Analysts Expect AGCO Co. (AGCO) Will Post Earnings of $1.25 Per Share

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.

Several research analysts have commented on the company. ValuEngine raised AGCO from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. JPMorgan Chase & Co. lowered AGCO from a “neutral” rating to an “underweight” rating and set a $55.00 price target on the stock. in a research report on Monday, August 13th. Deutsche Bank set a $79.00 target price on AGCO and gave the company a “buy” rating in a research note on Wednesday, September 5th. Zacks Investment Research downgraded AGCO from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, BMO Capital Markets lowered their target price on AGCO from $75.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 5th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. AGCO has a consensus rating of “Hold” and a consensus target price of $67.00.

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.

About AGCO

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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Earnings History and Estimates for AGCO (NYSE:AGCO)

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