Agilent Technologies (NYSE:A) Releases FY24 Earnings Guidance

Agilent Technologies (NYSE:AGet Free Report) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $5.44-5.55 for the period, compared to the consensus estimate of $5.64. The company issued revenue guidance of $6.71-6.81 billion, compared to the consensus revenue estimate of $6.99 billion. Agilent Technologies also updated its FY 2024 guidance to $5.44-$5.55 EPS.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TheStreet downgraded Agilent Technologies from a b rating to a c+ rating in a research report on Tuesday, August 15th. UBS Group cut Agilent Technologies from a buy rating to a neutral rating and reduced their target price for the company from $163.00 to $125.00 in a report on Friday. Evercore ISI reduced their target price on Agilent Technologies from $124.00 to $120.00 and set an in-line rating for the company in a report on Wednesday, August 16th. Barclays reduced their target price on Agilent Technologies from $110.00 to $105.00 and set an underweight rating for the company in a report on Friday, September 29th. Finally, began coverage on Agilent Technologies in a report on Thursday, October 5th. They set a buy rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to, Agilent Technologies currently has an average rating of Moderate Buy and a consensus target price of $143.94.

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Agilent Technologies Price Performance

A stock opened at $113.98 on Tuesday. The business has a fifty day moving average of $109.98 and a two-hundred day moving average of $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 stock has a market cap of $33.35 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04. Agilent Technologies has a 52-week low of $96.80 and a 52-week high of $160.26.

Agilent Technologies (NYSE:AGet Free Report) last posted its earnings results on Monday, November 20th. The medical research company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. Agilent Technologies had a return on equity of 29.86% and a net margin of 16.20%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the firm earned $1.53 earnings per share. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, research analysts anticipate that Agilent Technologies will post 5.41 earnings per share for the current year.

Agilent Technologies Increases Dividend

The company 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 dividend of $0.236 per share. This is a positive change from Agilent Technologies’s previous quarterly dividend of $0.23. This represents a $0.94 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, December 29th. Agilent Technologies’s dividend payout ratio (DPR) is currently 24.61%.

Insider Transactions at Agilent Technologies

In other news, VP Rodney Gonsalves sold 3,500 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $118.78, for a total transaction of $415,730.00. Following the completion of the transaction, the vice president now directly owns 24,219 shares in the company, valued at $2,876,732.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

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

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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