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

Agilent Technologies (NYSE:A) updated its FY 2019 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 FY19 guidance to $3.07-$3.09 EPS.

Several brokerages recently issued reports on A. Piper Jaffray Companies raised their target price on shares of Agilent Technologies from $83.00 to $86.00 and gave the stock an overweight rating in a report on Thursday. Robert W. Baird restated an outperform rating and issued a $82.00 target price (up previously from $79.00) on shares of Agilent Technologies in a report on Thursday. Deutsche Bank dropped 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. Barclays cut shares of Agilent Technologies from an overweight rating to an equal weight rating and dropped their target price for the stock from $86.00 to $78.00 in a report on Monday, July 15th. Finally, ValuEngine cut shares of Agilent Technologies from a buy rating to a hold rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Agilent Technologies currently has a consensus rating of Buy and a consensus price target of $84.15.

Shares of Agilent Technologies stock opened at $71.08 on Friday. The company’s fifty day simple moving average is $70.77 and its 200-day simple moving average is $74.61. The stock has a market capitalization of $20.73 billion, a PE ratio of 25.48, a P/E/G ratio of 1.83 and a beta of 1.41. Agilent Technologies has a 1-year low of $61.01 and a 1-year high of $82.27. 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 issued its quarterly earnings results on Wednesday, August 14th. The medical research company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.04. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Agilent Technologies had a net margin of 21.06% and a return on equity of 19.83%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. As a group, research analysts anticipate that Agilent Technologies will post 3.08 EPS for the current year.

The firm also recently declared 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. This represents a $0.66 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, July 1st. Agilent Technologies’s dividend payout ratio is presently 23.66%.

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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