Keysight Technologies, Inc. Expected to Earn Q3 2024 Earnings of $1.29 Per Share (NYSE:KEYS)

Keysight Technologies, Inc. (NYSE:KEYS) – Research analysts at Zacks Research cut their Q3 2024 EPS estimates for shares of Keysight Technologies in a note issued to investors on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates that the scientific and technical instruments company will post earnings of $1.29 per share for the quarter, down from their prior forecast of $1.30. The consensus estimate for Keysight Technologies’ current full-year earnings is $5.40 per share. Zacks Research also issued estimates for Keysight Technologies’ Q4 2024 earnings at $1.49 EPS, Q3 2025 earnings at $1.61 EPS, Q4 2025 earnings at $1.69 EPS, FY2025 earnings at $6.20 EPS and Q1 2026 earnings at $1.72 EPS.

A number of other brokerages have also commented on KEYS. JPMorgan Chase & Co. lowered Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $184.00 to $170.00 in a research report on Thursday, February 15th. Citigroup boosted their price objective on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Barclays boosted their price objective on Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $160.63.

Keysight Technologies Trading Up 0.6 %

NYSE:KEYS opened at $147.43 on Wednesday. The firm’s fifty day moving average is $153.14 and its 200-day moving average is $146.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. Keysight Technologies has a 52 week low of $118.57 and a 52 week high of $172.72. The firm has a market cap of $25.74 billion, a P/E ratio of 27.05, a P/E/G ratio of 6.65 and a beta of 1.05.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm posted $1.72 EPS. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year.

Insider Activity

In other news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Keysight Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in KEYS. Valeo Financial Advisors LLC increased its position in shares of Keysight Technologies by 5.2% during the first quarter. Valeo Financial Advisors LLC now owns 2,420 shares of the scientific and technical instruments company’s stock valued at $355,000 after acquiring an additional 119 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Keysight Technologies by 20.8% during the 1st quarter. V Square Quantitative Management LLC now owns 4,174 shares of the scientific and technical instruments company’s stock worth $653,000 after acquiring an additional 720 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of Keysight Technologies during the 1st quarter worth $516,000. Venturi Wealth Management LLC boosted its stake in shares of Keysight Technologies by 28.0% during the 1st quarter. Venturi Wealth Management LLC now owns 343 shares of the scientific and technical instruments company’s stock worth $54,000 after acquiring an additional 75 shares during the last quarter. Finally, Rovin Capital UT ADV lifted its stake in shares of Keysight Technologies by 101.4% during the 1st quarter. Rovin Capital UT ADV now owns 3,945 shares of the scientific and technical instruments company’s stock valued at $617,000 after buying an additional 1,986 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Keysight Technologies Company Profile

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. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.