AGCO (NYSE:AGCO) Updates FY25 Earnings Guidance

AGCO (NYSE:AGCO) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.00-4.50 for the period, compared to the consensus estimate of $6.31. The company issued revenue guidance of $9.6 billion, compared to the consensus revenue estimate of $10.73 billion.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AGCO shares. Oppenheimer reduced their price objective on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley assumed coverage on AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target for the company. The Goldman Sachs Group reduced their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Truist Financial raised their target price on shares of AGCO from $110.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Citigroup upped their price target on shares of AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, AGCO presently has a consensus rating of “Hold” and an average price target of $112.18.

AGCO Price Performance

NYSE AGCO traded down $4.26 during trading hours on Thursday, reaching $89.87. 1,814,723 shares of the company’s stock were exchanged, compared to its average volume of 802,239. The firm has a fifty day moving average of $97.51 and a 200-day moving average of $96.14. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. AGCO has a one year low of $84.35 and a one year high of $130.26. The stock has a market cap of $6.71 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The business’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.97 earnings per share. On average, equities research analysts predict that AGCO will post 7.36 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.29%. AGCO’s payout ratio is presently 51.33%.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; 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, equestrian, and residential uses.