AGCO (AGCO) Releases FY18 Earnings Guidance

AGCO (NYSE:AGCO) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ~$3.75 for the period, compared to the Thomson Reuters consensus estimate of $3.78. The company issued revenue guidance of $9.3 billion, compared to the consensus revenue estimate of $9.34 billion.AGCO also updated its FY 2018 guidance to $3.75-3.75 EPS.

AGCO traded up $2.14 during trading on Wednesday, reaching $56.28. 27,023 shares of the stock traded hands, compared to its average volume of 661,989. The company has a current ratio of 1.42, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $4.05 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 0.88 and a beta of 0.70. AGCO has a 12 month low of $49.50 and a 12 month high of $75.95.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.08. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.15 billion. AGCO had a net margin of 2.44% and a return on equity of 9.31%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. As a group, research analysts predict that AGCO will post 3.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.07%. AGCO’s dividend payout ratio (DPR) is currently 19.87%.

AGCO has been the topic of a number of research analyst reports. ValuEngine cut shares of AGCO from a hold rating to a sell rating in a research report on Monday, July 16th. Zacks Investment Research raised shares of AGCO from a hold rating to a buy rating and set a $68.00 price target on the stock in a research report on Tuesday, July 3rd. Credit Suisse Group cut their price target on shares of AGCO from $68.00 to $63.00 and set a neutral rating on the stock in a research report on Wednesday. Morgan Stanley set a $53.00 price target on shares of AGCO and gave the company a sell rating in a research report on Wednesday. Finally, Deutsche Bank reiterated a buy rating on shares of AGCO in a report on Monday, September 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. AGCO presently has an average rating of Hold and a consensus target price of $69.79.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

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Earnings History and Estimates for AGCO (NYSE:AGCO)

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