Agilent Technologies Inc. (A) Issues FY17 Earnings Guidance
Agilent Technologies Inc. (NYSE:A) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $2.10-2.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.19. The company issued revenue guidance of $4.35-4.37 billion, compared to the consensus revenue estimate of $4.36 billion.Agilent Technologies also updated its Q1 guidance to $0.48-0.50 EPS.
Several research firms have commented on A. BTIG Research reaffirmed a buy rating on shares of Agilent Technologies in a research report on Wednesday. Leerink Swann began coverage on Agilent Technologies in a research report on Thursday, November 10th. They set an outperform rating and a $53.00 price target on the stock. Zacks Investment Research lowered Agilent Technologies from a buy rating to a hold rating in a research report on Thursday, October 20th. Bank of America Corp. set a $51.00 price target on Agilent Technologies and gave the stock a buy rating in a research report on Friday, October 7th. Finally, Goldman Sachs Group Inc. reaffirmed a buy rating and set a $53.00 price target on shares of Agilent Technologies in a research report on Wednesday, September 7th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $49.73.
Shares of Agilent Technologies Inc. (NYSE:A) opened at 46.18 on Thursday. The stock has a market capitalization of $14.98 billion, a P/E ratio of 32.02 and a beta of 1.29. Agilent Technologies Inc. has a 52-week low of $34.15 and a 52-week high of $48.63. The firm’s 50-day moving average price is $45.53 and its 200-day moving average price is $45.65.
Agilent Technologies (NYSE:A) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.07. Agilent Technologies had a return on equity of 14.97% and a net margin of 11.59%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Agilent Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts forecast that Agilent Technologies Inc. will post $1.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Tuesday, October 4th were paid a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, September 30th. Agilent Technologies’s payout ratio is currently 31.72%.
In other news, Director James Cullen sold 13,574 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $47.52, for a total transaction of $645,036.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick Kaltenbach sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $47.00, for a total value of $94,000.00. Following the sale, the insider now owns 22,463 shares in the company, valued at $1,055,761. The disclosure for this sale can be found here.
Hedge funds have recently made changes to their positions in the company. LPL Financial LLC boosted its stake in shares of Agilent Technologies by 7.5% in the third quarter. LPL Financial LLC now owns 23,091 shares of the company’s stock worth $1,082,000 after buying an additional 1,602 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Agilent Technologies by 26.9% in the third quarter. Credit Suisse AG now owns 589,420 shares of the company’s stock worth $27,756,000 after buying an additional 124,766 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Agilent Technologies by 20.1% in the third quarter. Ameritas Investment Partners Inc. now owns 7,783 shares of the company’s stock worth $367,000 after buying an additional 1,303 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Agilent Technologies during the third quarter worth $927,000. Finally, HighTower Advisors LLC boosted its stake in shares of Agilent Technologies by 0.8% in the third quarter. HighTower Advisors LLC now owns 8,691 shares of the company’s stock worth $408,000 after buying an additional 68 shares during the last quarter.
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.
Receive News & Stock Ratings for Agilent Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilent Technologies Inc. and related stocks with our FREE daily email newsletter.