Analysts expect that AGCO Co. (NYSE:AGCO) will announce sales of $2.14 billion for the current quarter, Zacks reports. Four analysts have provided estimates for AGCO’s earnings, with estimates ranging from $2.14 billion to $2.15 billion. AGCO reported sales of $1.99 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The company is scheduled to report its next earnings report on Tuesday, October 30th.
According to Zacks, analysts expect that AGCO will report full-year sales of $9.31 billion for the current fiscal year, with estimates ranging from $9.21 billion to $9.38 billion. For the next year, analysts anticipate that the firm will post sales of $9.71 billion per share, with estimates ranging from $9.52 billion to $9.93 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for AGCO.
AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.04. AGCO had a net margin of 2.44% and a return on equity of 9.31%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the business earned $1.15 EPS. The firm’s revenue was up 17.2% on a year-over-year basis.
Several analysts have recently weighed in on AGCO shares. Royal Bank of Canada reiterated a “hold” rating and set a $77.00 target price on shares of AGCO in a research report on Wednesday, April 18th. Zacks Investment Research lowered shares of AGCO from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. ValuEngine lowered shares of AGCO from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Credit Suisse Group decreased their target price on shares of AGCO from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 2nd. Finally, Citigroup decreased their target price on shares of AGCO from $76.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $72.13.
In other AGCO news, SVP Lucinda B. Smith sold 1,500 shares of the business’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $68.50, for a total value of $102,750.00. Following the transaction, the senior vice president now directly owns 44,373 shares in the company, valued at $3,039,550.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 16.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in AGCO. Whittier Trust Co. bought a new position in shares of AGCO in the second quarter worth about $124,000. CHICAGO TRUST Co NA bought a new position in shares of AGCO in the first quarter worth about $207,000. Convergence Investment Partners LLC raised its stake in shares of AGCO by 1,586.6% in the second quarter. Convergence Investment Partners LLC now owns 3,407 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 3,205 shares during the last quarter. Ostrum Asset Management bought a new position in shares of AGCO in the first quarter worth about $227,000. Finally, FDx Advisors Inc. raised its stake in shares of AGCO by 21.7% in the second quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock worth $333,000 after acquiring an additional 978 shares during the last quarter. 85.69% of the stock is owned by institutional investors.
Shares of AGCO traded down $1.99, hitting $59.21, during trading on Tuesday, MarketBeat Ratings reports. 758,040 shares of the company’s stock traded hands, compared to its average volume of 814,506. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 1.42. AGCO has a twelve month low of $56.36 and a twelve month high of $75.95. The firm has a market cap of $4.84 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.03 and a beta of 0.73.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Wednesday, August 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. AGCO’s dividend payout ratio (DPR) is presently 19.87%.
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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