Analysts Expect AGCO Co. (AGCO) Will Post Earnings of $0.84 Per Share

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.

A number of brokerages recently commented on AGCO. Deutsche Bank restated a “buy” rating on shares of AGCO in a report on Monday. ValuEngine cut AGCO from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. JPMorgan Chase & Co. cut AGCO from a “neutral” rating to an “underweight” rating and set a $55.00 target price for the company. in a report on Monday, August 13th. TheStreet upgraded AGCO from a “c+” rating to a “b-” rating in a report on Tuesday, July 31st. Finally, Jefferies Financial Group restated a “hold” rating and set a $70.00 target price on shares of AGCO in a report on Friday, July 20th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $71.00.

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.

About AGCO

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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Earnings History and Estimates for AGCO (NYSE:AGCO)

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