Brokerages forecast that AGCO Co. (NYSE:AGCO) will report $2.27 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for AGCO’s earnings, with the highest sales estimate coming in at $2.29 billion and the lowest estimate coming in at $2.26 billion. AGCO posted sales of $2.21 billion in the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The business is expected to issue its next earnings results on Tuesday, October 29th.

On average, analysts expect that AGCO will report full year sales of $9.42 billion for the current fiscal year, with estimates ranging from $9.36 billion to $9.58 billion. For the next year, analysts forecast that the business will report sales of $9.79 billion, with estimates ranging from $9.58 billion to $10.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover AGCO.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.55 billion. AGCO had a return on equity of 12.64% and a net margin of 4.07%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 EPS.

A number of analysts have recently issued reports on the company. Citigroup increased their target price on AGCO from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Royal Bank of Canada set a $88.00 target price on shares of AGCO and gave the stock a “buy” rating in a research report on Wednesday, July 31st. OTR Global raised AGCO to a “positive” rating in a research report on Friday, July 12th. Stephens began coverage on AGCO in a research report on Wednesday. They issued an “overweight” rating and a $80.00 price target on the stock. Finally, Wells Fargo & Co downgraded AGCO from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $90.00 to $80.00 in a research report on Wednesday, July 17th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $77.07.

Shares of AGCO traded up $1.51 during trading hours on Friday, hitting $65.65. 848,100 shares of the company were exchanged, compared to its average volume of 624,466. The company has a market capitalization of $5.17 billion, a P/E ratio of 16.88, a PEG ratio of 0.99 and a beta of 0.94. The company has a quick ratio of 0.54, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average is $75.35. AGCO has a one year low of $49.50 and a one year high of $80.64.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, August 14th. AGCO’s dividend payout ratio is 16.45%.

In other news, CAO Lara Thrush Long sold 2,326 shares of AGCO stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $73.05, for a total value of $169,914.30. Following the completion of the transaction, the chief accounting officer now owns 3,991 shares in the company, valued at $291,542.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Martin Richenhagen sold 51,000 shares of AGCO stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $71.60, for a total transaction of $3,651,600.00. Following the completion of the transaction, the chairman now owns 473,733 shares of the company’s stock, valued at approximately $33,919,282.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,977 shares of company stock valued at $8,707,768. Corporate insiders own 17.60% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in AGCO in the 2nd quarter worth approximately $50,000. First Interstate Bank acquired a new position in shares of AGCO in the 2nd quarter valued at $61,000. Doyle Wealth Management acquired a new position in shares of AGCO in the 2nd quarter valued at $78,000. SRS Capital Advisors Inc. bought a new stake in AGCO in the 2nd quarter valued at $87,000. Finally, Point72 Asset Management L.P. bought a new stake in AGCO in the 2nd quarter valued at $93,000. Institutional investors own 79.27% of the company’s stock.

About AGCO

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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Earnings History and Estimates for AGCO (NYSE:AGCO)

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