Wall Street analysts predict that AGCO Co. (NYSE:AGCO) will post earnings of $1.25 per share for the current quarter, Zacks reports. Four analysts have provided estimates for AGCO’s earnings, with estimates ranging from $1.19 to $1.42. AGCO posted earnings of $1.10 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that AGCO will report full year earnings of $3.81 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $4.00. For the next fiscal year, analysts forecast that the firm will post earnings of $4.70 per share, with EPS estimates ranging from $4.30 to $5.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow AGCO.
AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.15 billion. AGCO had a return on equity of 9.70% and a net margin of 2.49%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share.
AGCO opened at $59.68 on Thursday. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.99 and a beta of 0.78. AGCO has a 52 week low of $49.50 and a 52 week high of $75.95. The company has a current ratio of 1.42, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. AGCO’s dividend payout ratio (DPR) is presently 19.87%.
In related news, VP Gary L. Collar sold 2,070 shares of AGCO stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $56.64, for a total value of $117,244.80. Following the sale, the vice president now directly owns 84,463 shares in the company, valued at $4,783,984.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.60% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. Great Lakes Advisors LLC boosted its position in AGCO by 6.8% during the third quarter. Great Lakes Advisors LLC now owns 107,069 shares of the industrial products company’s stock worth $6,509,000 after purchasing an additional 6,793 shares in the last quarter. Vanguard Group Inc. boosted its position in AGCO by 1.1% during the third quarter. Vanguard Group Inc. now owns 6,029,986 shares of the industrial products company’s stock worth $366,563,000 after purchasing an additional 65,104 shares in the last quarter. Morgan Stanley boosted its position in AGCO by 11.4% during the third quarter. Morgan Stanley now owns 296,476 shares of the industrial products company’s stock worth $18,021,000 after purchasing an additional 30,326 shares in the last quarter. Macquarie Group Ltd. boosted its position in AGCO by 19.8% during the third quarter. Macquarie Group Ltd. now owns 32,341 shares of the industrial products company’s stock worth $1,965,000 after purchasing an additional 5,350 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in AGCO during the third quarter worth $158,000. Hedge funds and other institutional investors own 87.03% 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.
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