$3.05 Billion in Sales Expected for AGCO Co. (NYSE:AGCO) This Quarter

Analysts predict that AGCO Co. (NYSE:AGCO) will post $3.05 billion in sales for the current quarter, Zacks reports. Six analysts have issued estimates for AGCO’s earnings. The lowest sales estimate is $2.94 billion and the highest is $3.10 billion. AGCO reported sales of $2.72 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.1%. The business is scheduled to issue its next earnings report on Thursday, February 3rd.

According to Zacks, analysts expect that AGCO will report full-year sales of $11.04 billion for the current fiscal year, with estimates ranging from $10.92 billion to $11.08 billion. For the next fiscal year, analysts expect that the company will report sales of $11.88 billion, with estimates ranging from $11.33 billion to $12.46 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow AGCO.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, October 28th. The industrial products company reported $2.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.56. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.86 billion. AGCO had a return on equity of 21.45% and a net margin of 7.01%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS.

Several research firms have recently issued reports on AGCO. Citigroup reduced their target price on AGCO from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, November 10th. The Goldman Sachs Group raised AGCO from a “neutral” rating to a “buy” rating and set a $161.00 target price on the stock in a research note on Tuesday, August 24th. Bank of America cut AGCO from a “buy” rating to a “neutral” rating and reduced their target price for the company from $154.00 to $135.00 in a research note on Monday, November 1st. Credit Suisse Group reduced their target price on AGCO from $159.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, October 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on AGCO from $151.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, October 13th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $147.36.

Shares of AGCO traded up $2.78 during mid-day trading on Thursday, hitting $124.09. 668,759 shares of the company’s stock traded hands, compared to its average volume of 623,155. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 0.41. AGCO has a 1 year low of $88.03 and a 1 year high of $158.62. The firm has a market capitalization of $9.29 billion, a P/E ratio of 12.53, a PEG ratio of 0.69 and a beta of 1.33. The business’s 50-day moving average price is $125.44 and its 200-day moving average price is $130.32.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Monday, November 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Friday, November 12th. AGCO’s dividend payout ratio (DPR) is 8.08%.

In other news, SVP Hans Bernd Veltmaat sold 5,050 shares of the company’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $138.28, for a total transaction of $698,314.00. Following the transaction, the senior vice president now directly owns 125,590 shares of the company’s stock, valued at $17,366,585.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 17.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP increased its position in AGCO by 47.5% during the second quarter. First Trust Advisors LP now owns 176,461 shares of the industrial products company’s stock valued at $23,007,000 after acquiring an additional 56,861 shares during the last quarter. Canada Pension Plan Investment Board increased its position in AGCO by 329.1% during the first quarter. Canada Pension Plan Investment Board now owns 36,383 shares of the industrial products company’s stock valued at $5,226,000 after acquiring an additional 27,904 shares during the last quarter. Natixis purchased a new stake in AGCO in the second quarter worth about $16,702,000. Public Employees Retirement System of Ohio increased its position in AGCO by 4.7% in the second quarter. Public Employees Retirement System of Ohio now owns 55,232 shares of the industrial products company’s stock worth $7,201,000 after buying an additional 2,477 shares in the last quarter. Finally, Impax Asset Management Group plc increased its position in AGCO by 4.1% in the second quarter. Impax Asset Management Group plc now owns 256,135 shares of the industrial products company’s stock worth $33,395,000 after buying an additional 9,995 shares in the last quarter. Institutional investors own 76.32% of the company’s stock.

About AGCO

AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. It operates through the following geographic segments: North America; South America; Europe and Middle East; and Asia, Pacific, and Africa. The Asia/Pacific/Africa segment includes the regions of Australia and New Zealand.

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Earnings History and Estimates for AGCO (NYSE:AGCO)

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