Equities analysts expect AGCO Corporation (NYSE:AGCO) to announce $1.03 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for AGCO Corporation’s earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $0.99. AGCO Corporation posted earnings of $1.02 per share during the same quarter last year, which indicates a positive year over year growth rate of 1%. The business is expected to announce its next earnings report before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that AGCO Corporation will report full-year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.67 to $3.00. For the next year, analysts anticipate that the business will report earnings of $3.43 per share, with EPS estimates ranging from $3.15 to $3.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover AGCO Corporation.
AGCO Corporation (NYSE:AGCO) last released its quarterly earnings data on Friday, April 28th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. AGCO Corporation had a return on equity of 6.55% and a net margin of 1.90%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS.
A number of research firms recently commented on AGCO. Zacks Investment Research upgraded AGCO Corporation from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, April 11th. William Blair upgraded AGCO Corporation from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Stifel Nicolaus began coverage on AGCO Corporation in a research note on Monday, April 10th. They issued a “hold” rating and a $64.00 price target for the company. BMO Capital Markets lifted their price target on AGCO Corporation from $55.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 30th. Finally, Seaport Global Securities lifted their price target on AGCO Corporation from $57.00 to $61.00 and gave the stock a “neutral” rating in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. AGCO Corporation currently has a consensus rating of “Hold” and an average price target of $63.43.
In other news, VP Richard Robinson Smith sold 2,037 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $63.91, for a total transaction of $130,184.67. Following the completion of the transaction, the vice president now directly owns 41,717 shares in the company, valued at $2,666,133.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Lucinda B. Smith sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $64.00, for a total value of $320,000.00. Following the transaction, the senior vice president now owns 40,977 shares of the company’s stock, valued at $2,622,528. The disclosure for this sale can be found here. Insiders own 16.60% of the company’s stock.
Several institutional investors have recently modified their holdings of AGCO. Daiwa Securities Group Inc. increased its position in shares of AGCO Corporation by 22.2% in the first quarter. Daiwa Securities Group Inc. now owns 2,200 shares of the industrial products company’s stock valued at $132,000 after buying an additional 400 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of AGCO Corporation by 2.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,203 shares of the industrial products company’s stock valued at $187,000 after buying an additional 62 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of AGCO Corporation by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,367 shares of the industrial products company’s stock valued at $203,000 after buying an additional 106 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of AGCO Corporation by 59.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the industrial products company’s stock valued at $211,000 after buying an additional 1,300 shares in the last quarter. Finally, United Capital Financial Advisers LLC acquired a new position in shares of AGCO Corporation during the fourth quarter valued at about $221,000. Institutional investors and hedge funds own 84.31% of the company’s stock.
AGCO Corporation (NYSE:AGCO) traded down 1.99% on Wednesday, hitting $69.01. The stock had a trading volume of 820,202 shares. The stock has a market cap of $5.49 billion, a P/E ratio of 39.19 and a beta of 0.85. The company’s 50-day moving average is $65.40 and its 200-day moving average is $62.23. AGCO Corporation has a one year low of $46.22 and a one year high of $71.06.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, May 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $0.56 dividend on an annualized basis and a yield of 0.81%. AGCO Corporation’s payout ratio is currently 32.00%.
About AGCO Corporation
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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