$1.59 EPS Expected for AGCO Co. (NYSE:AGCO) This Quarter
Wall Street analysts forecast that AGCO Co. (NYSE:AGCO) will announce earnings per share of $1.59 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for AGCO’s earnings, with the highest EPS estimate coming in at $1.66 and the lowest estimate coming in at $1.52. AGCO posted earnings per share of $1.32 during the same quarter last year, which indicates a positive year over year growth rate of 20.5%. The business is expected to announce its next quarterly earnings results before the market opens on Tuesday, July 30th.
On average, analysts expect that AGCO will report full year earnings of $4.89 per share for the current financial year, with EPS estimates ranging from $4.65 to $5.03. For the next fiscal year, analysts expect that the company will report earnings of $5.39 per share, with EPS estimates ranging from $5.00 to $5.88. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow AGCO.
AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.44. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. AGCO had a net margin of 3.49% and a return on equity of 11.62%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS.
NYSE AGCO opened at $75.75 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.30 and a debt-to-equity ratio of 0.52. AGCO has a 52 week low of $49.50 and a 52 week high of $79.00. The firm has a market cap of $5.82 billion, a PE ratio of 17.22, a PEG ratio of 1.16 and a beta of 0.98. The business’s 50 day moving average price is $74.23.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, August 14th. AGCO’s payout ratio is 16.45%.
In related news, SVP Robert B. Crain sold 25,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $72.86, for a total value of $1,821,500.00. Following the completion of the sale, the senior vice president now owns 81,914 shares in the company, valued at approximately $5,968,254.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Martin Richenhagen sold 51,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.43, for a total transaction of $3,591,930.00. Following the completion of the sale, the chairman now owns 503,733 shares of the company’s stock, valued at approximately $35,477,915.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,000 shares of company stock valued at $12,536,330. Company insiders own 17.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its position in AGCO by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 83,894 shares of the industrial products company’s stock valued at $6,508,000 after purchasing an additional 230 shares during the last quarter. Hanson & Doremus Investment Management raised its position in AGCO by 2.0% in the 1st quarter. Hanson & Doremus Investment Management now owns 13,000 shares of the industrial products company’s stock valued at $904,000 after purchasing an additional 250 shares during the last quarter. Probity Advisors Inc. raised its position in AGCO by 1.7% in the 1st quarter. Probity Advisors Inc. now owns 22,654 shares of the industrial products company’s stock valued at $1,576,000 after purchasing an additional 384 shares during the last quarter. John G Ullman & Associates Inc. raised its position in AGCO by 7.4% in the 1st quarter. John G Ullman & Associates Inc. now owns 5,800 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 400 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its position in AGCO by 116.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 771 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 80.60% 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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