$0.47 EPS Expected for AGCO Co. (NYSE:AGCO) This Quarter

Analysts expect that AGCO Co. (NYSE:AGCO) will announce earnings of $0.47 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for AGCO’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.58. AGCO reported earnings of $0.86 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 45.3%. The company is expected to issue its next quarterly earnings report on Thursday, May 7th.

According to Zacks, analysts expect that AGCO will report full year earnings of $4.27 per share for the current fiscal year, with EPS estimates ranging from $2.57 to $5.15. For the next fiscal year, analysts forecast that the business will report earnings of $5.26 per share, with EPS estimates ranging from $4.00 to $6.00. Zacks’ EPS averages are an average based on a survey of research firms that follow AGCO.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.61). The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.67 billion. AGCO had a return on equity of 11.31% and a net margin of 1.38%. AGCO’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 EPS.

A number of research analysts recently weighed in on the stock. Stephens lowered their price objective on shares of AGCO from $88.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. ValuEngine upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Morgan Stanley lowered their price objective on shares of AGCO from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday. TheStreet downgraded shares of AGCO from a “b” rating to a “c+” rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of AGCO from $71.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $79.43.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGCO. Mason Street Advisors LLC grew its stake in AGCO by 0.5% during the fourth quarter. Mason Street Advisors LLC now owns 33,340 shares of the industrial products company’s stock valued at $2,576,000 after acquiring an additional 155 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of AGCO in the 4th quarter worth $3,129,000. Janney Montgomery Scott LLC grew its stake in shares of AGCO by 3.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,955 shares of the industrial products company’s stock worth $537,000 after buying an additional 258 shares in the last quarter. Eqis Capital Management Inc. grew its stake in shares of AGCO by 4.7% in the 4th quarter. Eqis Capital Management Inc. now owns 7,514 shares of the industrial products company’s stock worth $580,000 after buying an additional 335 shares in the last quarter. Finally, CSat Investment Advisory L.P. grew its stake in shares of AGCO by 175.6% in the 4th quarter. CSat Investment Advisory L.P. now owns 554 shares of the industrial products company’s stock worth $43,000 after buying an additional 353 shares in the last quarter. Institutional investors and hedge funds own 81.45% of the company’s stock.

Shares of NYSE AGCO traded down $1.22 during midday trading on Monday, hitting $46.20. The stock had a trading volume of 620,837 shares, compared to its average volume of 897,181. The business’s 50 day moving average is $58.82 and its 200-day moving average is $71.63. The company has a market cap of $3.58 billion, a P/E ratio of 29.06, a PEG ratio of 2.84 and a beta of 1.01. AGCO has a 52 week low of $35.33 and a 52 week high of $81.39. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 14th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.64 annualized dividend and a yield of 1.39%. AGCO’s payout ratio is presently 14.41%.

About AGCO

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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Earnings History and Estimates for AGCO (NYSE:AGCO)

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