Analysts Expect AGCO Co. (NYSE:AGCO) Will Announce Quarterly Sales of $2.64 Billion

Equities research analysts expect that AGCO Co. (NYSE:AGCO – Get Rating) will announce sales of $2.64 billion for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for AGCO’s earnings, with estimates ranging from $2.58 billion to $2.73 billion. AGCO reported sales of $2.38 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The company is expected to issue its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that AGCO will report full-year sales of $12.31 billion for the current fiscal year, with estimates ranging from $12.11 billion to $12.72 billion. For the next year, analysts forecast that the firm will report sales of $12.93 billion, with estimates ranging from $12.65 billion to $13.45 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover AGCO.

AGCO (NYSE:AGCO – Get Rating) last issued its earnings results on Tuesday, February 8th. The industrial products company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $1.36. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.05 billion. AGCO had a net margin of 8.05% and a return on equity of 24.30%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.54 EPS.

AGCO has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of AGCO in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating and set a $144.00 price target on the stock. in a research report on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of AGCO from $141.00 to $143.00 and gave the company a “hold” rating in a research report on Thursday, April 14th. Morgan Stanley cut their price target on shares of AGCO from $165.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, April 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of AGCO from $170.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, March 28th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $149.91.

In other news, CFO Andrew H. Beck sold 25,000 shares of AGCO stock in a transaction that occurred on Friday, February 11th. The shares were sold at an average price of $131.83, for a total value of $3,295,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lara Thrush Long sold 900 shares of AGCO stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $117.55, for a total transaction of $105,795.00. The disclosure for this sale can be found here. 17.40% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. FourThought Financial LLC bought a new position in shares of AGCO in the third quarter valued at $30,000. TCTC Holdings LLC bought a new position in shares of AGCO in the third quarter valued at $46,000. Harbor Investment Advisory LLC bought a new position in shares of AGCO in the first quarter valued at $58,000. Quent Capital LLC bought a new position in shares of AGCO in the fourth quarter valued at $60,000. Finally, Confluence Wealth Services Inc. bought a new position in shares of AGCO in the fourth quarter valued at $63,000. 78.52% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:AGCO opened at $127.40 on Friday. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.23 and a beta of 1.31. The firm’s 50 day simple moving average is $133.57 and its 200 day simple moving average is $125.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.45 and a quick ratio of 0.70. AGCO has a fifty-two week low of $108.56 and a fifty-two week high of $156.62.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Monday, May 16th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 13th. This is an increase from AGCO’s previous quarterly dividend of $0.20. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.75%. AGCO’s dividend payout ratio (DPR) is 6.74%.

About AGCO (Get Rating)

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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