Equities research analysts expect that AGCO Co. (NYSE:AGCO) will post $0.13 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have issued estimates for AGCO’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.20. AGCO reported earnings per share of ($0.02) in the same quarter last year, which would suggest a positive year over year growth rate of 750%. The company is scheduled to announce its next earnings report on Friday, April 27th.

On average, analysts expect that AGCO will report full-year earnings of $3.70 per share for the current year, with EPS estimates ranging from $3.48 to $4.00. For the next financial year, analysts expect that the business will post earnings of $4.53 per share, with EPS estimates ranging from $4.18 to $5.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow AGCO.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.40 billion. AGCO had a return on equity of 8.04% and a net margin of 2.24%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS.

AGCO has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on AGCO in a research report on Friday, March 2nd. They issued an “underweight” rating and a $69.00 target price for the company. Seaport Global Securities restated a “hold” rating on shares of AGCO in a research report on Thursday, January 18th. Royal Bank of Canada restated a “hold” rating and issued a $79.00 target price on shares of AGCO in a research report on Thursday, January 11th. Stifel Nicolaus restated a “hold” rating and issued a $73.00 target price on shares of AGCO in a research report on Thursday, December 21st. Finally, Credit Suisse Group dropped their target price on AGCO from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. AGCO has a consensus rating of “Hold” and an average target price of $72.80.

Shares of AGCO (NYSE AGCO) opened at $62.88 on Tuesday. The firm has a market capitalization of $5,244.23, a P/E ratio of 27.10, a P/E/G ratio of 1.42 and a beta of 0.82. AGCO has a 12-month low of $58.00 and a 12-month high of $75.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.37 and a quick ratio of 0.66.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th were given a $0.15 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.60 annualized dividend and a yield of 0.95%. This is an increase from AGCO’s previous quarterly dividend of $0.14. AGCO’s payout ratio is presently 25.86%.

In other AGCO news, VP Richard Robinson Smith sold 1,316 shares of the business’s stock in a transaction that occurred on Saturday, May 19th. The stock was sold at an average price of $54.05, for a total value of $71,129.80. Following the completion of the sale, the vice president now owns 35,068 shares in the company, valued at $1,895,425.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 4,385 shares of company stock valued at $268,581 in the last quarter. Corporate insiders own 16.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of AGCO by 5.9% during the fourth quarter. BlackRock Inc. now owns 6,754,418 shares of the industrial products company’s stock valued at $482,468,000 after acquiring an additional 378,009 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of AGCO by 8.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,789,037 shares of the industrial products company’s stock valued at $199,221,000 after acquiring an additional 223,112 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of AGCO by 1,020.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,354,033 shares of the industrial products company’s stock valued at $168,149,000 after acquiring an additional 2,143,931 shares in the last quarter. AGF Investments Inc. raised its holdings in shares of AGCO by 8.5% during the third quarter. AGF Investments Inc. now owns 1,496,467 shares of the industrial products company’s stock valued at $110,394,000 after acquiring an additional 117,464 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of AGCO by 11.9% during the fourth quarter. Schroder Investment Management Group now owns 1,149,232 shares of the industrial products company’s stock valued at $82,090,000 after acquiring an additional 122,435 shares in the last quarter. Institutional investors own 81.92% of the company’s stock.

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AGCO Company Profile

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.

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Earnings History and Estimates for AGCO (NYSE:AGCO)

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