Equities research analysts expect AGCO (NYSE:AGCO) to report sales of $2.43 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for AGCO’s earnings, with the highest sales estimate coming in at $2.49 billion and the lowest estimate coming in at $2.36 billion. AGCO reported sales of $2.17 billion during the same quarter last year, which would suggest a positive year over year growth rate of 12%. The business is expected to issue its next quarterly earnings results on Thursday, July 26th.
On average, analysts expect that AGCO will report full-year sales of $9.28 billion for the current fiscal year, with estimates ranging from $9.12 billion to $9.35 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $9.72 billion per share, with estimates ranging from $9.54 billion to $9.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow AGCO.
AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.23. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.85 billion. AGCO had a net margin of 2.54% and a return on equity of 8.86%. The business’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) earnings per share.
AGCO traded up $1.35 during midday trading on Friday, reaching $66.43. The company’s stock had a trading volume of 874,826 shares, compared to its average volume of 745,860. The stock has a market cap of $5.10 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.84. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.65 and a current ratio of 1.50. AGCO has a 1 year low of $64.38 and a 1 year high of $64.90.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 15th will be paid a $0.15 dividend. The ex-dividend date is Monday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. AGCO’s dividend payout ratio is presently 19.87%.
Several hedge funds and other institutional investors have recently modified their holdings of AGCO. Nisa Investment Advisors LLC lifted its position in AGCO by 2.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 36,076 shares of the industrial products company’s stock valued at $2,577,000 after purchasing an additional 861 shares during the period. Hirtle Callaghan & Co LLC bought a new position in AGCO during the fourth quarter valued at approximately $163,000. Schwab Charles Investment Management Inc. lifted its position in AGCO by 5.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 271,202 shares of the industrial products company’s stock valued at $19,372,000 after purchasing an additional 13,705 shares during the period. State of Alaska Department of Revenue bought a new position in AGCO during the fourth quarter valued at approximately $285,000. Finally, SG Americas Securities LLC lifted its position in AGCO by 134.7% during the fourth quarter. SG Americas Securities LLC now owns 39,169 shares of the industrial products company’s stock valued at $2,798,000 after purchasing an additional 22,477 shares during the period. Hedge funds and other institutional investors own 82.58% of the company’s stock.
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AGCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO and related companies with MarketBeat.com's FREE daily email newsletter.