Agilent Technologies (NYSE:A) Issues Q3 Earnings Guidance

Agilent Technologies (NYSE:AGet Free Report) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.25-1.28 for the period, compared to the consensus estimate of $1.45. The company issued revenue guidance of $1.535-1.575 billion, compared to the consensus revenue estimate of $1.72 billion. Agilent Technologies also updated its FY24 guidance to $5.15-5.25 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have commented on A. Stifel Nicolaus upgraded Agilent Technologies from a hold rating to a buy rating and raised their price objective for the stock from $145.00 to $163.00 in a research report on Friday, April 5th. Citigroup lifted their price target on shares of Agilent Technologies from $130.00 to $145.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. Barclays increased their price objective on shares of Agilent Technologies from $125.00 to $135.00 and gave the company an underweight rating in a research note on Wednesday, April 10th. Evercore ISI raised their price objective on shares of Agilent Technologies from $132.00 to $145.00 and gave the stock an in-line rating in a report on Thursday, April 4th. Finally, UBS Group upped their target price on shares of Agilent Technologies from $130.00 to $155.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $141.06.

Check Out Our Latest Analysis on Agilent Technologies

Agilent Technologies Trading Down 1.8 %

NYSE A traded down $2.73 during trading hours on Wednesday, hitting $145.48. The company’s stock had a trading volume of 1,559,166 shares, compared to its average volume of 1,505,970. The stock has a fifty day moving average of $144.17 and a 200 day moving average of $136.96. The company has a quick ratio of 2.04, a current ratio of 2.68 and a debt-to-equity ratio of 0.41. Agilent Technologies has a twelve month low of $96.80 and a twelve month high of $155.35. The firm has a market capitalization of $42.63 billion, a P/E ratio of 35.29, a PEG ratio of 4.04 and a beta of 1.13.

Agilent Technologies (NYSE:AGet Free Report) last released its earnings results on Tuesday, February 27th. The medical research company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.07. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. Agilent Technologies had a return on equity of 27.09% and a net margin of 18.35%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Equities research analysts forecast that Agilent Technologies will post 5.5 earnings per share for the current fiscal year.

Agilent Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Tuesday, July 2nd will be paid a $0.236 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $0.94 dividend on an annualized basis and a yield of 0.65%. Agilent Technologies’s payout ratio is 22.38%.

Insider Activity

In other news, VP Rodney Gonsalves sold 4,828 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $149.00, for a total value of $719,372.00. Following the completion of the transaction, the vice president now owns 21,329 shares in the company, valued at $3,178,021. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Rodney Gonsalves sold 4,828 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $149.00, for a total value of $719,372.00. Following the sale, the vice president now directly owns 21,329 shares in the company, valued at $3,178,021. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Heidi Fields sold 1,658 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $144.34, for a total value of $239,315.72. Following the transaction, the director now directly owns 54,976 shares of the company’s stock, valued at $7,935,235.84. The disclosure for this sale can be found here. Insiders have sold 61,610 shares of company stock worth $9,220,333 in the last 90 days.

Agilent Technologies Company Profile

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

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

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