Equities research analysts expect AGCO Co. (NYSE:AGCO) to report sales of $2.14 billion for the current quarter, Zacks reports. Four analysts have made estimates for AGCO’s earnings. The lowest sales estimate is $2.14 billion and the highest is $2.15 billion. AGCO reported sales of $1.99 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The business is expected to issue its next earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that AGCO will report full-year sales of $9.31 billion for the current year, with estimates ranging from $9.21 billion to $9.38 billion. For the next fiscal year, analysts forecast that the company will report sales of $9.71 billion per share, with estimates ranging from $9.52 billion to $9.93 billion. Zacks’ sales averages are an average based on a survey of analysts that follow AGCO.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.04. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.45 billion. AGCO had a net margin of 2.44% and a return on equity of 9.31%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm posted $1.15 earnings per share.

AGCO has been the subject of a number of research reports. Royal Bank of Canada restated a “hold” rating and set a $77.00 target price on shares of AGCO in a report on Wednesday, April 18th. Zacks Investment Research cut shares of AGCO from a “hold” rating to a “sell” rating in a report on Friday, April 27th. ValuEngine cut shares of AGCO from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Credit Suisse Group reduced their target price on shares of AGCO from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, May 2nd. Finally, Citigroup reduced their target price on shares of AGCO from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $72.13.

In other AGCO news, SVP Lucinda B. Smith sold 1,500 shares of the stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $68.50, for a total value of $102,750.00. Following the completion of the sale, the senior vice president now owns 44,373 shares in the company, valued at approximately $3,039,550.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 16.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AGCO. Whittier Trust Co. acquired a new position in AGCO in the 2nd quarter valued at $124,000. CHICAGO TRUST Co NA acquired a new position in AGCO in the 1st quarter valued at $207,000. Convergence Investment Partners LLC grew its stake in AGCO by 1,586.6% in the 2nd quarter. Convergence Investment Partners LLC now owns 3,407 shares of the industrial products company’s stock valued at $207,000 after buying an additional 3,205 shares during the last quarter. Ostrum Asset Management acquired a new position in AGCO in the 1st quarter valued at $227,000. Finally, FDx Advisors Inc. grew its stake in AGCO by 21.7% in the 2nd quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock valued at $333,000 after buying an additional 978 shares during the last quarter. Institutional investors own 85.69% of the company’s stock.

NYSE:AGCO traded down $1.99 during trading hours on Tuesday, reaching $59.21. 758,040 shares of the company’s stock were exchanged, compared to its average volume of 814,506. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.03 and a beta of 0.73. AGCO has a 12 month low of $56.36 and a 12 month high of $75.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.63 and a current ratio of 1.42.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Wednesday, August 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, August 14th. AGCO’s dividend payout ratio is 19.87%.

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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