AGCO (AGCO) to Release Earnings on Thursday

AGCO (NYSE:AGCO) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect AGCO to post earnings of $2.01 per share and revenue of $3.17 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

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 the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $3.97 earnings per share. AGCO’s revenue for the quarter was down 24.8% on a year-over-year basis. On average, analysts expect AGCO to post $7 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AGCO Price Performance

AGCO stock opened at $100.63 on Tuesday. The firm’s 50-day moving average is $97.73 and its two-hundred day moving average is $95.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. AGCO has a 12-month low of $84.35 and a 12-month high of $130.26. The stock has a market capitalization of $7.51 billion, a P/E ratio of 44.53, a P/E/G ratio of 1.03 and a beta of 1.25.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a $0.29 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.15%. AGCO’s dividend payout ratio is presently 51.33%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AGCO shares. Citigroup decreased their target price on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Oppenheimer raised their target price on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group decreased their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Finally, Truist Financial raised their price target on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $107.20.

About AGCO

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.