AGCO (AGCO) Issues FY18 Earnings Guidance

AGCO (NYSE:AGCO) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ~$3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.74.

A number of analysts have weighed in on the company. Credit Suisse Group decreased their price target on AGCO from $75.00 to $72.00 and set a neutral rating for the company in a report on Wednesday, February 7th. Bank of America decreased their price target on AGCO from $70.00 to $64.00 and set an underperform rating for the company in a report on Wednesday, February 7th. JPMorgan Chase & Co. upgraded AGCO from an underweight rating to a neutral rating in a report on Wednesday, February 7th. BMO Capital Markets decreased their price target on AGCO from $85.00 to $75.00 and set a market perform rating for the company in a report on Thursday, February 8th. Finally, Seaport Global Securities reiterated a hold rating on shares of AGCO in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. AGCO has an average rating of Hold and a consensus price target of $73.07.

Shares of AGCO (NYSE:AGCO) traded down $0.30 on Wednesday, hitting $67.80. The stock had a trading volume of 73,750 shares, compared to its average volume of 801,918. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.37. The firm has a market cap of $5,426.06, a P/E ratio of 29.42, a PEG ratio of 1.46 and a beta of 0.77. AGCO has a 12 month low of $58.00 and a 12 month high of $75.95.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). AGCO had a net margin of 2.24% and a return on equity of 8.04%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The business’s quarterly revenue was up 20.7% on a year-over-year basis. equities research analysts predict that AGCO will post 3.71 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be given a $0.15 dividend. This is a boost from AGCO’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, February 14th. This represents a $0.60 annualized dividend and a yield of 0.88%. AGCO’s dividend payout ratio (DPR) is presently 24.14%.

In related news, SVP Robert B. Crain sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $70.72, for a total value of $495,040.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.60% of the stock is currently owned by company insiders.

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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.

Earnings History and Estimates for AGCO (NYSE:AGCO)

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