Equities analysts expect that AGCO Co. (NYSE:AGCO) will post $2.21 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for AGCO’s earnings. The lowest sales estimate is $2.10 billion and the highest is $2.28 billion. AGCO also posted sales of $2.21 billion during the same quarter last year. The business is expected to report its next earnings results before the market opens on Tuesday, October 29th.
On average, analysts expect that AGCO will report full-year sales of $9.31 billion for the current year, with estimates ranging from $9.17 billion to $9.40 billion. For the next financial year, analysts forecast that the business will report sales of $9.66 billion, with estimates ranging from $9.46 billion to $9.84 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow AGCO.
AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. AGCO had a net margin of 4.07% and a return on equity of 12.64%. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the company posted $1.32 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year.
Shares of NYSE:AGCO traded up $1.29 on Thursday, hitting $76.54. The company had a trading volume of 434,667 shares, compared to its average volume of 592,955. The firm’s 50-day simple moving average is $73.98 and its two-hundred day simple moving average is $72.50. AGCO has a 1 year low of $49.50 and a 1 year high of $80.64. The company has a quick ratio of 0.54, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 1.06 and a beta of 0.97.
In related news, CFO Andrew H. Beck sold 10,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $71.17, for a total value of $711,700.00. Following the completion of the transaction, the chief financial officer now directly owns 178,776 shares in the company, valued at approximately $12,723,487.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lara Thrush Long sold 2,326 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $73.05, for a total transaction of $169,914.30. Following the completion of the transaction, the chief accounting officer now owns 3,991 shares of the company’s stock, valued at $291,542.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,977 shares of company stock valued at $3,012,468. 17.60% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of AGCO. Steward Partners Investment Advisory LLC purchased a new stake in shares of AGCO during the 2nd quarter valued at about $50,000. First Interstate Bank purchased a new stake in shares of AGCO during the 2nd quarter valued at about $61,000. Doyle Wealth Management purchased a new stake in shares of AGCO during the 2nd quarter valued at about $78,000. SRS Capital Advisors Inc. purchased a new stake in shares of AGCO during the 2nd quarter valued at about $87,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of AGCO during the 2nd quarter valued at about $93,000. Institutional investors own 81.82% of the company’s stock.
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.
Further Reading: How is the LIBOR rate calculated?
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.