AGCO Corporation Expected to Post Q1 2018 Earnings of $0.28 Per Share (AGCO)

AGCO Corporation (NYSE:AGCO) – Research analysts at Seaport Global Securities boosted their Q1 2018 EPS estimates for AGCO in a note issued to investors on Wednesday. Seaport Global Securities analyst M. Shlisky now forecasts that the industrial products company will post earnings per share of $0.28 for the quarter, up from their previous forecast of $0.26. Seaport Global Securities also issued estimates for AGCO’s Q2 2018 earnings at $1.24 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $1.29 EPS and FY2019 earnings at $4.38 EPS.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. AGCO had a return on equity of 7.50% and a net margin of 2.59%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the business earned $0.51 earnings per share. AGCO’s revenue for the quarter was up 12.8% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and issued a $73.00 price objective on shares of AGCO in a research report on Thursday. Barclays started coverage on AGCO in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $75.00 target price for the company. Goldman Sachs Group upgraded AGCO from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Thursday, November 30th. Piper Jaffray Companies set a $68.00 target price on AGCO and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, BidaskClub lowered AGCO from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $71.60.

AGCO (AGCO) traded up $0.33 on Friday, hitting $72.70. The stock had a trading volume of 393,500 shares, compared to its average volume of 650,070. AGCO has a 12 month low of $57.06 and a 12 month high of $75.95. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $5,756.99, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.56 annualized dividend and a yield of 0.77%. AGCO’s dividend payout ratio is currently 22.05%.

In other AGCO news, SVP Robert B. Crain sold 7,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $70.72, for a total transaction of $495,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC raised its stake in AGCO by 9.6% during the third quarter. Parametric Portfolio Associates LLC now owns 357,533 shares of the industrial products company’s stock worth $26,375,000 after acquiring an additional 31,224 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in AGCO by 3.4% during the third quarter. Public Employees Retirement System of Ohio now owns 29,828 shares of the industrial products company’s stock worth $2,200,000 after acquiring an additional 980 shares in the last quarter. GSA Capital Partners LLP raised its stake in AGCO by 95.7% during the third quarter. GSA Capital Partners LLP now owns 26,792 shares of the industrial products company’s stock worth $1,976,000 after acquiring an additional 13,100 shares in the last quarter. Colony Group LLC acquired a new stake in shares of AGCO in the third quarter valued at $2,457,000. Finally, California Public Employees Retirement System increased its stake in shares of AGCO by 7.0% in the third quarter. California Public Employees Retirement System now owns 253,879 shares of the industrial products company’s stock valued at $18,729,000 after buying an additional 16,516 shares in the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.

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About AGCO

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.

Earnings History and Estimates for AGCO (NYSE:AGCO)

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