Agilent Technologies (NYSE:A) Issues Q1 Earnings Guidance

Agilent Technologies (NYSE:AGet Free Report) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $1.20-1.23 for the period, compared to the consensus EPS estimate of $1.34. The company issued revenue guidance of $1.555-1.605 billion, compared to the consensus revenue estimate of $1.67 billion. Agilent Technologies also updated its FY 2024 guidance to $5.44-$5.55 EPS.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group cut their target price on shares of Agilent Technologies from $150.00 to $146.00 and set a buy rating for the company in a research note on Wednesday, August 16th. UBS Group cut shares of Agilent Technologies from a buy rating to a neutral rating and dropped their price objective for the company from $163.00 to $125.00 in a research note on Friday. Barclays dropped their price objective on shares of Agilent Technologies from $110.00 to $105.00 and set an underweight rating for the company in a research note on Friday, September 29th. Sanford C. Bernstein initiated coverage on shares of Agilent Technologies in a research note on Thursday, September 28th. They issued a market perform rating and a $123.00 price objective for the company. Finally, TheStreet cut shares of Agilent Technologies from a b rating to a c+ rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $143.94.

View Our Latest Stock Analysis on Agilent Technologies

Agilent Technologies Stock Up 0.7 %

Shares of NYSE:A opened at $113.98 on Tuesday. Agilent Technologies has a 12 month low of $96.80 and a 12 month high of $160.26. The company’s 50-day moving average price is $109.98 and its two-hundred day moving average price is $117.66. The company has a quick ratio of 1.68, a current ratio of 2.29 and a debt-to-equity ratio of 0.49. The firm has a market cap of $33.35 billion, a P/E ratio of 29.84, a P/E/G ratio of 2.01 and a beta of 1.04.

Agilent Technologies (NYSE:AGet Free Report) last issued its quarterly earnings data on Monday, November 20th. The medical research company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. Agilent Technologies had a net margin of 16.20% and a return on equity of 29.86%. The company’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 EPS. As a group, research analysts forecast that Agilent Technologies will post 5.41 EPS for the current fiscal year.

Agilent Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Tuesday, January 2nd will be paid a $0.236 dividend. This represents a $0.94 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, December 29th. This is a positive change from Agilent Technologies’s previous quarterly dividend of $0.23. Agilent Technologies’s dividend payout ratio (DPR) is 24.61%.

Insider Activity

In other news, VP Rodney Gonsalves sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $118.78, for a total value of $415,730.00. Following the transaction, the vice president now owns 24,219 shares of the company’s stock, valued at approximately $2,876,732.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Trading of Agilent Technologies

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Agilent Technologies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 24,531,170 shares of the medical research company’s stock valued at $3,246,209,000 after acquiring an additional 261,435 shares during the period. Geode Capital Management LLC raised its position in shares of Agilent Technologies by 2.0% in the 1st quarter. Geode Capital Management LLC now owns 6,203,779 shares of the medical research company’s stock valued at $856,310,000 after acquiring an additional 122,329 shares during the period. Morgan Stanley raised its position in shares of Agilent Technologies by 79.4% in the 4th quarter. Morgan Stanley now owns 4,145,767 shares of the medical research company’s stock valued at $620,414,000 after acquiring an additional 1,835,413 shares during the period. JPMorgan Chase & Co. raised its position in shares of Agilent Technologies by 16.2% in the 1st quarter. JPMorgan Chase & Co. now owns 2,769,368 shares of the medical research company’s stock valued at $383,114,000 after acquiring an additional 386,125 shares during the period. Finally, Norges Bank acquired a new stake in shares of Agilent Technologies in the 4th quarter valued at approximately $393,291,000. 85.42% of the stock is currently owned by institutional investors and hedge funds.

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 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; vacuum pumps, and measurement technologies.

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

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