Wall Street brokerages expect that AGCO Co. (NYSE:AGCO) will announce earnings per share of $0.84 for the current quarter, Zacks reports. Five analysts have issued estimates for AGCO’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.80. AGCO posted earnings per share of $0.79 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The company is expected to announce its next quarterly earnings report on Tuesday, October 30th.
According to Zacks, analysts expect that AGCO will report full-year earnings of $3.78 per share for the current year, with EPS estimates ranging from $3.66 to $4.00. For the next fiscal year, analysts anticipate that the company will post earnings of $4.76 per share, with EPS estimates ranging from $4.37 to $5.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for AGCO.
AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, July 31st. The industrial products company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. AGCO had a return on equity of 9.31% and a net margin of 2.44%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the business posted $1.15 EPS. AGCO’s revenue for the quarter was up 17.2% on a year-over-year basis.
AGCO stock traded up $0.10 during midday trading on Tuesday, reaching $60.50. 863,800 shares of the stock traded hands, compared to its average volume of 725,951. AGCO has a 12-month low of $56.36 and a 12-month high of $75.95. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 1.02 and a beta of 0.73. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.42 and a quick ratio of 0.63.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Wednesday, August 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Tuesday, August 14th. AGCO’s payout ratio is presently 19.87%.
Several institutional investors and hedge funds have recently made changes to their positions in AGCO. American Century Companies Inc. purchased a new position in shares of AGCO in the 1st quarter valued at about $487,000. Aperio Group LLC purchased a new position in shares of AGCO in the 1st quarter valued at about $2,461,000. Gabelli Funds LLC boosted its stake in shares of AGCO by 50.0% in the 1st quarter. Gabelli Funds LLC now owns 15,000 shares of the industrial products company’s stock valued at $973,000 after buying an additional 5,000 shares during the period. New York State Common Retirement Fund boosted its stake in shares of AGCO by 10.8% in the 1st quarter. New York State Common Retirement Fund now owns 232,891 shares of the industrial products company’s stock valued at $15,103,000 after buying an additional 22,731 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of AGCO by 0.7% in the 1st quarter. California Public Employees Retirement System now owns 240,918 shares of the industrial products company’s stock valued at $15,624,000 after buying an additional 1,583 shares during the period. Institutional investors and hedge funds own 84.75% of the company’s stock.
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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