Keysight Technologies (NYSE:KEYS) Releases Earnings Results, Beats Expectations By $0.59 EPS

Keysight Technologies (NYSE:KEYS) released its earnings results on Tuesday. The scientific and technical instruments company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.59, FiscalAI reports. Keysight Technologies had a return on equity of 21.58% and a net margin of 17.25%.The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.75 billion.

Keysight Technologies Stock Performance

Shares of NYSE:KEYS traded down $19.80 on Tuesday, hitting $341.35. The company had a trading volume of 3,251,637 shares, compared to its average volume of 1,439,263. Keysight Technologies has a 1-year low of $152.85 and a 1-year high of $374.96. The stock has a market cap of $58.34 billion, a price-to-earnings ratio of 56.14, a P/E/G ratio of 2.04 and a beta of 1.22. The stock has a 50 day moving average price of $333.92 and a 200 day moving average price of $313.09. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.29.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KEYS shares. Robert W. Baird boosted their price target on Keysight Technologies from $375.00 to $385.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Wall Street Zen downgraded Keysight Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Keysight Technologies in a research note on Wednesday, May 20th. Weiss Ratings downgraded shares of Keysight Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Finally, Morgan Stanley upped their price target on shares of Keysight Technologies from $305.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $371.92.

Insider Activity

In related news, Director James Cullen sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $346.58, for a total value of $1,039,740.00. Following the transaction, the director owned 21,821 shares in the company, valued at approximately $7,562,722.18. This represents a 12.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satish Dhanasekaran sold 507 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $361.32, for a total transaction of $183,189.24. Following the completion of the transaction, the chief executive officer directly owned 121,391 shares in the company, valued at approximately $43,860,996.12. This represents a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,507 shares of company stock valued at $1,904,669 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Keysight Technologies

A number of institutional investors have recently made changes to their positions in KEYS. Quarry LP bought a new position in shares of Keysight Technologies during the fourth quarter worth approximately $25,000. DV Equities LLC acquired a new stake in Keysight Technologies during the 4th quarter worth approximately $49,000. Atlas Capital Advisors Inc. bought a new stake in Keysight Technologies in the 4th quarter valued at $57,000. Geneos Wealth Management Inc. increased its position in Keysight Technologies by 66.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 393 shares of the scientific and technical instruments company’s stock worth $59,000 after buying an additional 157 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Keysight Technologies during the second quarter worth $71,000. Institutional investors own 84.58% of the company’s stock.

About Keysight Technologies

Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.

Keysight’s product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.