AGCO (AGCO) to Release Earnings on Thursday

AGCO (NYSE:AGCO) will likely be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect AGCO to post earnings of $2.01 per share and revenue of $3.17 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm’s revenue was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.97 EPS. On average, analysts expect AGCO to post $7 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AGCO Stock Down 3.6 %

Shares of NYSE:AGCO opened at $100.63 on Tuesday. The company has a market capitalization of $7.51 billion, a PE ratio of 44.53, a P/E/G ratio of 1.03 and a beta of 1.25. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. AGCO has a twelve month low of $84.35 and a twelve month high of $130.26. The firm has a 50 day simple moving average of $97.73 and a 200-day simple moving average of $95.46.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.15%. AGCO’s dividend payout ratio is presently 51.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on AGCO shares. Morgan Stanley started coverage on shares of AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective for the company. The Goldman Sachs Group cut their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Truist Financial lifted their target price on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Finally, StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $107.20.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; 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, equestrian, and residential uses.