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.

Featured Article: How Do You Calculate Return on Equity (ROE)?

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

Receive News & Ratings for Agilent Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilent Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit