AGCO Co. (NYSE:AGCO) – Equities researchers at Seaport Global Securities reduced their Q1 2018 earnings per share (EPS) estimates for AGCO in a note issued to investors on Thursday. Seaport Global Securities analyst M. Shlisky now forecasts that the industrial products company will post earnings of $0.15 per share for the quarter, down from their previous estimate of $0.31. Seaport Global Securities has a “Hold” rating on the stock. Seaport Global Securities also issued estimates for AGCO’s Q4 2018 earnings at $1.31 EPS, FY2018 earnings at $3.76 EPS and FY2019 earnings at $4.42 EPS.
AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.40 billion. AGCO had a net margin of 2.24% and a return on equity of 8.04%. AGCO’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share.
Shares of AGCO (NYSE AGCO) opened at $67.99 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.37 and a quick ratio of 0.70. The company has a market capitalization of $5,410.00, a PE ratio of 29.31, a P/E/G ratio of 1.48 and a beta of 0.77. AGCO has a 52-week low of $58.00 and a 52-week high of $75.95.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of AGCO by 5.9% during the fourth quarter. BlackRock Inc. now owns 6,754,418 shares of the industrial products company’s stock valued at $482,468,000 after buying an additional 378,009 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of AGCO by 8.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,789,037 shares of the industrial products company’s stock valued at $199,221,000 after buying an additional 223,112 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of AGCO by 1,020.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,354,033 shares of the industrial products company’s stock valued at $168,149,000 after buying an additional 2,143,931 shares during the last quarter. AGF Investments Inc. grew its stake in shares of AGCO by 8.5% during the third quarter. AGF Investments Inc. now owns 1,496,467 shares of the industrial products company’s stock valued at $110,394,000 after buying an additional 117,464 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of AGCO by 11.9% during the fourth quarter. Schroder Investment Management Group now owns 1,149,232 shares of the industrial products company’s stock valued at $82,090,000 after buying an additional 122,435 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.
In other AGCO news, SVP Robert B. Crain sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $70.72, for a total transaction of $495,040.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.60% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.15 per share. This is a boost from AGCO’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, February 14th. AGCO’s payout ratio is presently 24.14%.
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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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