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Keysight Technologies (KEYS) Set to Announce Earnings on Wednesday

Defense World · Aug 10, 2022 02:31

Keysight Technologies (NYSE:KEYS – Get Rating) is set to post its quarterly earnings results after the market closes on Wednesday, August 17th. Analysts expect Keysight Technologies to post earnings of $1.65 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Keysight Technologies (NYSE:KEYS – Get Rating) last issued its quarterly earnings results on Tuesday, May 17th. The scientific and technical instruments company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.20. Keysight Technologies had a return on equity of 30.60% and a net margin of 19.90%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm posted $1.34 EPS. Keysight Technologies's revenue was up 10.6% on a year-over-year basis. On average, analysts expect Keysight Technologies to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

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Keysight Technologies Stock Down 2.2 %

Shares of NYSE KEYS opened at $162.51 on Wednesday. Keysight Technologies has a 52-week low of $127.93 and a 52-week high of $209.08. The firm has a fifty day moving average of $145.95 and a 200-day moving average of $150.24. The stock has a market capitalization of $29.24 billion, a PE ratio of 29.39, a P/E/G ratio of 2.81 and a beta of 1.10. The company has a quick ratio of 2.26, a current ratio of 2.86 and a debt-to-equity ratio of 0.47.

Insider Activity at Keysight Technologies

In other news, Director Richard P. Hamada sold 1,626 shares of Keysight Technologies stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $150.00, for a total transaction of $243,900.00. Following the completion of the sale, the director now owns 42,160 shares in the company, valued at approximately $6,324,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Keysight Technologies news, Director Kevin A. Stephens acquired 500 shares of the business's stock in a transaction dated Thursday, June 30th. The shares were acquired at an average price of $136.91 per share, with a total value of $68,455.00. Following the completion of the transaction, the director now directly owns 3,626 shares in the company, valued at approximately $496,435.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard P. Hamada sold 1,626 shares of the business's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $150.00, for a total transaction of $243,900.00. Following the completion of the sale, the director now directly owns 42,160 shares in the company, valued at approximately $6,324,000. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Keysight Technologies

Several institutional investors and hedge funds have recently modified their holdings of KEYS. Blair William & Co. IL grew its stake in Keysight Technologies by 1.3% during the first quarter. Blair William & Co. IL now owns 6,780 shares of the scientific and technical instruments company's stock worth $1,071,000 after buying an additional 88 shares in the last quarter. Horizon Investments LLC grew its position in shares of Keysight Technologies by 2.3% during the 1st quarter. Horizon Investments LLC now owns 4,688 shares of the scientific and technical instruments company's stock worth $741,000 after buying an additional 106 shares during the period. Kinneret Advisory LLC grew its position in Keysight Technologies by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 5,735 shares of the scientific and technical instruments company's stock valued at $906,000 after purchasing an additional 129 shares during the period. Forum Financial Management LP grew its position in Keysight Technologies by 10.2% in the 1st quarter. Forum Financial Management LP now owns 1,475 shares of the scientific and technical instruments company's stock valued at $233,000 after purchasing an additional 137 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in 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 valued at $66,000 after acquiring an additional 169 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KEYS has been the subject of a number of research reports. The Goldman Sachs Group decreased their price target on shares of Keysight Technologies from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, June 1st. Morgan Stanley decreased their target price on shares of Keysight Technologies from $190.00 to $180.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 12th. UBS Group decreased their target price on shares of Keysight Technologies from $220.00 to $177.00 and set a "buy" rating for the company in a research report on Friday, June 17th. Robert W. Baird decreased their target price on shares of Keysight Technologies from $198.00 to $166.00 in a research report on Monday, May 16th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Keysight Technologies from $200.00 to $176.00 and set an "overweight" rating for the company in a report on Thursday, July 14th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $192.67.

About Keysight Technologies

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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.