Equities Analysts Issue Forecasts for Keysight Technologies, Inc.’s FY2024 Earnings (NYSE:KEYS)

Keysight Technologies, Inc. (NYSE:KEYS) – Equities researchers at Zacks Research lifted their FY2024 earnings estimates for Keysight Technologies in a research report issued on Tuesday, September 10th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will post earnings of $5.45 per share for the year, up from their prior estimate of $5.27. The consensus estimate for Keysight Technologies’ current full-year earnings is $5.35 per share. Zacks Research also issued estimates for Keysight Technologies’ Q4 2024 earnings at $1.42 EPS, Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $1.48 EPS, Q4 2025 earnings at $1.62 EPS, FY2025 earnings at $5.84 EPS, Q1 2026 earnings at $1.53 EPS, Q2 2026 earnings at $1.77 EPS, Q3 2026 earnings at $1.92 EPS and FY2026 earnings at $7.14 EPS.

Other equities research analysts also recently issued reports about the stock. Barclays raised their price objective on shares of Keysight Technologies from $141.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. raised their price objective on Keysight Technologies from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Vertical Research started coverage on Keysight Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $175.00 target price on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $180.00 price target on shares of Keysight Technologies in a research note on Wednesday, August 21st. Finally, Susquehanna cut their price target on Keysight Technologies from $195.00 to $185.00 and set a “positive” rating for the company in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Keysight Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.40.

Keysight Technologies Stock Up 1.1 %

Shares of NYSE KEYS opened at $150.04 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 1.52. The company has a market cap of $26.04 billion, a P/E ratio of 32.69, a PEG ratio of 5.03 and a beta of 0.97. The firm has a 50-day simple moving average of $140.54 and a two-hundred day simple moving average of $145.02. Keysight Technologies has a 1 year low of $118.57 and a 1 year high of $162.51.

Keysight Technologies (NYSE:KEYS) last announced its earnings results on Tuesday, August 20th. The scientific and technical instruments company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.35 by $0.22. Keysight Technologies had a net margin of 18.24% and a return on equity of 21.01%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company posted $2.04 EPS. The business’s quarterly revenue was down 11.9% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Richard P. Hamada sold 1,632 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $156.00, for a total value of $254,592.00. Following the completion of the sale, the director now owns 42,160 shares in the company, valued at $6,576,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Keysight Technologies news, Director Richard P. Hamada sold 1,632 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $156.00, for a total transaction of $254,592.00. Following the sale, the director now directly owns 42,160 shares of the company’s stock, valued at approximately $6,576,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lisa M. Poole sold 440 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $136.45, for a total transaction of $60,038.00. Following the completion of the transaction, the vice president now directly owns 3,913 shares of the company’s stock, valued at approximately $533,928.85. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KEYS. Sanctuary Advisors LLC purchased a new stake in Keysight Technologies in the second quarter worth about $2,342,000. Hershey Financial Advisers LLC purchased a new stake in Keysight Technologies in the second quarter valued at approximately $86,000. EP Wealth Advisors LLC grew its holdings in Keysight Technologies by 4.6% during the second quarter. EP Wealth Advisors LLC now owns 355,708 shares of the scientific and technical instruments company’s stock worth $48,643,000 after acquiring an additional 15,693 shares during the period. Wellington Wealth Strategies LLC. purchased a new stake in shares of Keysight Technologies in the second quarter valued at $204,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Keysight Technologies by 31.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,287 shares of the scientific and technical instruments company’s stock worth $313,000 after purchasing an additional 548 shares during the period. 84.58% of the stock is currently owned by institutional investors.

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.