AGCO (NYSE:AGCO) posted its quarterly earnings data on Thursday. The industrial products company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $1.04, MarketWatch Earnings reports. AGCO had a net margin of 0.63% and a return on equity of 9.99%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.74 billion. AGCO updated its FY 2020
Pre-Market guidance to 3.50-3.75 EPS and its FY20 guidance to $3.50-3.75 EPS.
Shares of NYSE:AGCO opened at $65.63 on Friday. The firm has a fifty day moving average of $57.41 and a two-hundred day moving average of $57.41. The firm has a market capitalization of $5.09 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 5.08 and a beta of 1.14. AGCO has a 12-month low of $35.33 and a 12-month high of $81.39. The company has a quick ratio of 0.63, a current ratio of 1.48 and a debt-to-equity ratio of 0.66.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, August 13th. AGCO’s dividend payout ratio (DPR) is currently 14.41%.
In other AGCO news, CAO Lara Thrush Long sold 2,200 shares of AGCO stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $56.55, for a total transaction of $124,410.00. Following the completion of the sale, the chief accounting officer now owns 3,494 shares of the company’s stock, valued at approximately $197,585.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 17.80% of the company’s stock.
AGCO has been the subject of a number of research reports. Bank of America upgraded shares of AGCO from an “underperform” rating to a “neutral” rating and set a $68.00 target price for the company in a report on Wednesday, July 22nd. Wells Fargo & Co reduced their target price on shares of AGCO from $54.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Citigroup raised their target price on shares of AGCO from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Barclays restated a “sell” rating and set a $54.00 target price on shares of AGCO in a report on Thursday, April 16th. Finally, Jefferies Financial Group restated a “buy” rating on shares of AGCO in a report on Monday, July 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $69.13.
AGCO Company Profile
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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