Zacks: Brokerages Expect AGCO Corporation (AGCO) to Announce $1.11 Earnings Per Share

Equities research analysts expect AGCO Corporation (NYSE:AGCO) to announce earnings per share of $1.11 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for AGCO’s earnings. The highest EPS estimate is $1.16 and the lowest is $1.07. AGCO posted earnings of $0.84 per share in the same quarter last year, which indicates a positive year over year growth rate of 32.1%. The firm is scheduled to report its next earnings results on Tuesday, February 6th.

On average, analysts expect that AGCO will report full year earnings of $3.03 per share for the current year, with EPS estimates ranging from $3.00 to $3.07. For the next year, analysts anticipate that the business will report earnings of $3.69 per share, with EPS estimates ranging from $3.48 to $4.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for AGCO.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.07. AGCO had a return on equity of 7.50% and a net margin of 2.59%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis.

AGCO has been the subject of several recent research reports. Deutsche Bank reaffirmed a “buy” rating and set a $86.00 price target (down from $90.00) on shares of AGCO in a report on Monday, October 9th. BidaskClub upgraded AGCO from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Goldman Sachs Group upgraded AGCO from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Thursday, November 30th. Barclays started coverage on AGCO in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $75.00 price objective for the company. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $66.00 price objective on shares of AGCO in a research report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. AGCO presently has a consensus rating of “Hold” and a consensus price target of $71.60.

Shares of AGCO (NYSE AGCO) traded down $1.58 during midday trading on Thursday, hitting $72.24. The company had a trading volume of 851,800 shares, compared to its average volume of 679,414. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. AGCO has a 52-week low of $58.00 and a 52-week high of $75.95. The firm has a market capitalization of $5,820.00, a P/E ratio of 28.44, a PEG ratio of 1.49 and a beta of 0.83.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, November 14th. AGCO’s dividend payout ratio is currently 22.05%.

In related news, SVP Robert B. Crain sold 7,000 shares of AGCO stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $70.72, for a total transaction of $495,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Moon Capital Management LLC lifted its position in AGCO by 1.9% in the fourth quarter. Moon Capital Management LLC now owns 35,854 shares of the industrial products company’s stock valued at $2,561,000 after buying an additional 680 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of AGCO by 9.6% in the third quarter. Parametric Portfolio Associates LLC now owns 357,533 shares of the industrial products company’s stock valued at $26,375,000 after buying an additional 31,224 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of AGCO by 3.4% in the third quarter. Public Employees Retirement System of Ohio now owns 29,828 shares of the industrial products company’s stock valued at $2,200,000 after buying an additional 980 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of AGCO by 95.7% in the third quarter. GSA Capital Partners LLP now owns 26,792 shares of the industrial products company’s stock valued at $1,976,000 after buying an additional 13,100 shares in the last quarter. Finally, Colony Group LLC purchased a new position in shares of AGCO in the third quarter valued at $2,457,000. Hedge funds and other institutional investors own 82.92% of the company’s stock.

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About AGCO

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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