Agilent Technologies (A) Posts Quarterly Earnings Results

Agilent Technologies (NYSE:A) released its quarterly earnings data on Monday, November 20th. The medical research company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.62 by $0.05, Bloomberg Earnings reports. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Agilent Technologies had a return on equity of 16.96% and a net margin of 15.30%. Agilent Technologies’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. Agilent Technologies updated its Q1 guidance to $0.55-0.57 EPS and its FY18 guidance to $2.50-2.56 EPS.

Agilent Technologies (NYSE:A) traded up $0.06 during mid-day trading on Wednesday, hitting $65.89. The stock had a trading volume of 1,690,108 shares, compared to its average volume of 1,864,243. The company has a quick ratio of 2.85, a current ratio of 3.30 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $21,317.89, a price-to-earnings ratio of 27.95, a PEG ratio of 2.00 and a beta of 1.27. Agilent Technologies has a 1-year low of $44.11 and a 1-year high of $70.93.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Tuesday, January 2nd will be given a $0.149 dividend. The ex-dividend date of this dividend is Friday, December 29th. This is a positive change from Agilent Technologies’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. Agilent Technologies’s dividend payout ratio is 25.24%.

In other Agilent Technologies news, CEO Michael R. Mcmullen sold 16,492 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $65.33, for a total transaction of $1,077,422.36. Following the transaction, the chief executive officer now directly owns 211,872 shares in the company, valued at $13,841,597.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Kaltenbach sold 5,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $65.26, for a total value of $326,300.00. Following the transaction, the insider now owns 45,143 shares in the company, valued at $2,946,032.18. The disclosure for this sale can be found here. Insiders sold 155,268 shares of company stock valued at $10,637,706 over the last 90 days.

Several research analysts have commented on A shares. Zacks Investment Research upgraded Agilent Technologies from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and set a $70.00 price objective on shares of Agilent Technologies in a report on Friday, October 20th. Cowen reiterated a “hold” rating and issued a $65.00 price target on shares of Agilent Technologies in a report on Thursday, September 28th. Jefferies Group reiterated a “buy” rating and issued a $66.00 price target on shares of Agilent Technologies in a report on Wednesday, August 9th. Finally, BidaskClub downgraded Agilent Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $68.34.

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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.

Earnings History for Agilent Technologies (NYSE:A)

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