Agilent Technologies (NYSE:A) Announces Earnings Results

Agilent Technologies (NYSE:AGet Free Report) posted its earnings results on Monday. The medical research company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04, MarketWatch Earnings reports. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.67 billion. Agilent Technologies had a return on equity of 29.86% and a net margin of 16.20%. Agilent Technologies’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 earnings per share.

Agilent Technologies Trading Up 0.7 %

Shares of Agilent Technologies stock traded up $0.83 during midday trading on Monday, reaching $113.98. The company had a trading volume of 2,908,299 shares, compared to its average volume of 1,824,946. The firm has a market cap of $33.35 billion, a PE ratio of 29.84, a P/E/G ratio of 2.01 and a beta of 1.04. The stock has a fifty day moving average price of $109.96 and a 200 day moving average price of $117.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.29 and a quick ratio of 1.68. Agilent Technologies has a fifty-two week low of $96.80 and a fifty-two week high of $160.26.

Agilent Technologies Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on A. Robert W. Baird cut their price target on shares of Agilent Technologies from $144.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, August 16th. Jefferies Financial Group cut their price target on shares of Agilent Technologies from $150.00 to $146.00 and set a “buy” rating on the stock in a report on Wednesday, August 16th. Sanford C. Bernstein initiated coverage on Agilent Technologies in a research report on Thursday, September 28th. They set a “market perform” rating and a $123.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Agilent Technologies from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, August 16th. Finally, TheStreet lowered Agilent Technologies from a “b” rating to a “c+” rating in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Agilent Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $143.94.

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Insider Buying and Selling

In other Agilent Technologies news, VP Rodney Gonsalves sold 3,500 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $118.78, for a total value of $415,730.00. Following the sale, the vice president now directly owns 24,219 shares in the company, valued at approximately $2,876,732.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in A. Money Concepts Capital Corp purchased a new stake in Agilent Technologies in the fourth quarter worth $26,000. Ancora Advisors LLC purchased a new stake in Agilent Technologies during the fourth quarter worth $34,000. Resurgent Financial Advisors LLC purchased a new stake in Agilent Technologies during the fourth quarter worth $57,000. Altshuler Shaham Ltd lifted its holdings in Agilent Technologies by 94.6% during the fourth quarter. Altshuler Shaham Ltd now owns 395 shares of the medical research company’s stock worth $59,000 after buying an additional 192 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in Agilent Technologies in the first quarter valued at approximately $60,000. 85.42% of the stock is currently owned by institutional investors.

About Agilent Technologies

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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.

Further Reading

Earnings History for Agilent Technologies (NYSE:A)

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