AGCO (NYSE:AGCO) Updates FY25 Earnings Guidance

AGCO (NYSE:AGCO - Get Free Report) issued an update on its FY25 earnings guidance on Thursday morning. 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.

AGCO Stock Performance

Shares of AGCO stock traded down $3.58 on Thursday, reaching $90.55. 2,897,213 shares of the company were exchanged, compared to its average volume of 806,915. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 40.07, a P/E/G ratio of 0.56 and a beta of 1.24. The company's 50-day moving average is $97.51 and its two-hundred day moving average is $96.14. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. AGCO has a 1-year low of $84.35 and a 1-year high of $130.26.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the business earned $3.97 earnings per share. The company's revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, research analysts expect that AGCO will post 7.36 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.28%. AGCO's dividend payout ratio (DPR) is 51.33%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Morgan Stanley assumed coverage on AGCO in a research report on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price objective for the company. Citigroup lifted their target price on AGCO from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Monday, December 9th. Truist Financial boosted their target price on AGCO from $110.00 to $116.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Oppenheimer dropped their price target on AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $112.18.

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.