AGCO Co. (AGCO) Expected to Post Quarterly Sales of $1.98 Billion

Brokerages expect that AGCO Co. (NYSE:AGCO) will post sales of $1.98 billion for the current quarter, Zacks reports. Five analysts have made estimates for AGCO’s earnings, with estimates ranging from $1.93 billion to $2.02 billion. AGCO reported sales of $2.01 billion in the same quarter last year, which would suggest a negative year over year growth rate of 1.5%. The business is expected to report its next quarterly earnings results on Tuesday, May 7th.

On average, analysts expect that AGCO will report full-year sales of $9.60 billion for the current year, with estimates ranging from $9.58 billion to $9.63 billion. For the next fiscal year, analysts expect that the firm will post sales of $9.94 billion, with estimates ranging from $9.86 billion to $10.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for AGCO.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.09. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.58 billion. AGCO had a return on equity of 10.27% and a net margin of 3.05%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS.

A number of equities analysts have weighed in on AGCO shares. William Blair reiterated a “buy” rating on shares of AGCO in a research note on Wednesday, November 21st. ValuEngine upgraded AGCO from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. UBS Group set a $63.00 price objective on AGCO and gave the company a “hold” rating in a research note on Wednesday, November 7th. Credit Suisse Group reiterated a “hold” rating and set a $63.00 price objective on shares of AGCO in a research note on Tuesday, January 22nd. Finally, BMO Capital Markets reduced their price objective on AGCO from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. AGCO presently has a consensus rating of “Hold” and a consensus price target of $65.42.

NYSE AGCO opened at $62.84 on Friday. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 0.84 and a beta of 0.85. AGCO has a fifty-two week low of $49.50 and a fifty-two week high of $70.07. The company has a quick ratio of 0.59, a current ratio of 1.28 and a debt-to-equity ratio of 0.43.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, February 14th. AGCO’s dividend payout ratio (DPR) is presently 15.42%.

Several large investors have recently bought and sold shares of AGCO. Elk Creek Partners LLC boosted its holdings in AGCO by 12.0% in the 3rd quarter. Elk Creek Partners LLC now owns 81,774 shares of the industrial products company’s stock worth $4,971,000 after buying an additional 8,784 shares during the last quarter. American International Group Inc. lifted its stake in AGCO by 1.7% in the 3rd quarter. American International Group Inc. now owns 135,101 shares of the industrial products company’s stock worth $8,213,000 after purchasing an additional 2,220 shares in the last quarter. FIL Ltd lifted its stake in AGCO by 7.5% in the 3rd quarter. FIL Ltd now owns 33,300 shares of the industrial products company’s stock worth $2,025,000 after purchasing an additional 2,309 shares in the last quarter. CenturyLink Investment Management Co lifted its stake in AGCO by 87.7% in the 4th quarter. CenturyLink Investment Management Co now owns 21,691 shares of the industrial products company’s stock worth $1,208,000 after purchasing an additional 10,134 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in AGCO by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 869,295 shares of the industrial products company’s stock worth $52,784,000 after purchasing an additional 45,302 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

AGCO Company Profile

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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