Keysight Technologies, Inc. Expected to Post Q2 2023 Earnings of $1.84 Per Share (NYSE:KEYS) – Defense World
Posted by admin on Aug 22nd, 2022 
Keysight Technologies, Inc. (NYSE:KEYS – Get Rating) – Stock analysts at Jefferies Financial Group raised their Q2 2023 EPS estimates for Keysight Technologies in a research note issued on Thursday, August 18th. Jefferies Financial Group analyst B. Couillard now forecasts that the scientific and technical instruments company will earn $1.84 per share for the quarter, up from their prior forecast of $1.79. The consensus estimate for Keysight Technologies’ current full-year earnings is $6.53 per share. Jefferies Financial Group also issued estimates for Keysight Technologies’ Q3 2023 earnings at $1.90 EPS.
KEYS has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Keysight Technologies from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on shares of Keysight Technologies from $165.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. cut their target price on shares of Keysight Technologies from $200.00 to $176.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. UBS Group lowered their price target on Keysight Technologies from $220.00 to $177.00 and set a “buy” rating for the company in a report on Friday, June 17th. Finally, Citigroup upped their price target on Keysight Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Keysight Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $196.23.
Shares of NYSE:KEYS opened at $176.23 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 2.26. The firm has a market capitalization of $31.71 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 2.96 and a beta of 1.10. The firm’s 50-day moving average is $150.07 and its two-hundred day moving average is $150.29. Keysight Technologies has a 1 year low of $127.93 and a 1 year high of $209.08.
Keysight Technologies (NYSE:KEYS – Get Rating) last issued its quarterly earnings results on Wednesday, August 17th. The scientific and technical instruments company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.22. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. Keysight Technologies had a net margin of 21.00% and a return on equity of 32.13%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share.
In related news, Director Kevin A. Stephens purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, June 30th. The stock was purchased at an average cost of $136.91 per share, with a total value of $68,455.00. Following the completion of the acquisition, the director now directly owns 3,626 shares in the company, valued at $496,435.66. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Richard P. Hamada sold 1,626 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $150.00, for a total transaction of $243,900.00. Following the sale, the director now owns 42,160 shares of the company’s stock, valued at $6,324,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin A. Stephens acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, June 30th. The shares were bought at an average cost of $136.91 per share, for a total transaction of $68,455.00. Following the acquisition, the director now owns 3,626 shares of the company’s stock, valued at approximately $496,435.66. The disclosure for this purchase can be found here. Corporate insiders own 0.52% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in KEYS. GHP Investment Advisors Inc. purchased a new stake in Keysight Technologies during the second quarter worth about $26,000. TCI Wealth Advisors Inc. lifted its holdings in shares of Keysight Technologies by 82.1% in the first quarter. TCI Wealth Advisors Inc. now owns 173 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 78 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of Keysight Technologies by 3,320.0% in the first quarter. Addison Advisors LLC now owns 171 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 166 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of Keysight Technologies in the first quarter valued at about $30,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of Keysight Technologies in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.
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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.
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