Q3 2024 EPS Estimates for Keysight Technologies, Inc. Reduced by Analyst (NYSE:KEYS)

Keysight Technologies, Inc. (NYSE:KEYS) – Stock analysts at Zacks Research cut their Q3 2024 earnings per share estimates for Keysight Technologies in a report released on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will post earnings of $1.29 per share for the quarter, down from their prior estimate 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.

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

Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. cut shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $184.00 to $170.00 in a research report on Thursday, February 15th. Barclays lifted their target price on Keysight Technologies from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Finally, Citigroup upped their price target on Keysight Technologies from $157.00 to $168.00 and gave the stock a “buy” 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 currently has an average rating of “Hold” and a consensus price target of $160.63.

Keysight Technologies Trading Up 1.4 %

NYSE KEYS opened at $146.79 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.93. The firm has a market cap of $25.62 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 6.56 and a beta of 1.05. The firm has a 50 day simple moving average of $153.43 and a 200-day simple moving average of $146.42. Keysight Technologies has a one year low of $118.57 and a one year high of $172.72.

Hedge Funds Weigh In On Keysight Technologies

Large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC lifted its holdings in shares of Keysight Technologies by 145.9% in the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock valued at $43,000 after purchasing an additional 159 shares during the last quarter. Everence Capital Management Inc. boosted its holdings in shares of Keysight Technologies by 161.6% in the fourth quarter. Everence Capital Management Inc. now owns 20,071 shares of the scientific and technical instruments company’s stock valued at $3,193,000 after acquiring an additional 12,400 shares during the period. Lazard Asset Management LLC grew its position in shares of Keysight Technologies by 45.5% during the third quarter. Lazard Asset Management LLC now owns 282,601 shares of the scientific and technical instruments company’s stock worth $37,390,000 after acquiring an additional 88,406 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Keysight Technologies by 5.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,778 shares of the scientific and technical instruments company’s stock valued at $368,000 after acquiring an additional 151 shares during the period. Finally, Nordea Investment Management AB raised its position in Keysight Technologies by 27.6% in the 3rd quarter. Nordea Investment Management AB now owns 718,297 shares of the scientific and technical instruments company’s stock valued at $96,209,000 after purchasing an additional 155,226 shares during the last quarter. Institutional investors and hedge funds own 84.58% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Kailash Narayanan sold 4,300 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total value of $657,384.00. Following the transaction, the senior vice president now owns 29,156 shares in the company, valued at approximately $4,457,369.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

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.