AGCO (NYSE:AGCO) Updates FY25 Earnings Guidance

AGCO (NYSE:AGCO) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $4.00-4.50 for the period, compared to the consensus EPS estimate of $6.31. The company issued revenue guidance of $9.6 billion, compared to the consensus revenue estimate of $10.73 billion. AGCO also updated its FY 2025 guidance to 4.000-4.500 EPS.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AGCO. The Goldman Sachs Group dropped their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Citigroup increased their price target on shares of AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Oppenheimer dropped their price objective on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Truist Financial increased their target price on shares of AGCO from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Morgan Stanley started coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, AGCO currently has a consensus rating of “Hold” and a consensus price target of $108.10.

AGCO Trading Up 3.3 %

NYSE:AGCO opened at $93.50 on Friday. The company has a market capitalization of $6.98 billion, a PE ratio of 41.37, a P/E/G ratio of 0.56 and a beta of 1.24. AGCO has a 52-week low of $84.35 and a 52-week high of $130.26. The stock’s 50 day moving average price is $97.24 and its 200 day moving average price is $96.02. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.97 EPS. On average, research analysts anticipate that AGCO will post 7.36 EPS for the current year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, November 15th. AGCO’s dividend payout ratio is presently 51.33%.

About AGCO

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.