Jefferies Comments on Agilent (A) Following Strong Q3 Earnings and FY12 Outlook
Tweet
Share
E-mailGet Alerts A Hot Sheet
Price: $156.30 --0%
Rating Summary:
22 Buy, 6 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 19
Rating Summary:
22 Buy, 6 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 19
Join SI Premium – FREE
Jefferies is maintaining its Buy rating and $65 price target on shares of Agilent (NYSE: A) following the release of its Q3 results.
The company released its third quarter results with earnings of $0.77 per share, $0.04 ahead of what the Street was expecting due to stronger than expected organic revenue growth and solid profit trends.
EMG revenue grew 21 percent organically as wireless manufacturing strength revealed the reality of a substantial & sustainable new product cycle benefit.
An analyst at Jefferies comments, "While VARI's core operating trajectory clearly remains dislocated, A's composite BAM organic revenue growth (+9%) remained significantly superior to that of its average peer (+7%) in the period. The unit's execution should continue to improve as VARI's core product lines are refreshed."
The firm believes that shares will continue to rebound on the strong third quarter results and solid 2012 outlook. Shares are currently trading up $0.05 or 0.13 percent to $ $37.55
Jefferies is raising its fourth quarter and 2011 EPS estimates from $0.79 and $2.85 to $0.80 and $2.91. The firm is also reaffirming its 2012 estimate of $3.30. For fiscal 2011 Jefferies forecasts $6.65 billion in revenue and $7.19 billion in fiscal 2012.
For more ratings news on Agilent click here and for the rating history of Agilent click here.
Shares of Agilent closed at $37.50 yesterday.
The company released its third quarter results with earnings of $0.77 per share, $0.04 ahead of what the Street was expecting due to stronger than expected organic revenue growth and solid profit trends.
EMG revenue grew 21 percent organically as wireless manufacturing strength revealed the reality of a substantial & sustainable new product cycle benefit.
An analyst at Jefferies comments, "While VARI's core operating trajectory clearly remains dislocated, A's composite BAM organic revenue growth (+9%) remained significantly superior to that of its average peer (+7%) in the period. The unit's execution should continue to improve as VARI's core product lines are refreshed."
The firm believes that shares will continue to rebound on the strong third quarter results and solid 2012 outlook. Shares are currently trading up $0.05 or 0.13 percent to $ $37.55
Jefferies is raising its fourth quarter and 2011 EPS estimates from $0.79 and $2.85 to $0.80 and $2.91. The firm is also reaffirming its 2012 estimate of $3.30. For fiscal 2011 Jefferies forecasts $6.65 billion in revenue and $7.19 billion in fiscal 2012.
For more ratings news on Agilent click here and for the rating history of Agilent click here.
Shares of Agilent closed at $37.50 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Etsy upgraded to buy at BofA on durable growth, buyback potential
- Nutanix (NTNX) PT Raised to $80 at Oppenheimer Into EPS
- Citi cuts Weibo stock rating to Neutral, lowers price target
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & Co, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
