AGCO Corporation (NYSE:AGCO) will post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect AGCO Corporation to post earnings of $0.72 per share for the quarter.
AGCO Corporation (NYSE:AGCO) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. AGCO Corporation had a net margin of 2.40% and a return on equity of 6.84%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts expect AGCO Corporation to post $3.06 EPS for the current fiscal year and $3.82 EPS for the next fiscal year.
Shares of AGCO Corporation (NYSE:AGCO) opened at 72.80 on Friday. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 31.83 and a beta of 0.86. The firm’s 50-day moving average is $72.41 and its 200-day moving average is $68.12. AGCO Corporation has a 12-month low of $48.93 and a 12-month high of $75.58.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, November 14th. AGCO Corporation’s payout ratio is currently 24.56%.
Several equities research analysts have recently weighed in on the stock. BidaskClub cut shares of AGCO Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. UBS AG set a $72.00 price objective on shares of AGCO Corporation and gave the stock a “hold” rating in a research report on Saturday, October 21st. Piper Jaffray Companies reiterated a “hold” rating and set a $66.00 price objective on shares of AGCO Corporation in a research report on Thursday, October 19th. Bank of America Corporation cut shares of AGCO Corporation from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $74.65 to $70.00 in a research report on Friday, October 13th. Finally, Zacks Investment Research cut shares of AGCO Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. AGCO Corporation currently has an average rating of “Hold” and a consensus price target of $68.29.
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In other AGCO Corporation news, SVP Robert B. Crain sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $71.78, for a total value of $1,076,700.00. Following the completion of the sale, the senior vice president now directly owns 89,322 shares in the company, valued at $6,411,533.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Lucinda B. Smith sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $73.00, for a total transaction of $73,000.00. Following the completion of the sale, the senior vice president now owns 38,877 shares of the company’s stock, valued at $2,838,021. The disclosure for this sale can be found here. Insiders sold 26,750 shares of company stock valued at $1,921,390 over the last 90 days. Corporate insiders own 16.60% of the company’s stock.
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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