Agilent Technologies (A) Issues FY19 Earnings Guidance

Agilent Technologies (NYSE:A) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $3.03-3.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.07. The company issued revenue guidance of $5.09-5.13 billion, compared to the consensus revenue estimate of $5.19 billion.Agilent Technologies also updated its FY 2019 guidance to $3.03-3.07 EPS.

A number of brokerages recently commented on A. UBS Group assumed coverage on Agilent Technologies in a research report on Friday, March 15th. They issued a buy rating and a $92.00 price target on the stock. Cowen raised their price objective on Agilent Technologies from $80.00 to $90.00 and gave the company an outperform rating in a research note on Tuesday, March 26th. Deutsche Bank reaffirmed a buy rating and issued a $90.00 price objective on shares of Agilent Technologies in a research note on Thursday, February 21st. Robert W. Baird reaffirmed a buy rating and issued a $82.00 price objective (up from $77.00) on shares of Agilent Technologies in a research note on Wednesday, February 20th. Finally, Barclays raised their price objective on Agilent Technologies from $80.00 to $83.00 and gave the company an overweight rating in a research note on Thursday, February 21st. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Agilent Technologies currently has a consensus rating of Buy and a consensus target price of $87.17.

Shares of A stock traded up $2.17 during mid-day trading on Tuesday, reaching $76.01. 2,273,568 shares of the stock traded hands, compared to its average volume of 1,895,391. Agilent Technologies has a 1-year low of $60.42 and a 1-year high of $82.27. The firm has a market capitalization of $24.48 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.14 and a beta of 1.33. The company has a current ratio of 3.39, a quick ratio of 2.79 and a debt-to-equity ratio of 0.36.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.164 per share. The ex-dividend date was Monday, April 1st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. Agilent Technologies’s dividend payout ratio (DPR) is 23.66%.

In other news, CEO Michael R. Mcmullen sold 8,746 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $77.67, for a total transaction of $679,301.82. Following the completion of the transaction, the chief executive officer now directly owns 447,684 shares in the company, valued at $34,771,616.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Rodney Gonsalves sold 6,155 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $79.79, for a total value of $491,107.45. The disclosure for this sale can be found here. Insiders have sold 57,329 shares of company stock valued at $4,535,225 over the last 90 days.

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About Agilent Technologies

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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