Agilent Technologies (NYSE:A) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Agilent Technologies (NYSE:AGet Rating) announced its quarterly earnings data on Monday. The medical research company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.14, MarketWatch Earnings reports. Agilent Technologies had a net margin of 18.31% and a return on equity of 30.55%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Agilent Technologies’s quarterly revenue was up 11.4% on a year-over-year basis. Agilent Technologies updated its Q1 guidance to $1.29-$1.31 EPS and its FY23 guidance to $5.61-$5.69 EPS.

Agilent Technologies Trading Up 8.1 %

NYSE:A opened at $156.86 on Wednesday. Agilent Technologies has a 12-month low of $112.52 and a 12-month high of $162.62. The firm has a market cap of $46.44 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 2.65 and a beta of 1.06. The company has a current ratio of 1.94, a quick ratio of 1.41 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $133.55 and a 200 day moving average price of $128.29.

Agilent Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Tuesday, January 3rd will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, December 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.57%. This is a positive change from Agilent Technologies’s previous quarterly dividend of $0.21. Agilent Technologies’s dividend payout ratio is currently 20.14%.

Insiders Place Their Bets

In related news, CEO Michael R. Mcmullen sold 6,775 shares of the company’s stock in a transaction that occurred on Wednesday, October 19th. The shares were sold at an average price of $130.11, for a total transaction of $881,495.25. Following the sale, the chief executive officer now directly owns 191,358 shares in the company, valued at $24,897,589.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Agilent Technologies news, SVP Michael Tang sold 3,600 shares of Agilent Technologies stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $139.50, for a total transaction of $502,200.00. Following the completion of the sale, the senior vice president now directly owns 43,280 shares of the company’s stock, valued at approximately $6,037,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael R. Mcmullen sold 6,775 shares of the stock in a transaction dated Wednesday, October 19th. The shares were sold at an average price of $130.11, for a total value of $881,495.25. Following the completion of the transaction, the chief executive officer now owns 191,358 shares in the company, valued at approximately $24,897,589.38. The disclosure for this sale can be found here. Insiders have sold a total of 35,309 shares of company stock worth $4,846,147 in the last quarter.

Hedge Funds Weigh In On Agilent Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new position in Agilent Technologies in the first quarter valued at $60,000. Covestor Ltd grew its stake in Agilent Technologies by 171.0% during the 1st quarter. Covestor Ltd now owns 1,241 shares of the medical research company’s stock worth $164,000 after buying an additional 783 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Agilent Technologies by 169.5% during the first quarter. Brown Brothers Harriman & Co. now owns 1,237 shares of the medical research company’s stock worth $164,000 after buying an additional 778 shares during the period. Geller Advisors LLC lifted its stake in Agilent Technologies by 18.5% in the first quarter. Geller Advisors LLC now owns 1,602 shares of the medical research company’s stock valued at $212,000 after buying an additional 250 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Agilent Technologies in the second quarter valued at approximately $219,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on A. KeyCorp raised their price target on shares of Agilent Technologies from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday. Cowen upped their price target on Agilent Technologies from $160.00 to $168.00 in a research note on Tuesday. Credit Suisse Group assumed coverage on Agilent Technologies in a research report on Wednesday, August 24th. They set an “outperform” rating and a $165.00 price objective for the company. StockNews.com began coverage on shares of Agilent Technologies in a research report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. Finally, SVB Leerink lifted their price target on shares of Agilent Technologies from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Agilent Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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 for Agilent Technologies (NYSE:A)

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