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 brokerages recently commented on A. Barclays downgraded shares of Agilent Technologies from an overweight rating to an equal weight rating and lowered their target price for the stock from $86.00 to $78.00 in a research note on Monday, July 15th. Wolfe Research began coverage on shares of Agilent Technologies in a research note on Thursday, May 30th. They set a peer perform rating for the company. ValuEngine downgraded shares of Agilent Technologies from a buy rating to a hold rating in a research note on Friday, July 12th. Bank of America downgraded shares of Agilent Technologies from a buy rating to a neutral rating and set a $76.00 target price for the company. in a research note on Tuesday, July 16th. Finally, Piper Jaffray Companies began coverage on shares of Agilent Technologies in a research note on Tuesday, June 11th. They set an overweight rating and a $83.00 target price for the company. One equities research 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. The stock currently has an average rating of Buy and an average target price of $83.92.

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

Agilent Technologies (NYSE:A) last announced its earnings results on Tuesday, May 14th. The medical research company reported $0.71 earnings per share for the quarter, missing the 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 company posted $0.65 EPS. Agilent Technologies’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts expect that Agilent Technologies will post 3.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Tuesday, July 2nd were paid a dividend of $0.164 per share. 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.

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

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