AGCO Co. (NYSE:AGCO) Expected to Post Quarterly Sales of $3.05 Billion

Brokerages expect AGCO Co. (NYSE:AGCO) to report $3.05 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for AGCO’s earnings, with the lowest sales estimate coming in at $2.94 billion and the highest estimate coming in at $3.10 billion. AGCO posted sales of $2.72 billion in the same quarter last year, which would suggest a positive year over year growth rate of 12.1%. The company is scheduled to report its next quarterly earnings results on Thursday, February 3rd.

On average, analysts expect that AGCO will report full year sales of $11.04 billion for the current year, with estimates ranging from $10.92 billion to $11.08 billion. For the next year, analysts expect that the company will post sales of $11.88 billion, with estimates ranging from $11.33 billion to $12.46 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for AGCO.

AGCO (NYSE:AGCO) last released its earnings results on Thursday, October 28th. The industrial products company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.56. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.86 billion. AGCO had a net margin of 7.01% and a return on equity of 21.45%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 EPS.

AGCO has been the topic of a number of research analyst reports. Citigroup cut their price target on AGCO from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, November 10th. Deutsche Bank Aktiengesellschaft increased their target price on AGCO from $151.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, October 13th. Morgan Stanley cut their target price on AGCO from $156.00 to $153.00 and set an “overweight” rating on the stock in a report on Monday, November 1st. Bank of America cut AGCO from a “buy” rating to a “neutral” rating and cut their target price for the stock from $154.00 to $135.00 in a report on Monday, November 1st. Finally, OTR Global cut AGCO to a “positive” rating in a report on Tuesday, October 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $147.36.

In other news, SVP Hans Bernd Veltmaat sold 5,050 shares of the firm’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $138.28, for a total transaction of $698,314.00. Following the completion of the sale, the senior vice president now directly owns 125,590 shares of the company’s stock, valued at approximately $17,366,585.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 17.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Personal CFO Solutions LLC increased its holdings in AGCO by 10.6% in the 3rd quarter. Personal CFO Solutions LLC now owns 1,975 shares of the industrial products company’s stock worth $242,000 after acquiring an additional 189 shares during the last quarter. Aurora Investment Counsel increased its holdings in AGCO by 6.8% in the 3rd quarter. Aurora Investment Counsel now owns 10,413 shares of the industrial products company’s stock worth $1,276,000 after acquiring an additional 665 shares during the last quarter. Colony Group LLC increased its holdings in AGCO by 0.7% in the 3rd quarter. Colony Group LLC now owns 30,416 shares of the industrial products company’s stock worth $3,727,000 after acquiring an additional 212 shares during the last quarter. Captrust Financial Advisors increased its holdings in AGCO by 63.9% in the 3rd quarter. Captrust Financial Advisors now owns 3,002 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 1,170 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in AGCO in the 3rd quarter worth about $200,000. 76.32% of the stock is owned by hedge funds and other institutional investors.

Shares of AGCO stock traded up $2.78 on Thursday, reaching $124.09. 668,759 shares of the company’s stock were exchanged, compared to its average volume of 623,155. The company has a market capitalization of $9.29 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 0.69 and a beta of 1.33. AGCO has a 52 week low of $88.03 and a 52 week high of $158.62. The firm’s 50-day moving average is $125.44 and its two-hundred day moving average is $130.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.58 and a current ratio of 1.35.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Monday, November 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, November 12th. AGCO’s dividend payout ratio is presently 8.08%.

AGCO Company Profile

AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. It operates through the following geographic segments: North America; South America; Europe and Middle East; and Asia, Pacific, and Africa. The Asia/Pacific/Africa segment includes the regions of Australia and New Zealand.

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Earnings History and Estimates for AGCO (NYSE:AGCO)

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