Wall Street brokerages expect AGCO (NYSE:AGCO) to report sales of $2.43 billion for the current quarter, according to Zacks. Four analysts have made estimates for AGCO’s earnings. The highest sales estimate is $2.49 billion and the lowest is $2.36 billion. AGCO posted sales of $2.17 billion during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The company is expected to announce its next quarterly earnings results on Thursday, July 26th.
On average, analysts expect that AGCO will report full-year sales of $9.28 billion for the current financial year, with estimates ranging from $9.12 billion to $9.35 billion. For the next financial year, analysts forecast that the company will report sales of $9.72 billion per share, with estimates ranging from $9.54 billion to $9.90 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow AGCO.
AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, May 1st. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.23. AGCO had a net margin of 2.54% and a return on equity of 8.86%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company posted ($0.02) earnings per share. AGCO’s quarterly revenue was up 23.3% compared to the same quarter last year.
Several research firms recently weighed in on AGCO. Morgan Stanley began coverage on shares of AGCO in a research report on Friday, March 2nd. They issued an “underweight” rating and a $69.00 price objective for the company. Royal Bank of Canada restated a “hold” rating and issued a $77.00 price objective on shares of AGCO in a research report on Wednesday, April 18th. Seaport Global Securities restated a “hold” rating on shares of AGCO in a research report on Thursday, January 18th. ValuEngine cut shares of AGCO from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Goldman Sachs cut shares of AGCO from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, May 8th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $72.79.
In other AGCO news, VP Richard Robinson Smith sold 2,567 shares of AGCO stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $67.72, for a total transaction of $173,837.24. Following the completion of the sale, the vice president now owns 33,431 shares of the company’s stock, valued at approximately $2,263,947.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 16.70% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in AGCO. Avestar Capital LLC bought a new stake in AGCO during the 4th quarter worth about $111,000. Hirtle Callaghan & Co LLC acquired a new position in shares of AGCO during the 4th quarter worth approximately $163,000. Tower Research Capital LLC TRC acquired a new position in shares of AGCO during the 4th quarter worth approximately $188,000. Advisor Group Inc. grew its position in shares of AGCO by 187.9% during the 4th quarter. Advisor Group Inc. now owns 2,709 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 1,768 shares in the last quarter. Finally, CHICAGO TRUST Co NA acquired a new position in shares of AGCO during the 1st quarter worth approximately $207,000. 82.58% of the stock is owned by institutional investors.
Shares of AGCO traded down $0.09, reaching $64.22, during trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 2,463 shares, compared to its average volume of 744,558. AGCO has a 52 week low of $63.71 and a 52 week high of $64.22. The company has a current ratio of 1.50, a quick ratio of 0.65 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $5.12 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 1.30 and a beta of 0.84.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, May 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Monday, May 14th. AGCO’s dividend payout ratio is presently 19.87%.
AGCO Company Profile
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses.
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