AGCO Corporation (AGCO) to Release Earnings on Tuesday
AGCO Corporation (NYSE:AGCO) will be posting its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect AGCO Corporation to post earnings of $0.72 per share for the quarter. AGCO Corporation has set its FY17 guidance at ~$3.00 EPS.
AGCO Corporation (NYSE:AGCO) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.11. AGCO Corporation had a return on equity of 6.84% and a net margin of 2.40%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts expect AGCO Corporation to post $3.06 EPS for the current fiscal year and $3.82 EPS for the next fiscal year.
Shares of AGCO Corporation (NYSE:AGCO) opened at 71.27 on Tuesday. The stock’s 50 day moving average price is $72.06 and its 200 day moving average price is $67.92. The stock has a market cap of $5.67 billion, a PE ratio of 31.16 and a beta of 0.86. AGCO Corporation has a 1-year low of $48.93 and a 1-year high of $75.58.
In other AGCO Corporation news, CFO Andrew H. Beck sold 10,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $72.18, for a total value of $721,800.00. Following the transaction, the chief financial officer now owns 142,079 shares in the company, valued at $10,255,262.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert B. Crain sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $71.78, for a total value of $1,076,700.00. Following the completion of the transaction, the senior vice president now owns 89,322 shares in the company, valued at approximately $6,411,533.16. The disclosure for this sale can be found here. Insiders have sold 26,750 shares of company stock worth $1,921,390 in the last quarter. 16.60% of the stock is currently owned by corporate insiders.
Several analysts have weighed in on the company. BidaskClub downgraded AGCO Corporation from a “buy” rating to a “hold” rating in a research note on Monday. UBS AG reaffirmed a “neutral” rating and set a $73.00 target price (up previously from $68.00) on shares of AGCO Corporation in a research note on Monday, July 31st. Piper Jaffray Companies set a $66.00 target price on AGCO Corporation and gave the company a “hold” rating in a research note on Wednesday, August 9th. Bank of America Corporation downgraded AGCO Corporation from a “neutral” rating to an “underperform” rating and cut their target price for the company from $74.65 to $70.00 in a research note on Friday, October 13th. Finally, BMO Capital Markets lifted their target price on AGCO Corporation from $70.00 to $75.00 and gave the company a “market perform” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. AGCO Corporation has an average rating of “Hold” and an average target price of $68.29.
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AGCO Corporation Company Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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