Agilent Technologies (NYSE:A) Updates FY 2019 Earnings Guidance

Agilent Technologies (NYSE:A) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.07-3.09 for the period, compared to the Thomson Reuters consensus earnings per share 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 Q4 2019 guidance to $0.84-0.86 EPS.

A number of analysts have issued reports on the company. Zacks Investment Research lowered Agilent Technologies from a hold rating to a sell rating and set a $71.00 price target on the stock. in a research note on Tuesday, July 16th. Bank of America lowered Agilent Technologies from a buy rating to a neutral rating and set a $76.00 price objective on the stock. in a research note on Tuesday, July 16th. Piper Jaffray Companies initiated coverage on Agilent Technologies in a research note on Tuesday, June 11th. They issued an overweight rating and a $83.00 price objective on the stock. Deutsche Bank reduced their price objective on Agilent Technologies from $90.00 to $85.00 and set a buy rating on the stock in a research note on Wednesday, May 15th. Finally, ValuEngine lowered Agilent Technologies from a buy rating to a hold rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. Agilent Technologies currently has an average rating of Buy and an average price target of $83.92.

A traded down $2.05 during trading on Wednesday, reaching $65.59. 3,508,500 shares of the company were exchanged, compared to its average volume of 2,303,427. The firm has a market capitalization of $21.47 billion, a PE ratio of 23.61, a P/E/G ratio of 1.91 and a beta of 1.41. The business’s 50 day moving average price is $70.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.82 and a current ratio of 3.41. Agilent Technologies has a 52 week low of $61.01 and a 52 week high of $82.27.

Agilent Technologies (NYSE:A) last announced its quarterly earnings results on Tuesday, May 14th. The medical research company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Agilent Technologies had a return on equity of 19.71% and a net margin of 22.25%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm posted $0.65 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, analysts forecast that Agilent Technologies will post 3.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Tuesday, July 2nd were issued a $0.164 dividend. The ex-dividend date was Monday, July 1st. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. Agilent Technologies’s dividend payout ratio (DPR) is 23.66%.

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.

Further Reading: Derivative

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

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