Agilent Technologies, Inc. (NYSE:A) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.55-0.57 for the period, compared to the Thomson Reuters consensus estimate of $0.60. The company issued revenue guidance of $1.15-1.17 billion, compared to the consensus revenue estimate of $1.15 billion.Agilent Technologies also updated its FY18 guidance to $2.50-2.56 EPS.
Agilent Technologies, Inc. (NYSE A) traded up $0.05 during mid-day trading on Monday, hitting $68.79. The stock had a trading volume of 1,823,100 shares, compared to its average volume of 1,826,623. Agilent Technologies, Inc. has a 52 week low of $42.92 and a 52 week high of $69.09. The company has a market cap of $22,520.00, a price-to-earnings ratio of 30.04, a P/E/G ratio of 2.70 and a beta of 1.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.76 and a current ratio of 3.22.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Tuesday, January 2nd will be paid a $0.149 dividend. This is a positive change from Agilent Technologies’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, December 29th. Agilent Technologies’s dividend payout ratio is currently 27.32%.
Several brokerages have recently commented on A. BidaskClub downgraded Agilent Technologies from a strong-buy rating to a buy rating in a report on Monday, July 31st. Jefferies Group LLC reissued a buy rating and issued a $66.00 target price on shares of Agilent Technologies in a report on Wednesday, August 9th. J P Morgan Chase & Co reissued an overweight rating and issued a $70.00 target price on shares of Agilent Technologies in a report on Wednesday, August 16th. Bank of America Corporation reissued an equal weight rating on shares of Agilent Technologies in a report on Tuesday, August 15th. Finally, Janney Montgomery Scott boosted their target price on Agilent Technologies from $65.00 to $70.00 and gave the stock a buy rating in a report on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Agilent Technologies currently has an average rating of Buy and an average price target of $66.70.
In other Agilent Technologies news, CFO Didier Hirsch sold 72,545 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $62.38, for a total transaction of $4,525,357.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael R. Mcmullen sold 16,492 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $65.33, for a total value of $1,077,422.36. Following the transaction, the chief executive officer now owns 211,872 shares of the company’s stock, valued at approximately $13,841,597.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,292 shares of company stock valued at $8,917,544.
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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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