday, hitting $141.26. The stock had a trading volume of 865,134 shares, compared to its average volume of 1,174,258. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 2.48 and a beta of 1.08. Keysight Technologies has a 52 week low of $127.93 and a 52 week high of $209.08. The stock has a 50-day simple moving average of $146.60 and a 200 day simple moving average of $168.54. The company has a current ratio of 2.86, a quick ratio of 2.39 and a debt-to-equity ratio of 0.47.

Keysight Technologies (NYSE:KEYSGet Rating) last issued its quarterly earnings data on Tuesday, May 17th. The scientific and technical instruments company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Keysight Technologies had a return on equity of 30.60% and a net margin of 19.90%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $1.34 earnings per share. On average, equities analysts forecast that Keysight Technologies will post 6.07 EPS for the current year.

In other Keysight Technologies news, Director Kevin A. Stephens purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 24th. The stock was acquired at an average cost of $158.92 per share, with a total value of $158,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey K. Li sold 3,000 shares of Keysight Technologies stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of $162.34, for a total value of $487,020.00. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Zions Bancorporation N.A. grew its position in shares of Keysight Technologies by 1,148.3% during the 1st quarter. Zions Bancorporation N.A. now owns 362 shares of the scientific and technical instruments company’s stock worth $57,000 after buying an additional 333 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of Keysight Technologies by 67.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 419 shares of the scientific and technical instruments company’s stock worth $66,000 after buying an additional 169 shares during the period. KB Financial Partners LLC acquired a new position in shares of Keysight Technologies during the 4th quarter worth about $70,000. Covestor Ltd grew its position in shares of Keysight Technologies by 114.1% during the 1st quarter. Covestor Ltd now owns 1,051 shares of the scientific and technical instruments company’s stock worth $166,000 after buying an additional 560 shares during the period. Finally, Evergreen Capital Management LLC grew its position in shares of Keysight Technologies by 28.5% during the 1st quarter. Evergreen Capital Management LLC now owns 1,267 shares of the scientific and technical instruments company’s stock worth $200,000 after buying an additional 281 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Keysight Technologies Company Profile (Get Rating)

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. Its Communications Solutions Group segment provides electronic design automation (EDA) software; radio frequency and microwave test solutions, and related software; hardware and virtual network test platforms and software applications, including data center, routing and switching, software defined networking, security, and encryption; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; and optical modulation analyzers, optical component analyzers, optical power meters, and optical laser source solutions, as well as resells refurbished used Keysight equipment.

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