AGCO (AGCO) to Release Earnings on Thursday

AGCO (NYSE:AGCO) is scheduled to post its quarterly earnings results 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.Individual interested in participating in 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 EPS for the quarter, missing the consensus estimate of $4.03 by ($0.25). AGCO had a return on equity of 26.96% and a net margin of 8.13%. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the previous year, the firm earned $4.47 earnings per share. The company’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 Price Performance

Shares of NYSE AGCO opened at $119.14 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.67 and a current ratio of 1.46. The firm’s 50-day simple moving average is $116.23 and its 200 day simple moving average is $117.07. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.67 and a beta of 1.31. AGCO has a fifty-two week low of $105.77 and a fifty-two week high of $140.46.

AGCO Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial initiated coverage on AGCO in a research report on Thursday, March 14th. They issued a “buy” rating and a $142.00 price target for the company. Oppenheimer increased their target price on shares of AGCO from $153.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price target on shares of AGCO from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, StockNews.com lowered shares of AGCO from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $150.50.

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.