Agilent Technologies (A) Issues Q3 2019 Earnings Guidance

Agilent Technologies (NYSE:A) updated its third quarter 2019 earnings guidance on Tuesday. The company provided EPS guidance of $0.71-0.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.73. The company issued revenue guidance of $1.225-1.245 billion, compared to the consensus revenue estimate of $1.27 billion.Agilent Technologies also updated its FY 2019 guidance to $3.03-3.07 EPS.

A number of research firms recently weighed in on A. Deutsche Bank reissued a buy rating and set a $90.00 price target on shares of Agilent Technologies in a research report on Thursday, February 21st. Robert W. Baird reissued a buy rating and set a $82.00 price target (up from $77.00) on shares of Agilent Technologies in a research report on Wednesday, February 20th. Needham & Company LLC reissued a buy rating and set a $88.00 price target (up from $77.00) on shares of Agilent Technologies in a research report on Monday, February 25th. Zacks Investment Research lowered shares of Agilent Technologies from a buy rating to a hold rating in a research report on Wednesday, January 23rd. Finally, Barclays lifted their price objective on shares of Agilent Technologies from $80.00 to $83.00 and gave the stock an overweight rating in a research report on Thursday, February 21st. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $87.17.

Shares of A stock opened at $76.01 on Wednesday. The stock has a market capitalization of $23.45 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 2.05 and a beta of 1.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.79 and a current ratio of 3.39. Agilent Technologies has a 52 week low of $60.42 and a 52 week high of $82.27.

Agilent Technologies (NYSE:A) last announced its quarterly earnings data on Tuesday, May 14th. The medical research company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.27 billion. Agilent Technologies had a return on equity of 19.90% and a net margin of 22.86%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Research analysts predict that Agilent Technologies will post 3.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 2nd were paid a $0.164 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. Agilent Technologies’s payout ratio is 23.66%.

In other Agilent Technologies news, Director Paul N. Clark sold 2,823 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $80.31, for a total value of $226,715.13. Following the completion of the transaction, the director now owns 88,857 shares of the company’s stock, valued at approximately $7,136,105.67. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael Tang sold 6,728 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $80.50, for a total transaction of $541,604.00. The disclosure for this sale can be found here. Insiders sold 57,329 shares of company stock valued at $4,535,225 in the last quarter.

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Agilent Technologies Company Profile

Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. It operates through three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emission spectrometry instruments; inductively coupled plasma optical emission spectrometry instruments; raman spectroscopy; cell analysis plate based assays; flow cytometer; real-time cell analyzer; laboratory software and information management and analytics; laboratory automation and robotic systems; dissolution testing; vacuum pumps; and measurement technologies.

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Earnings History and Estimates for Agilent Technologies (NYSE:A)

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