$2.15 Billion in Sales Expected for AGCO Co. (AGCO) This Quarter
Equities research analysts expect AGCO Co. (NYSE:AGCO) to announce $2.15 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for AGCO’s earnings. The lowest sales estimate is $2.14 billion and the highest is $2.17 billion. AGCO posted sales of $1.99 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 30th.
On average, analysts expect that AGCO will report full year sales of $9.32 billion for the current fiscal year, with estimates ranging from $9.21 billion to $9.38 billion. For the next financial year, analysts forecast that the business will post sales of $9.73 billion per share, with estimates ranging from $9.52 billion to $9.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover AGCO.
AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, July 31st. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.04. AGCO had a net margin of 2.44% and a return on equity of 9.31%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the prior year, the company posted $1.15 EPS. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year.
NYSE AGCO traded up $0.61 on Monday, hitting $59.10. The stock had a trading volume of 847,700 shares, compared to its average volume of 723,331. AGCO has a 52-week low of $56.36 and a 52-week high of $75.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.42 and a quick ratio of 0.63. The stock has a market capitalization of $4.68 billion, a PE ratio of 19.37, a P/E/G ratio of 1.00 and a beta of 0.72.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Wednesday, August 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, August 14th. AGCO’s dividend payout ratio is currently 19.87%.
A number of institutional investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. grew its holdings in AGCO by 0.9% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 93,490 shares of the industrial products company’s stock worth $6,063,000 after acquiring an additional 874 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in AGCO by 0.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 121,363 shares of the industrial products company’s stock worth $7,871,000 after acquiring an additional 884 shares during the last quarter. Denver Investment Advisors LLC grew its holdings in AGCO by 2.5% in the 1st quarter. Denver Investment Advisors LLC now owns 36,190 shares of the industrial products company’s stock worth $2,347,000 after acquiring an additional 886 shares during the last quarter. M&T Bank Corp grew its holdings in AGCO by 18.3% in the 1st quarter. M&T Bank Corp now owns 5,991 shares of the industrial products company’s stock worth $388,000 after acquiring an additional 925 shares during the last quarter. Finally, FDx Advisors Inc. grew its holdings in AGCO by 21.7% in the 2nd quarter. FDx Advisors Inc. now owns 5,483 shares of the industrial products company’s stock worth $333,000 after acquiring an additional 978 shares during the last quarter. 85.09% of the stock is currently owned by institutional investors and hedge funds.
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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