Agilent Technologies (NYSE:A) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.71-0.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.73. The company issued revenue guidance of $1.23-1.25 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 has been the topic of several recent research reports. Deutsche Bank reiterated a buy rating and set a $90.00 price objective on shares of Agilent Technologies in a research report on Thursday, February 21st. Cowen lifted their target price on Agilent Technologies from $80.00 to $90.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. Robert W. Baird restated a buy rating and issued a $82.00 target price (up from $77.00) on shares of Agilent Technologies in a research note on Wednesday, February 20th. Zacks Investment Research cut Agilent Technologies from a buy rating to a hold rating in a report on Wednesday, January 23rd. Finally, Barclays increased their target price on Agilent Technologies from $80.00 to $83.00 and gave the stock an overweight rating in a research report 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 has an average rating of Buy and an average price target of $87.17.
Agilent Technologies stock traded up $2.17 during mid-day trading on Tuesday, reaching $76.01. The stock had a trading volume of 2,273,568 shares, compared to its average volume of 1,895,391. The stock has a market capitalization of $24.48 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 2.14 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 fifty-two week low of $60.42 and a fifty-two week high of $82.27.
Agilent Technologies (NYSE:A) last posted its quarterly earnings data on Tuesday, May 14th. The medical research company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Agilent Technologies had a return on equity of 19.90% and a net margin of 22.86%. Agilent Technologies’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. Research analysts forecast that Agilent Technologies will post 3.06 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors 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 annualized dividend and a dividend yield of 0.86%. Agilent Technologies’s dividend payout ratio (DPR) is presently 23.66%.
In other news, VP Mark Doak sold 16,421 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $77.95, for a total value of $1,280,016.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael R. Mcmullen sold 8,746 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $77.67, for a total transaction of $679,301.82. Following the transaction, the chief executive officer now owns 447,684 shares in the company, valued at $34,771,616.28. The disclosure for this sale can be found here. Insiders have sold a total of 57,329 shares of company stock valued at $4,535,225 in the last ninety days.
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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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