Leerink Partners Remains Bullish on Agilent Technologies (A) Following 3Q15 Results

Leerink Partners reiterated an Outperform rating and $47.00 price target on Agilent (NYSE: A) following the company's 3Q15 earnings report. Agilent reported F3Q revenue of $1.01B, which was 1% above consensus estimate of $1.0B. Adjusted EPS of $0.44 also came in above consensus of $0.41. Management modestly lowered its FY2015 revenue guidance range from $4.05-$4.11B to $4.03-$4.05B.

Analyst Dan Leonard commented, "Agilent reported F3Q revenue of $1.01B, which was 1% above our consensus-like estimate of $1.0B. Excluding a 7% FX headwind, revenue grew organically by 9%, well above our ~7% forecast, driven by strong core revenue growth across all businesses. Adjusted EPS of $0.44 also came in above our $0.40 estimate and consensus of $0.41. The F3Q book-to-bill ratio was light at 0.94x, which management attributed to a slow F3Q start and lumpiness in orders."

For an analyst ratings summary and ratings history on Agilent click here. For more ratings news on Agilent click here.

Shares of Agilent closed at $38.82 yesterday.

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