AGCO Co. (AGCO) Expected to Announce Earnings of $0.84 Per Share

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Wall Street analysts expect AGCO Co. (NYSE:AGCO) to announce earnings per share (EPS) of $0.84 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for AGCO’s earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.90. AGCO posted earnings of $0.79 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The firm is expected to report its next earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that AGCO will report full year earnings of $3.78 per share for the current fiscal year, with EPS estimates ranging from $3.66 to $4.00. For the next fiscal year, analysts expect that the business will report earnings of $4.69 per share, with EPS estimates ranging from $4.37 to $5.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover AGCO.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.04. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.45 billion. AGCO had a return on equity of 9.31% and a net margin of 2.44%. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reissued a “hold” rating and set a $77.00 target price on shares of AGCO in a research report on Wednesday, April 18th. Zacks Investment Research cut AGCO from a “hold” rating to a “sell” rating in a report on Friday, April 27th. ValuEngine upgraded AGCO from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Goldman Sachs Group cut AGCO from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, May 8th. Finally, TheStreet upgraded AGCO from a “c+” rating to a “b-” rating in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. AGCO has a consensus rating of “Hold” and an average target price of $72.13.

In other AGCO news, SVP Lucinda B. Smith sold 1,500 shares of the company’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $68.50, for a total value of $102,750.00. Following the completion of the sale, the senior vice president now directly owns 44,373 shares in the company, valued at approximately $3,039,550.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.60% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. lifted its stake in shares of AGCO by 0.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 93,490 shares of the industrial products company’s stock worth $6,063,000 after purchasing an additional 874 shares during the last quarter. Asset Management One Co. Ltd. increased its position in AGCO by 0.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 121,363 shares of the industrial products company’s stock valued at $7,871,000 after buying an additional 884 shares in the last quarter. Denver Investment Advisors LLC increased its position in AGCO by 2.5% during the 1st quarter. Denver Investment Advisors LLC now owns 36,190 shares of the industrial products company’s stock valued at $2,347,000 after buying an additional 886 shares in the last quarter. M&T Bank Corp increased its position in AGCO by 18.3% during the 1st quarter. M&T Bank Corp now owns 5,991 shares of the industrial products company’s stock valued at $388,000 after buying an additional 925 shares in the last quarter. Finally, AGF Investments America Inc. increased its position in AGCO by 1.9% during the 1st quarter. AGF Investments America Inc. now owns 51,426 shares of the industrial products company’s stock valued at $3,335,000 after buying an additional 941 shares in the last quarter. Institutional investors and hedge funds own 85.69% of the company’s stock.

Shares of NYSE AGCO traded down $1.99 during trading hours on Friday, hitting $59.21. 758,040 shares of the company traded hands, compared to its average volume of 814,506. The company has a market cap of $4.84 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.03 and a beta of 0.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 1.42. AGCO has a 12 month low of $56.36 and a 12 month high of $75.95.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Wednesday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, August 14th. AGCO’s payout ratio is currently 19.87%.

AGCO Company Profile

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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