AGCO (NYSE:AGCO) Updates FY25 Earnings Guidance

AGCO (NYSE:AGCO) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $4.00-4.50 for the period, compared to the consensus EPS estimate of $6.31. The company issued revenue guidance of $9.6 billion, compared to the consensus revenue estimate of $10.73 billion.

AGCO Stock Performance

AGCO stock traded down $4.33 during midday trading on Thursday, hitting $89.80. The stock had a trading volume of 1,750,730 shares, compared to its average volume of 802,086. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 0.56 and a beta of 1.24. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The stock has a 50-day simple moving average of $97.51 and a 200 day simple moving average of $96.14. AGCO has a 52 week low of $84.35 and a 52 week high of $130.26.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm earned $3.97 EPS. The business’s revenue for the quarter was down 24.8% on a year-over-year basis. As a group, equities research analysts anticipate that AGCO will post 7.36 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were given a dividend of $0.29 per share. The ex-dividend date was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.29%. AGCO’s dividend payout ratio is 51.33%.

Wall Street Analysts Forecast Growth

AGCO has been the subject of several research analyst reports. Morgan Stanley initiated coverage on AGCO in a research note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price for the company. Citigroup raised their price target on AGCO from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Oppenheimer dropped their price objective on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Truist Financial boosted their target price on shares of AGCO from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group decreased their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, AGCO currently has a consensus rating of “Hold” and a consensus price target of $112.18.

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.