Wall Street brokerages predict that AGCO Corporation (NYSE:AGCO) will post earnings per share (EPS) of $0.72 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for AGCO Corporation’s earnings, with estimates ranging from $0.65 to $0.78. AGCO Corporation reported earnings of $0.51 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 41.2%. The firm is scheduled to announce its next earnings report on Wednesday, October 25th.
On average, analysts expect that AGCO Corporation will report full year earnings of $3.05 per share for the current year, with EPS estimates ranging from $3.00 to $3.15. For the next financial year, analysts forecast that the company will report earnings of $3.81 per share, with EPS estimates ranging from $3.40 to $4.49. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for AGCO Corporation.
AGCO Corporation (NYSE:AGCO) last issued its earnings results on Thursday, July 27th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.11. AGCO Corporation had a return on equity of 6.84% and a net margin of 2.40%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis.
A number of equities research analysts have recently weighed in on AGCO shares. TheStreet raised AGCO Corporation from a “c+” rating to a “b+” rating in a research note on Thursday, July 27th. BidaskClub downgraded AGCO Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $90.00 price target (up from $88.00) on shares of AGCO Corporation in a research note on Thursday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $64.00 price target on shares of AGCO Corporation in a research note on Tuesday, June 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price target on shares of AGCO Corporation in a research note on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.14.
Shares of AGCO Corporation (AGCO) traded down 1.02% during mid-day trading on Friday, hitting $72.62. The stock had a trading volume of 519,376 shares. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 31.75 and a beta of 0.88. AGCO Corporation has a one year low of $46.75 and a one year high of $73.97. The company has a 50-day moving average of $69.21 and a 200 day moving average of $65.61.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Friday, August 11th. AGCO Corporation’s dividend payout ratio (DPR) is currently 24.56%.
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In other AGCO Corporation news, SVP Hans Bernd Veltmaat sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $66.52, for a total value of $49,890.00. Following the sale, the senior vice president now owns 68,552 shares of the company’s stock, valued at approximately $4,560,079.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lucinda B. Smith sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $73.00, for a total value of $73,000.00. Following the completion of the sale, the senior vice president now directly owns 38,877 shares in the company, valued at approximately $2,838,021. The disclosure for this sale can be found here. Insiders sold a total of 26,750 shares of company stock worth $1,921,390 in the last ninety days. Insiders own 16.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGCO. Wells Fargo & Company MN grew its holdings in AGCO Corporation by 1.6% in the 1st quarter. Wells Fargo & Company MN now owns 33,326 shares of the industrial products company’s stock valued at $2,006,000 after buying an additional 527 shares during the last quarter. World Asset Management Inc grew its holdings in shares of AGCO Corporation by 0.7% during the 1st quarter. World Asset Management Inc now owns 5,189 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 36 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of AGCO Corporation by 0.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 181,921 shares of the industrial products company’s stock worth $10,948,000 after purchasing an additional 1,684 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of AGCO Corporation during the 1st quarter worth approximately $1,966,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of AGCO Corporation by 44.2% during the 1st quarter. Ameriprise Financial Inc. now owns 293,588 shares of the industrial products company’s stock worth $17,667,000 after purchasing an additional 90,045 shares in the last quarter. 80.67% of the stock is currently owned by hedge funds and other institutional investors.
AGCO Corporation 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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