AGCO (NYSE:AGCO – Get Free Report) announced its earnings results on Thursday. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.03, Briefing.com reports. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.99 billion. AGCO had a return on equity of 26.96% and a net margin of 8.13%. AGCO’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.51 EPS. AGCO updated its FY24 guidance to ~$12.00 EPS.
AGCO Stock Up 1.0 %
AGCO stock opened at $111.79 on Friday. AGCO has a 1-year low of $105.77 and a 1-year high of $140.46. The business’s 50 day simple moving average is $116.61 and its 200 day simple moving average is $116.90. 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 firm has a market capitalization of $8.34 billion, a PE ratio of 7.15, a PEG ratio of 0.64 and a beta of 1.32.
AGCO Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.04%. AGCO’s dividend payout ratio is currently 7.42%.
Analyst Ratings Changes
Read Our Latest Report on AGCO
About AGCO
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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