Agilent Technologies, Inc. (NYSE:A) Forecasted to Earn FY2024 Earnings of $5.24 Per Share

Agilent Technologies, Inc. (NYSE:AFree Report) – Analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Agilent Technologies in a research report issued to clients and investors on Wednesday, September 11th. Zacks Research analyst S. Mete now expects that the medical research company will post earnings per share of $5.24 for the year, up from their previous forecast of $5.23. The consensus estimate for Agilent Technologies’ current full-year earnings is $5.24 per share. Zacks Research also issued estimates for Agilent Technologies’ Q4 2024 earnings at $1.41 EPS, Q1 2025 earnings at $1.38 EPS, Q3 2025 earnings at $1.40 EPS, Q1 2026 earnings at $1.55 EPS, Q2 2026 earnings at $1.46 EPS, Q3 2026 earnings at $1.62 EPS and FY2026 earnings at $6.24 EPS.

Agilent Technologies (NYSE:AGet Free Report) last released its quarterly earnings results on Wednesday, August 21st. The medical research company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.56 billion. Agilent Technologies had a return on equity of 25.26% and a net margin of 21.75%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 EPS.

Several other analysts have also weighed in on A. Stifel Nicolaus reiterated a “buy” rating and issued a $151.00 price objective on shares of Agilent Technologies in a research note on Monday, August 26th. Robert W. Baird dropped their price objective on shares of Agilent Technologies from $147.00 to $136.00 and set an “outperform” rating on the stock in a report on Thursday, May 30th. Citigroup raised their target price on Agilent Technologies from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. TD Cowen upped their price target on Agilent Technologies from $153.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, JPMorgan Chase & Co. cut their price target on Agilent Technologies from $165.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $141.60.

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Agilent Technologies Price Performance

Shares of NYSE A opened at $138.65 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.78 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $40.45 billion, a PE ratio of 32.78, a P/E/G ratio of 6.36 and a beta of 1.05. The firm has a fifty day simple moving average of $136.33 and a 200 day simple moving average of $139.16. Agilent Technologies has a twelve month low of $96.80 and a twelve month high of $155.35.

Insider Activity at Agilent Technologies

In other Agilent Technologies news, CEO Padraig Mcdonnell sold 1,958 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total value of $283,910.00. Following the sale, the chief executive officer now directly owns 24,118 shares in the company, valued at approximately $3,497,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Agilent Technologies

Large investors have recently modified their holdings of the company. Gilbert & Cook Inc. lifted its position in Agilent Technologies by 12.5% in the fourth quarter. Gilbert & Cook Inc. now owns 2,872 shares of the medical research company’s stock valued at $399,000 after purchasing an additional 320 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Agilent Technologies in the fourth quarter worth $388,000. Johnson Investment Counsel Inc. bought a new stake in Agilent Technologies during the 4th quarter valued at $231,000. Dimensional Fund Advisors LP grew its holdings in Agilent Technologies by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,032,471 shares of the medical research company’s stock worth $143,550,000 after acquiring an additional 50,162 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Agilent Technologies by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,961 shares of the medical research company’s stock valued at $3,192,000 after acquiring an additional 1,042 shares during the period. 87.42% of the stock is 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 company operates in three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. 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; and vacuum pumps, and measurement technologies.

See Also

Earnings History and Estimates for Agilent Technologies (NYSE:A)

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