Zacks Research Predicts AGCO’s FY2024 Earnings (NYSE:AGCO)

AGCO Co. (NYSE:AGCO) – Equities research analysts at Zacks Research issued their FY2024 EPS estimates for shares of AGCO in a report issued on Tuesday, November 19th. Zacks Research analyst S. Deb forecasts that the industrial products company will post earnings of $7.50 per share for the year. The consensus estimate for AGCO’s current full-year earnings is $7.32 per share. Zacks Research also issued estimates for AGCO’s Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $1.03 EPS, FY2025 earnings at $5.94 EPS, Q1 2026 earnings at $1.83 EPS, Q2 2026 earnings at $1.74 EPS, Q3 2026 earnings at $1.25 EPS and FY2026 earnings at $6.83 EPS.

Several other analysts have also issued reports on AGCO. Citigroup boosted their target price on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Truist Financial lifted their target price on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets started coverage on shares of AGCO in a research note on Friday, August 9th. They set a “market perform” rating and a $96.00 price target on the stock. StockNews.com downgraded AGCO from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Oppenheimer dropped their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $114.40.

AGCO Price Performance

NYSE AGCO opened at $97.53 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. The stock has a 50-day moving average of $96.17 and a 200 day moving average of $97.88. AGCO has a one year low of $84.35 and a one year high of $130.26. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 43.15, a PEG ratio of 0.52 and a beta of 1.25.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.97 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Forum Financial Management LP lifted its stake in shares of AGCO by 5.5% during the second quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock valued at $206,000 after buying an additional 109 shares during the period. Capital Insight Partners LLC boosted its holdings in AGCO by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock worth $431,000 after acquiring an additional 110 shares during the period. First Horizon Advisors Inc. increased its stake in AGCO by 28.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after buying an additional 117 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in AGCO by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock valued at $1,666,000 after purchasing an additional 126 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of AGCO by 50.2% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after buying an additional 139 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, November 15th. AGCO’s dividend payout ratio (DPR) is 51.33%.

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.