Agilent Technologies (A) Releases Q2 Earnings Guidance
Agilent Technologies (NYSE:A) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.61-0.63 for the period, compared to the Thomson Reuters consensus estimate of $0.64. The company issued revenue guidance of $1.2-1.22 billion, compared to the consensus revenue estimate of $1.17 billion.Agilent Technologies also updated its FY18 guidance to $2.62-2.68 EPS.
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Agilent Technologies from $75.00 to $80.00 and gave the stock an overweight rating in a report on Thursday. Robert W. Baird reaffirmed a buy rating and issued a $76.00 target price on shares of Agilent Technologies in a report on Thursday, January 18th. Barclays reaffirmed a buy rating and issued a $74.00 target price on shares of Agilent Technologies in a report on Monday, January 8th. Evercore ISI assumed coverage on shares of Agilent Technologies in a report on Wednesday, January 3rd. They issued an outperform rating and a $75.00 target price for the company. Finally, ValuEngine downgraded shares of Agilent Technologies from a buy rating to a hold rating in a report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Agilent Technologies has a consensus rating of Buy and a consensus price target of $70.98.
Shares of Agilent Technologies (NYSE:A) opened at $72.02 on Friday. The company has a market cap of $22,493.40, a price-to-earnings ratio of 122.07, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. Agilent Technologies has a one year low of $50.56 and a one year high of $75.00. The company has a quick ratio of 2.85, a current ratio of 3.30 and a debt-to-equity ratio of 0.37.
In other news, CFO Didier Hirsch sold 12,964 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $69.00, for a total transaction of $894,516.00. Following the sale, the chief financial officer now directly owns 184,851 shares in the company, valued at approximately $12,754,719. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark Doak sold 4,154 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $67.00, for a total transaction of $278,318.00. Following the sale, the vice president now owns 68,270 shares in the company, valued at $4,574,090. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,510 shares of company stock worth $13,922,776.
About Agilent Technologies
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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