Brokerages Anticipate AGCO Co. (AGCO) to Announce $0.13 EPS
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.
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.
TRADEMARK VIOLATION NOTICE: “Brokerages Anticipate AGCO Co. (AGCO) to Announce $0.13 EPS” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/brokerages-anticipate-agco-co-agco-to-announce-0-13-eps/1959715.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AGCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO and related companies with MarketBeat.com's FREE daily email newsletter.