Equities analysts expect AGCO Co. (NYSE:AGCO) to post earnings of $0.84 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for AGCO’s earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.90. AGCO reported earnings of $0.79 per share during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The business is scheduled to report its next earnings results on Tuesday, October 30th.
On average, analysts expect that AGCO will report full year earnings of $3.78 per share for the current financial year, with EPS estimates ranging from $3.66 to $4.00. For the next fiscal year, analysts forecast that the company will report earnings of $4.76 per share, with EPS estimates ranging from $4.37 to $5.35. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for AGCO.
AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.04. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.45 billion. AGCO had a return on equity of 9.31% and a net margin of 2.44%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $1.15 earnings per share.
Several equities research analysts recently issued reports on AGCO shares. TheStreet lowered AGCO from a “b” rating to a “c+” rating in a research note on Thursday, June 21st. Deutsche Bank set a $79.00 price objective on AGCO and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered AGCO from a “neutral” rating to an “underweight” rating and set a $55.00 price objective for the company. in a research note on Monday, August 13th. ValuEngine raised AGCO from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Zacks Investment Research raised AGCO from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Tuesday, July 3rd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. AGCO currently has a consensus rating of “Hold” and a consensus price target of $71.00.
Hedge funds have recently modified their holdings of the business. Whittier Trust Co. bought a new stake in AGCO during the second quarter worth about $124,000. CHICAGO TRUST Co NA bought a new stake in AGCO during the first quarter worth about $207,000. Convergence Investment Partners LLC lifted its stake in AGCO by 1,586.6% during the second quarter. Convergence Investment Partners LLC now owns 3,407 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 3,205 shares during the last quarter. Ostrum Asset Management bought a new stake in AGCO during the first quarter worth about $227,000. Finally, FDx Advisors Inc. lifted its stake in AGCO by 21.7% during the second quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 978 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.
NYSE:AGCO traded down $0.13 during trading hours on Friday, hitting $60.44. 842,084 shares of the company’s stock traded hands, compared to its average volume of 596,474. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.02 and a beta of 0.72. AGCO has a 52 week low of $56.36 and a 52 week high of $75.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 1.42.
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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, August 14th. AGCO’s dividend payout ratio (DPR) is currently 19.87%.
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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