Analysts Issue Forecasts for AGCO’s Q4 Earnings (NYSE:AGCO)

AGCO Co. (NYSE:AGCO) – Stock analysts at Zacks Research raised their Q4 2024 earnings estimates for shares of AGCO in a research note issued on Tuesday, November 19th. Zacks Research analyst S. Deb now expects that the industrial products company will earn $1.97 per share for the quarter, up from their prior estimate of $1.74. The consensus estimate for AGCO’s current full-year earnings is $7.32 per share. Zacks Research also issued estimates for AGCO’s Q4 2025 earnings at $1.92 EPS.

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

Other research analysts also recently issued research reports about the stock. Oppenheimer dropped their price objective on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group dropped their target price 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. Truist Financial increased their target price on shares of AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Citigroup increased their target price on shares of AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $114.40.

AGCO Trading Up 6.0 %

NYSE AGCO opened at $97.53 on Thursday. AGCO has a 12 month low of $84.35 and a 12 month high of $130.26. The company has a 50-day moving average of $96.17 and a 200-day moving average of $97.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The company has a market cap of $7.28 billion, a P/E ratio of 43.35, a P/E/G ratio of 0.52 and a beta of 1.25.

Institutional Trading of AGCO

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of AGCO during the 3rd quarter worth approximately $29,000. LRI Investments LLC acquired a new stake in shares of AGCO during the 1st quarter worth approximately $30,000. Blue Trust Inc. raised its position in shares of AGCO by 102.4% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 174 shares during the period. Venturi Wealth Management LLC raised its position in shares of AGCO by 132.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 210 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of AGCO by 69.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 167 shares during the period. 78.80% of the stock is owned by institutional investors.

AGCO Announces Dividend

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

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.