Agilent to acquire Resolution Bioscience for $550 Million

  • Agilent Technologies (NYSE:A) has agreed to acquire Washington-based developer of cancer tests, Resolution Bioscience, in an all-cash deal worth $550M.
  • The deal which requires Agilent to pay an additional $145M if Resolution Bioscience achieves certain milestones is expected to close in April and will be marginally dilutive to Agilent’s non-GAAP earnings per share in fiscal 2021 and 2022, the company has said.
  • With the addition of Resolution Bioscience that develops and commercializes next-generation sequencing, or NGS-based, precision oncology products, “we are strengthening our offering to our biopharma customers,” Agilent President and CEO Mike McMullen said in a statement.
  • In 2020, Resolution Bioscience has recorded $35M in revenue which is expected to climb to $55M this year.
  • In 2019, Agilent acquired life sciences gear maker, BioTek Instruments for ~$1.2B.

    Agilent fundamentals

    For this year the company from Santa Clara could earn a total revenue around 5.93 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2020's revenue of 5.34 billion USD.

    Historical revenues and results Agilent Technologies plus estimates 2020

    koersdata Agilent Technologies

    The analysts expect for 2021 a net profit of 1.19 billion USD. For this year most of the analysts expect a profit per share of 3.89 USD. Based on this the price/earnings-ratio is 29.86.

    Per share the analysts are expecting a dividend of 79 cents per share. Thus the dividend yield equals 0.68 percent. The average dividend yield of the hardware & equipment companies is a low 0.6 percent.

    Agilent Technologies 's market value equals around 35.89 billion . The Agilent Technologies stock was the past 12 months quite unstable. Since last March the stock is even 49 percent higher. This year the stock price moved between 61 and 137 dollar.

    Price data Agilent Technologies 2007-2021

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    Click here for dividend Agilent Technologies. On Friday the stock closed at 116.14 USD.

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