$0.13 EPS Expected for AGCO Co. (AGCO) This Quarter

Wall Street brokerages expect AGCO Co. (NYSE:AGCO) to announce earnings per share of $0.13 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for AGCO’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.08. AGCO posted earnings per share of ($0.02) in the same quarter last year, which indicates a positive year-over-year growth rate of 750%. The business is scheduled to issue its next quarterly earnings report on Friday, April 27th.

According to Zacks, analysts expect that AGCO will report full-year earnings of $3.70 per share for the current fiscal 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’ earnings per share calculations are an average based on a survey of sell-side analysts that cover AGCO.

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

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

AGCO (NYSE AGCO) opened at $62.88 on Tuesday. The firm has a market cap of $5,244.23, a price-to-earnings ratio of 27.10, a PEG ratio of 1.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.37. AGCO has a twelve month low of $58.00 and a twelve month high of $75.95.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, February 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from AGCO’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. AGCO’s dividend payout ratio (DPR) is presently 25.86%.

In related news, VP Richard Robinson Smith sold 2,567 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $67.72, for a total value of $173,837.24. Following the transaction, the vice president now directly owns 33,431 shares in the company, valued at approximately $2,263,947.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 4,385 shares of company stock worth $268,581 over the last quarter. 16.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of AGCO. UBS Asset Management Americas Inc. grew its position in AGCO by 1,020.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 2,354,033 shares of the industrial products company’s stock worth $168,149,000 after purchasing an additional 2,143,931 shares during the last quarter. Millennium Management LLC grew its position in AGCO by 470.8% in the 4th quarter. Millennium Management LLC now owns 701,499 shares of the industrial products company’s stock worth $50,108,000 after purchasing an additional 578,604 shares during the last quarter. BlackRock Inc. grew its position in AGCO by 5.9% in the 4th quarter. BlackRock Inc. now owns 6,754,418 shares of the industrial products company’s stock worth $482,468,000 after purchasing an additional 378,009 shares during the last quarter. JPMorgan Chase & Co. grew its position in AGCO by 44.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 750,005 shares of the industrial products company’s stock worth $55,109,000 after purchasing an additional 230,409 shares during the last quarter. Finally, Lodge Hill Capital LLC acquired a new stake in AGCO in the 3rd quarter worth $16,967,000. 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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