Wall Street analysts expect AGCO Co. (NYSE:AGCO) to post sales of $1.86 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates for AGCO’s earnings. The highest sales estimate is $1.91 billion and the lowest is $1.80 billion. AGCO reported sales of $1.63 billion in the same quarter last year, which would suggest a positive year over year growth rate of 14.1%. The company is scheduled to report its next earnings results before the market opens on Tuesday, May 1st.
On average, analysts expect that AGCO will report full-year sales of $9.10 billion for the current year, with estimates ranging from $8.98 billion to $9.27 billion. For the next financial year, analysts anticipate that the firm will report sales of $9.54 billion per share, with estimates ranging from $9.28 billion to $10.00 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover AGCO.
AGCO (NYSE:AGCO) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). AGCO had a net margin of 2.24% and a return on equity of 8.04%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business’s revenue was up 20.7% compared to the same quarter last year.
Several analysts recently weighed in on AGCO shares. Morgan Stanley started coverage on AGCO in a research report on Friday, March 2nd. They set an “underweight” rating and a $69.00 price objective for the company. Seaport Global Securities reaffirmed a “hold” rating on shares of AGCO in a report on Thursday, January 18th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 target price on shares of AGCO in a report on Thursday, January 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $73.00 target price on shares of AGCO in a report on Thursday, December 21st. Finally, Credit Suisse Group lowered their target price on AGCO from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. AGCO currently has an average rating of “Hold” and an average price target of $72.80.
Shares of AGCO stock traded up $0.51 on Friday, hitting $65.48. 543,344 shares of the company’s stock were exchanged, compared to its average volume of 721,943. The company has a quick ratio of 0.66, a current ratio of 1.37 and a debt-to-equity ratio of 0.52. AGCO has a 12 month low of $58.03 and a 12 month high of $75.95. The company has a market cap of $5,095.35, a P/E ratio of 21.68, a P/E/G ratio of 1.35 and a beta of 0.83.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were paid a $0.15 dividend. This is a boost from AGCO’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. AGCO’s dividend payout ratio is presently 19.87%.
In other news, VP Richard Robinson Smith sold 1,316 shares of the stock in a transaction dated Saturday, May 19th. The stock was sold at an average price of $54.05, for a total value of $71,129.80. Following the completion of the sale, the vice president now owns 35,068 shares of the company’s stock, valued at $1,895,425.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders sold 4,385 shares of company stock valued at $268,581. Insiders own 16.60% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Invictus RG grew its stake in AGCO by 265.9% during the third quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 1,061 shares during the period. Avestar Capital LLC bought a new position in AGCO in the fourth quarter worth approximately $111,000. Hirtle Callaghan & Co LLC bought a new position in AGCO in the fourth quarter worth approximately $163,000. Tower Research Capital LLC TRC bought a new position in AGCO in the fourth quarter worth approximately $188,000. Finally, Advisor Group Inc. boosted its holdings in AGCO by 187.9% in the fourth quarter. Advisor Group Inc. now owns 2,709 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 1,768 shares in the last quarter. 81.92% of the stock is owned by institutional investors.
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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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