AGCO (AGCO) Set to Announce Earnings on Tuesday

AGCO (NYSE:AGCO) is set to issue its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

AGCO Price Performance

Shares of NYSE AGCO opened at $99.39 on Friday. The company has a 50 day moving average of $95.38 and a 200 day moving average of $100.13. The company has a quick ratio of 0.72, a current ratio of 1.52 and a debt-to-equity ratio of 0.89. AGCO has a twelve month low of $84.35 and a twelve month high of $130.26. The firm has a market cap of $7.42 billion, a P/E ratio of 17.75, a PEG ratio of 0.95 and a beta of 1.25.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. AGCO’s dividend payout ratio is currently 20.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays reduced their price objective on AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, July 18th. StockNews.com cut shares of AGCO from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Robert W. Baird dropped their target price on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Oppenheimer cut their target price on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Finally, Truist Financial increased their price target on AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $117.80.

Insider Buying and Selling at AGCO

In related news, Director Michael C. Arnold acquired 1,800 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $87.69 per share, with a total value of $157,842.00. Following the completion of the purchase, the director now directly owns 20,465 shares of the company’s stock, valued at $1,794,575.85. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael C. Arnold acquired 1,800 shares of AGCO stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $87.69 per share, with a total value of $157,842.00. Following the completion of the purchase, the director now directly owns 20,465 shares in the company, valued at approximately $1,794,575.85. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lange Bob De acquired 1,420 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the transaction, the director now directly owns 7,007 shares in the company, valued at approximately $615,985.37. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by corporate insiders.

AGCO Company Profile

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.