AGCO (AGCO) Expected to Announce Quarterly Earnings on Thursday

AGCO (NYSE:AGCO - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $2.01 per share and revenue of $3.17 billion for the quarter. AGCO has set its FY 2024 guidance at 7.500-7.500 EPS and its FY24 guidance at approx $7.50 EPS.Investors interested in registering for the company's conference call can do so using this link.

AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business's revenue was down 24.8% compared to the same quarter last year. During the same quarter last year, the business 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 Performance

Shares of NYSE:AGCO traded up $2.52 during midday trading on Thursday, hitting $106.39. The company's stock had a trading volume of 473,130 shares, compared to its average volume of 684,507. AGCO has a fifty-two week low of $84.35 and a fifty-two week high of $130.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 47.08, a PEG ratio of 1.03 and a beta of 1.25. The stock's 50 day simple moving average is $97.45 and its 200 day simple moving average is $95.45.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.09%. AGCO's dividend payout ratio (DPR) is presently 51.33%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AGCO. Oppenheimer boosted their target price on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research report on Wednesday, January 15th. StockNews.com raised AGCO from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Morgan Stanley assumed coverage on AGCO in a report on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 price target for the company. Finally, Citigroup decreased their price objective on AGCO from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, AGCO presently has an average rating of "Hold" and an average 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.