AGCO (AGCO) Scheduled to Post Earnings on Tuesday

AGCO (NYSE:AGCO) will release its earnings data before the market opens on Tuesday, July 30th. Analysts expect AGCO to post earnings of $2.95 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.03. AGCO had a return on equity of 24.02% and a net margin of 7.90%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the company earned $3.51 EPS. The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. On average, analysts expect AGCO to post $11 EPS for the current fiscal year and $10 EPS for the next fiscal year.

AGCO Price Performance

Shares of AGCO opened at $103.52 on Monday. AGCO has a twelve month low of $92.75 and a twelve month high of $136.42. The stock’s 50 day moving average is $101.58 and its two-hundred day moving average is $111.33. The firm has a market capitalization of $7.72 billion, a PE ratio of 7.00, a P/E/G ratio of 0.70 and a beta of 1.27. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.72.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, August 15th. AGCO’s dividend payout ratio is presently 7.85%.

Analyst Ratings Changes

A number of brokerages have weighed in on AGCO. Citigroup began coverage on AGCO in a report on Wednesday, June 26th. They issued a “neutral” rating and a $108.00 price objective on the stock. Truist Financial reduced their price target on shares of AGCO from $142.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Raymond James initiated coverage on shares of AGCO in a research report on Friday, June 28th. They set a “market perform” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of AGCO from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, June 28th. Finally, Oppenheimer reduced their price target on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $126.63.

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.