AGCO Co. (NYSE:AGCO - Free Report) - Analysts at Zacks Research issued their FY2024 earnings per share estimates for shares of AGCO in a note issued to investors on Tuesday, November 19th. Zacks Research analyst S. Deb forecasts that the industrial products company will post earnings of $7.50 per share for the year. The consensus estimate for AGCO's current full-year earnings is $7.32 per share. Zacks Research also issued estimates for AGCO's Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $1.03 EPS, FY2025 earnings at $5.94 EPS, Q1 2026 earnings at $1.83 EPS, Q2 2026 earnings at $1.74 EPS, Q3 2026 earnings at $1.25 EPS and FY2026 earnings at $6.83 EPS.
Several other research firms have also recently commented on AGCO. Truist Financial raised their target price on shares of AGCO from $118.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. StockNews.com downgraded AGCO from a "hold" rating to a "sell" rating in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on AGCO from $130.00 to $115.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 31st. BMO Capital Markets initiated coverage on shares of AGCO in a research report on Friday, August 9th. They set a "market perform" rating and a $96.00 price target for the company. Finally, The Goldman Sachs Group reduced their price objective on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $114.40.
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AGCO Trading Up 1.1 %
AGCO traded up $1.03 on Friday, hitting $98.48. 401,395 shares of the company were exchanged, compared to its average volume of 784,071. 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 12 month low of $84.35 and a 12 month high of $130.26. The firm has a fifty day simple moving average of $96.34 and a two-hundred day simple moving average of $97.88. The stock has a market capitalization of $7.35 billion, a PE ratio of 43.48, a price-to-earnings-growth ratio of 0.52 and a beta of 1.25.
AGCO (NYSE:AGCO - Get Free Report) last released 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). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the business posted $3.97 EPS. AGCO's revenue for the quarter was down 24.8% on a year-over-year basis.
Hedge Funds Weigh In On AGCO
Hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in AGCO in the third quarter valued at $29,000. LRI Investments LLC acquired a new position in AGCO during the first quarter worth about $30,000. Blue Trust Inc. raised its position in AGCO by 102.4% in the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock worth $34,000 after acquiring an additional 174 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in AGCO by 132.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 210 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of AGCO by 69.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 167 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.
AGCO Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, November 15th. AGCO's payout ratio is 51.33%.
About AGCO
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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.
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