FY2024 Earnings Forecast for AGCO Issued By Zacks Research

AGCO Co. (NYSE:AGCO) – Zacks Research issued their FY2024 earnings estimates for AGCO in a research note issued on Tuesday, November 19th. Zacks Research analyst S. Deb anticipates that the industrial products company will post earnings per share of $7.50 for the year. The consensus estimate for AGCO’s current full-year earnings is $7.32 per share. Zacks Research also issued estimates for AGCO’s Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $1.03 EPS, FY2025 earnings at $5.94 EPS, Q1 2026 earnings at $1.83 EPS, Q2 2026 earnings at $1.74 EPS, Q3 2026 earnings at $1.25 EPS and FY2026 earnings at $6.83 EPS.

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

A number of other research firms also recently issued reports on AGCO. Robert W. Baird reduced their price target on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. The Goldman Sachs Group reduced their price target 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. StockNews.com downgraded shares of AGCO from a “hold” rating to a “sell” rating in a research report on Wednesday. BMO Capital Markets started coverage on shares of AGCO in a research report on Friday, August 9th. They set a “market perform” rating and a $96.00 price target for the company. Finally, UBS Group reduced their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, AGCO presently has an average rating of “Hold” and a consensus price target of $114.40.

AGCO Price Performance

Shares of NYSE:AGCO opened at $98.41 on Friday. The company has a 50-day moving average price of $96.34 and a 200 day moving average price of $97.88. AGCO has a 52 week low of $84.35 and a 52 week high of $130.26. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.35 billion, a P/E ratio of 43.54, a PEG ratio of 0.52 and a beta of 1.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of AGCO by 8.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 23,305 shares of the industrial products company’s stock worth $2,809,000 after buying an additional 1,755 shares during the last quarter. Bessemer Group Inc. boosted its position in AGCO by 2,238.9% during the 1st quarter. Bessemer Group Inc. now owns 421 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 403 shares during the period. Quadrature Capital Ltd boosted its position in AGCO by 5.0% during the 1st quarter. Quadrature Capital Ltd now owns 14,712 shares of the industrial products company’s stock worth $1,810,000 after purchasing an additional 707 shares during the period. LRI Investments LLC purchased a new stake in AGCO during the 1st quarter worth $30,000. Finally, Price T Rowe Associates Inc. MD boosted its position in AGCO by 146.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock worth $10,538,000 after purchasing an additional 50,892 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.18%. AGCO’s dividend payout ratio (DPR) is presently 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.