Agilent Technologies Inc. Forecasted to Earn FY2016 Earnings of $1.90 Per Share (A)
Agilent Technologies Inc. (NYSE:A) – Investment analysts at Leerink Swann issued their FY2016 earnings estimates for Agilent Technologies in a research report issued to clients and investors on Wednesday. Leerink Swann analyst P. Souda expects that the brokerage will post earnings per share of $1.90 for the year. Leerink Swann currently has a “Outperform” rating and a $53.00 price target on the stock. Leerink Swann also issued estimates for Agilent Technologies’ Q4 2016 earnings at $0.51 EPS, FY2017 earnings at $2.21 EPS, FY2018 earnings at $2.52 EPS and FY2019 earnings at $2.78 EPS.
Several other equities research analysts have also weighed in on A. Zacks Investment Research raised Agilent Technologies from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, October 5th. Bank of America Corp. set a $51.00 price objective on Agilent Technologies and gave the stock a “buy” rating in a research note on Friday, October 7th. Robert W. Baird raised their price objective on Agilent Technologies from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Cowen and Company raised their price objective on Agilent Technologies from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a $53.00 price objective on shares of Agilent Technologies in a research note on Wednesday, September 7th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $49.73.
Agilent Technologies (NYSE:A) opened at 45.33 on Monday. The company has a 50-day moving average price of $45.61 and a 200 day moving average price of $45.52. Agilent Technologies has a 1-year low of $34.15 and a 1-year high of $48.63. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 31.44 and a beta of 1.29.
Agilent Technologies (NYSE:A) last released its earnings results on Wednesday, August 17th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm earned $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. Agilent Technologies had a return on equity of 14.97% and a net margin of 11.59%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share.
Institutional investors have recently bought and sold shares of the company. Cribstone Capital Management LLC acquired a new position in Agilent Technologies during the second quarter worth approximately $102,000. ClariVest Asset Management LLC acquired a new position in Agilent Technologies during the second quarter worth approximately $105,000. CENTRAL TRUST Co raised its position in Agilent Technologies by 1.3% in the second quarter. CENTRAL TRUST Co now owns 2,596 shares of the company’s stock worth $115,000 after buying an additional 34 shares during the last quarter. Penserra Capital Management LLC raised its position in Agilent Technologies by 100.0% in the third quarter. Penserra Capital Management LLC now owns 2,736 shares of the company’s stock worth $128,000 after buying an additional 1,368 shares during the last quarter. Finally, Advisor Group Inc. raised its position in Agilent Technologies by 42.7% in the third quarter. Advisor Group Inc. now owns 2,812 shares of the company’s stock worth $130,000 after buying an additional 841 shares during the last quarter.
In other news, Director Boon Hwee Koh sold 5,298 shares of Agilent Technologies stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $47.66, for a total value of $252,502.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Rodney Gonsalves sold 8,141 shares of Agilent Technologies stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $47.82, for a total value of $389,302.62. Following the completion of the transaction, the vice president now owns 16,322 shares in the company, valued at $780,518.04. The disclosure for this sale can be found here.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Tuesday, October 4th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Friday, September 30th. This represents a $0.46 annualized dividend and a yield of 1.01%. Agilent Technologies’s dividend payout ratio (DPR) is currently 31.72%.
Agilent Technologies Company Profile
Agilent Technologies, Inc provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. The Company serves the life sciences, diagnostics and applied chemical markets. It has three business segments: life sciences and applied markets business, diagnostics and genomics business, and Agilent CrossLab business.
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