Agilent Technologies (NYSE:A) Issues Q1 Earnings Guidance

Agilent Technologies (NYSE:AGet Rating) issued an update on its first quarter earnings guidance on Monday morning. The company provided EPS guidance of $1.29-$1.31 for the period, compared to the consensus EPS estimate of $1.31. The company issued revenue guidance of $1.68-$1.70 billion, compared to the consensus revenue estimate of $1.73 billion. Agilent Technologies also updated its FY23 guidance to $5.61-$5.69 EPS.

Agilent Technologies Stock Up 8.1 %

A stock opened at $156.86 on Wednesday. The stock has a market capitalization of $46.44 billion, a P/E ratio of 35.73, a PEG ratio of 2.67 and a beta of 1.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.41 and a current ratio of 1.94. Agilent Technologies has a one year low of $112.52 and a one year high of $162.62. The company has a 50 day moving average price of $133.55 and a two-hundred day moving average price of $128.29.

Agilent Technologies (NYSE:AGet Rating) last announced its quarterly earnings results on Monday, November 21st. The medical research company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.14. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.76 billion. Agilent Technologies had a net margin of 19.94% and a return on equity of 28.46%. Agilent Technologies’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $1.21 EPS. As a group, sell-side analysts expect that Agilent Technologies will post 5.07 EPS for the current year.

Agilent Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Tuesday, January 3rd will be paid a $0.225 dividend. This is a boost from Agilent Technologies’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, December 30th. This represents a $0.90 annualized dividend and a dividend yield of 0.57%. Agilent Technologies’s payout ratio is 19.13%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on A shares. Credit Suisse Group started coverage on Agilent Technologies in a research report on Wednesday, August 24th. They set an outperform rating and a $165.00 price target on the stock. SVB Leerink increased their price target on Agilent Technologies from $145.00 to $160.00 and gave the stock an outperform rating in a research note on Tuesday. KeyCorp increased their price objective on shares of Agilent Technologies from $155.00 to $165.00 and gave the company an overweight rating in a report on Tuesday. Robert W. Baird upped their target price on Agilent Technologies from $160.00 to $170.00 in a research report on Tuesday. Finally, Citigroup upped their price objective on Agilent Technologies from $145.00 to $150.00 and gave the company a neutral rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $157.00.

Insider Buying and Selling

In other Agilent Technologies news, VP Padraig Mcdonnell sold 2,103 shares of the business’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $122.89, for a total value of $258,437.67. Following the completion of the sale, the vice president now owns 13,217 shares of the company’s stock, valued at $1,624,237.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Agilent Technologies news, CEO Michael R. Mcmullen sold 6,775 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $148.19, for a total value of $1,003,987.25. Following the sale, the chief executive officer now owns 270,896 shares of the company’s stock, valued at approximately $40,144,078.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Padraig Mcdonnell sold 2,103 shares of the stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $122.89, for a total value of $258,437.67. Following the completion of the sale, the vice president now directly owns 13,217 shares of the company’s stock, valued at $1,624,237.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,309 shares of company stock worth $4,846,147.

Institutional Trading of Agilent Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC bought a new position in Agilent Technologies in the first quarter worth $60,000. Covestor Ltd boosted its stake in Agilent Technologies by 171.0% in the 1st quarter. Covestor Ltd now owns 1,241 shares of the medical research company’s stock valued at $164,000 after buying an additional 783 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Agilent Technologies by 169.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,237 shares of the medical research company’s stock valued at $164,000 after purchasing an additional 778 shares in the last quarter. Geller Advisors LLC lifted its holdings in Agilent Technologies by 18.5% during the 1st quarter. Geller Advisors LLC now owns 1,602 shares of the medical research company’s stock valued at $212,000 after purchasing an additional 250 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Agilent Technologies in the second quarter valued at approximately $219,000.

About Agilent Technologies

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Agilent Technologies, Inc provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. 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; cell imaging systems; microplate reader; laboratory software; information management and analytics; laboratory automation and robotic systems; dissolution testing; vacuum pumps, and measurement technologies.

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