AGCO (NYSE:AGCO) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

AGCO (NYSE:AGCO - Get Free Report) issued its quarterly earnings data on Thursday. The industrial products company reported $1.97 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.04), Zacks reports. AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%.

AGCO Stock Performance

Shares of NYSE AGCO traded down $2.59 during mid-day trading on Monday, reaching $97.39. 881,589 shares of the company were exchanged, compared to its average volume of 742,984. The stock has a market capitalization of $7.27 billion, a P/E ratio of -17.12, a P/E/G ratio of 0.97 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The company's 50-day simple moving average is $97.76 and its 200-day simple moving average is $95.49. AGCO has a twelve month low of $84.35 and a twelve month high of $125.76.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, February 14th. AGCO's dividend payout ratio is -20.39%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AGCO shares. JPMorgan Chase & Co. boosted their price target on AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Morgan Stanley initiated coverage on AGCO in a research note on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 target price on the stock. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a research note on Friday. Citigroup lowered their price objective on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group reduced their target price on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, AGCO presently has a consensus rating of "Hold" and a consensus price target of $107.20.

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.