Agilent Technologies (NYSE:A) Issues FY19 Earnings Guidance

Agilent Technologies (NYSE:A) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $3.07-$3.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.05. The company issued revenue guidance of $5.105-$5.125 billion, compared to the consensus revenue estimate of $5.11 billion.Agilent Technologies also updated its FY 2019 guidance to $3.07-3.09 EPS.

Shares of A stock traded down $2.05 during midday trading on Wednesday, hitting $65.59. 3,508,500 shares of the company were exchanged, compared to its average volume of 2,303,427. The stock has a market cap of $21.47 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 1.91 and a beta of 1.41. The company has a quick ratio of 2.82, a current ratio of 3.41 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average price of $70.86. Agilent Technologies has a 52 week low of $61.01 and a 52 week high of $82.27.

Agilent Technologies (NYSE:A) last issued its quarterly earnings data on Wednesday, August 14th. The medical research company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Agilent Technologies had a net margin of 22.25% and a return on equity of 19.71%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 EPS. As a group, equities research analysts predict that Agilent Technologies will post 3.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Tuesday, July 2nd were given a dividend of $0.164 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, July 1st. Agilent Technologies’s dividend payout ratio is 23.66%.

A number of research firms have weighed in on A. Bank of America lowered shares of Agilent Technologies from a buy rating to a neutral rating and set a $76.00 target price on the stock. in a report on Tuesday, July 16th. Wolfe Research began coverage on shares of Agilent Technologies in a report on Thursday, May 30th. They set a peer perform rating on the stock. Barclays lowered shares of Agilent Technologies from an overweight rating to an equal weight rating and reduced their target price for the stock from $86.00 to $78.00 in a report on Monday, July 15th. Deutsche Bank reduced their target price on shares of Agilent Technologies from $90.00 to $85.00 and set a buy rating on the stock in a report on Wednesday, May 15th. Finally, Zacks Investment Research lowered shares of Agilent Technologies from a hold rating to a sell rating and set a $71.00 target price on the stock. in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $83.92.

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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