Wall Street brokerages predict that AGCO Co. (NYSE:AGCO) will report $0.30 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for AGCO’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.13. AGCO posted earnings per share of $1.82 in the same quarter last year, which suggests a negative year over year growth rate of 83.5%. The firm is scheduled to report its next earnings results on Tuesday, August 4th.
On average, analysts expect that AGCO will report full year earnings of $2.29 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.80. For the next year, analysts anticipate that the firm will post earnings of $4.10 per share, with EPS estimates ranging from $3.50 to $4.68. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover AGCO.
AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.44. AGCO had a return on equity of 11.59% and a net margin of 1.39%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. AGCO’s revenue was down 3.4% on a year-over-year basis.
A number of equities analysts have issued reports on the company. Morgan Stanley lowered their target price on AGCO from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Goldman Sachs Group lowered their target price on AGCO from $70.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. Deutsche Bank cut AGCO from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup upped their target price on AGCO from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. lowered their target price on AGCO from $62.00 to $57.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $72.23.
Shares of AGCO stock traded up $0.96 during trading on Tuesday, reaching $55.46. 744,099 shares of the company’s stock were exchanged, compared to its average volume of 599,695. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.63 and a current ratio of 1.49. AGCO has a 1-year low of $35.33 and a 1-year high of $81.39. The company has a market cap of $4.08 billion, a P/E ratio of 34.66, a PEG ratio of 6.23 and a beta of 1.11. The firm’s 50-day moving average price is $54.13 and its 200 day moving average price is $60.18.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. AGCO’s payout ratio is 14.41%.
In other AGCO news, CAO Lara Thrush Long sold 2,200 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $56.55, for a total value of $124,410.00. Following the transaction, the chief accounting officer now owns 3,494 shares in the company, valued at $197,585.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 17.80% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Mason Street Advisors LLC boosted its holdings in AGCO by 0.5% in the fourth quarter. Mason Street Advisors LLC now owns 33,340 shares of the industrial products company’s stock worth $2,576,000 after acquiring an additional 155 shares in the last quarter. Sunbelt Securities Inc. bought a new position in AGCO in the fourth quarter worth approximately $3,129,000. CSat Investment Advisory L.P. raised its stake in shares of AGCO by 175.6% in the fourth quarter. CSat Investment Advisory L.P. now owns 554 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 353 shares during the last quarter. Swiss National Bank raised its stake in shares of AGCO by 0.3% in the first quarter. Swiss National Bank now owns 124,500 shares of the industrial products company’s stock worth $5,883,000 after purchasing an additional 400 shares during the last quarter. Finally, Marco Investment Management LLC raised its stake in shares of AGCO by 2.3% in the fourth quarter. Marco Investment Management LLC now owns 18,315 shares of the industrial products company’s stock worth $1,415,000 after purchasing an additional 415 shares during the last quarter. Institutional investors and hedge funds own 78.74% of the company’s stock.
AGCO Company Profile
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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