Keysight Technologies, Inc. (NYSE:KEYS) to Post FY2022 Earnings of $6.42 Per Share, Jefferies Financial Group Forecasts

Keysight Technologies, Inc. (NYSE:KEYS) – Jefferies Financial Group raised their FY2022 EPS estimates for Keysight Technologies in a report issued on Tuesday, November 23rd. Jefferies Financial Group analyst B. Couillard now anticipates that the scientific and technical instruments company will post earnings per share of $6.42 for the year, up from their prior forecast of $6.10. Jefferies Financial Group has a “Buy” rating and a $220.00 price objective on the stock.

Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group upped their target price on shares of Keysight Technologies from $180.00 to $192.00 and gave the company a “buy” rating in a research note on Sunday, September 26th. Credit Suisse Group upped their target price on shares of Keysight Technologies from $175.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday. Robert W. Baird upped their target price on shares of Keysight Technologies from $175.00 to $198.00 and gave the company an “outperform” rating in a research note on Thursday, November 18th. Susquehanna reiterated a “buy” rating on shares of Keysight Technologies in a research note on Monday. Finally, Barclays increased their price objective on shares of Keysight Technologies from $162.00 to $164.00 and gave the company an “equal weight” rating in a research note on Thursday, August 19th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Keysight Technologies has an average rating of “Buy” and a consensus target price of $195.00.

NYSE KEYS opened at $199.66 on Thursday. The company has a current ratio of 3.19, a quick ratio of 2.55 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $177.99 and a 200 day simple moving average of $165.01. The company has a market cap of $36.78 billion, a P/E ratio of 45.17, a P/E/G ratio of 2.69 and a beta of 0.99. Keysight Technologies has a 1 year low of $117.12 and a 1 year high of $200.76.

Keysight Technologies (NYSE:KEYS) last posted its earnings results on Monday, November 22nd. The scientific and technical instruments company reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.18. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Keysight Technologies had a net margin of 17.03% and a return on equity of 29.41%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 earnings per share.

Keysight Technologies declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 22nd that allows the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other news, SVP Huei Sin Ee sold 8,256 shares of the company’s stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $180.79, for a total value of $1,492,602.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Macquarie Group Ltd. boosted its stake in shares of Keysight Technologies by 863.5% in the 2nd quarter. Macquarie Group Ltd. now owns 1,507,777 shares of the scientific and technical instruments company’s stock valued at $232,815,000 after purchasing an additional 1,351,293 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Keysight Technologies by 122.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,616,221 shares of the scientific and technical instruments company’s stock valued at $265,529,000 after purchasing an additional 889,369 shares during the last quarter. Morgan Stanley boosted its stake in shares of Keysight Technologies by 174.6% in the 2nd quarter. Morgan Stanley now owns 1,114,110 shares of the scientific and technical instruments company’s stock valued at $172,030,000 after purchasing an additional 708,404 shares during the last quarter. Vontobel Asset Management Inc. boosted its stake in shares of Keysight Technologies by 22.7% in the 2nd quarter. Vontobel Asset Management Inc. now owns 3,304,499 shares of the scientific and technical instruments company’s stock valued at $527,120,000 after purchasing an additional 611,659 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Keysight Technologies by 97.0% in the 3rd quarter. Nordea Investment Management AB now owns 975,912 shares of the scientific and technical instruments company’s stock valued at $164,470,000 after purchasing an additional 480,441 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Keysight Technologies Company Profile

Keysight Technologies, Inc engages in the provision of electronic design and test solutions that are used in the design, development, manufacture, installation, deployment, validation, optimization and secure operation of electronics systems to communications, networking and electronics industries. It operates through the following segments: Communications Solutions Group, and Electronic Industrial Solutions Group.

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