AGCO (AGCO) to Release Earnings on Thursday

AGCO (NYSE:AGCO) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect AGCO to post earnings of $2.29 per share for the quarter. AGCO has set its FY 2024 guidance at 13.150-13.150 EPS and its FY24 guidance at $13.15 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter last year, the firm posted $4.47 EPS. The business’s revenue was down 2.5% on a year-over-year basis. On average, analysts expect AGCO to post $13 EPS for the current fiscal year and $13 EPS for the next fiscal year.

AGCO Stock Performance

NYSE:AGCO opened at $119.14 on Tuesday. AGCO has a 1 year low of $105.77 and a 1 year high of $140.46. The firm has a 50 day moving average of $116.23 and a 200-day moving average of $117.07. The company has a current ratio of 1.46, a quick ratio of 0.67 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $8.89 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, May 14th. AGCO’s dividend payout ratio (DPR) is presently 7.42%.

Analyst Ratings Changes

Several brokerages have commented on AGCO. Truist Financial began coverage on shares of AGCO in a research report on Thursday, March 14th. They set a “buy” rating and a $142.00 target price for the company. StockNews.com cut shares of AGCO from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. upped their target price on shares of AGCO from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Finally, Oppenheimer boosted their price target on shares of AGCO from $153.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $150.50.

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.