Q3 2024 Earnings Forecast for Keysight Technologies, Inc. (NYSE:KEYS) Issued By Zacks Research

Keysight Technologies, Inc. (NYSE:KEYS) – Investment analysts at Zacks Research dropped their Q3 2024 EPS estimates for Keysight Technologies in a report released on Tuesday, April 23rd. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will earn $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 quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. Keysight Technologies had a net margin of 18.14% and a return on equity of 26.84%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. The business’s revenue was down 8.8% on a year-over-year basis.

Other research analysts have also issued reports about the stock. Citigroup raised their target price on shares of Keysight Technologies from $157.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Barclays lifted their price objective on shares of Keysight Technologies from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. downgraded shares of Keysight Technologies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $184.00 to $170.00 in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Keysight Technologies currently has a consensus rating of “Hold” and an average price target of $160.63.

Keysight Technologies Stock Performance

NYSE KEYS opened at $146.79 on Wednesday. The stock has a market capitalization of $25.62 billion, a PE ratio of 26.93, a P/E/G ratio of 6.56 and a beta of 1.05. Keysight Technologies has a 1-year low of $118.57 and a 1-year high of $172.72. The business has a 50 day simple moving average of $153.43 and a two-hundred day simple moving average of $146.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.93 and a quick ratio of 1.44.

Institutional Trading of Keysight Technologies

A number of large investors have recently made changes to their positions in the stock. Ancora Advisors LLC purchased a new stake in Keysight Technologies in the 3rd quarter valued at about $25,000. Rise Advisors LLC bought a new stake in shares of Keysight Technologies during the first quarter valued at approximately $25,000. OFI Invest Asset Management purchased a new stake in shares of Keysight Technologies in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its stake in Keysight Technologies by 145.9% in the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the scientific and technical instruments company’s stock worth $43,000 after purchasing an additional 159 shares in the last quarter. Finally, BluePath Capital Management LLC purchased a new position in Keysight Technologies during the 3rd quarter worth $44,000. 84.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the transaction, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by corporate 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.