AGCO Co. (AGCO) Expected to Post Q1 2018 Earnings of $0.31 Per Share

AGCO Co. (NYSE:AGCO) – Analysts at Seaport Global Securities boosted their Q1 2018 earnings estimates for AGCO in a research note issued on Thursday. Seaport Global Securities analyst M. Shlisky now forecasts that the industrial products company will post earnings of $0.31 per share for the quarter, up from their previous forecast of $0.28. Seaport Global Securities has a “Hold” rating on the stock. Seaport Global Securities also issued estimates for AGCO’s Q2 2018 earnings at $1.30 EPS, FY2018 earnings at $3.89 EPS and FY2019 earnings at $4.48 EPS.

AGCO has been the topic of a number of other research reports. BidaskClub upgraded shares of AGCO from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank of Canada reiterated a “hold” rating and issued a $79.00 price target on shares of AGCO in a research note on Thursday, January 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $73.00 price target on shares of AGCO in a research note on Thursday, December 21st. UBS Group reiterated a “neutral” rating on shares of AGCO in a research note on Friday, October 20th. Finally, Bank of America cut shares of AGCO from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $74.65 to $70.00 in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $72.60.

AGCO (AGCO) traded up $0.57 during trading hours on Friday, hitting $73.59. 496,600 shares of the stock were exchanged, compared to its average volume of 658,992. The stock has a market cap of $5,850.00, a P/E ratio of 28.97, a PEG ratio of 1.50 and a beta of 0.83. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. AGCO has a 12-month low of $58.00 and a 12-month high of $75.95.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.07. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.92 billion. AGCO had a net margin of 2.59% and a return on equity of 7.50%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS.

In other news, SVP Robert B. Crain sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $70.72, for a total value of $495,040.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 16.60% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of AGCO. PNC Financial Services Group Inc. increased its holdings in AGCO by 8.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,664 shares of the industrial products company’s stock worth $246,000 after acquiring an additional 297 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in AGCO by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,971 shares of the industrial products company’s stock worth $1,346,000 after acquiring an additional 298 shares in the last quarter. M&T Bank Corp increased its holdings in AGCO by 11.3% in the 2nd quarter. M&T Bank Corp now owns 5,062 shares of the industrial products company’s stock worth $342,000 after acquiring an additional 512 shares in the last quarter. Moon Capital Management LLC increased its holdings in AGCO by 1.9% in the 4th quarter. Moon Capital Management LLC now owns 35,854 shares of the industrial products company’s stock worth $2,561,000 after acquiring an additional 680 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in AGCO by 2.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 36,076 shares of the industrial products company’s stock worth $2,577,000 after acquiring an additional 861 shares in the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.

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AGCO 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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