Zacks Research Brokers Increase Earnings Estimates for AGCO

AGCO Co. (NYSE:AGCO) – Investment analysts at Zacks Research boosted their Q4 2024 earnings per share estimates for shares of AGCO in a report released on Tuesday, November 19th. Zacks Research analyst S. Deb now expects that the industrial products company will post earnings per share of $1.97 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 announced its quarterly 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 company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the business earned $3.97 EPS. The business’s revenue was down 24.8% compared to the same quarter last year.

Several other analysts have also issued reports on AGCO. Truist Financial boosted their target price on shares of AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. BMO Capital Markets began coverage on shares of AGCO in a research report on Friday, August 9th. They set a “market perform” rating and a $96.00 price objective for the company. Oppenheimer cut their price objective on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. UBS Group cut their price objective 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. Finally, Citigroup boosted their price objective on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $114.40.

AGCO Stock Performance

Shares of AGCO opened at $92.03 on Thursday. The business has a fifty day moving average of $96.11 and a 200 day moving average of $97.93. The firm has a market capitalization of $6.87 billion, a P/E ratio of 40.72, a PEG ratio of 0.53 and a beta of 1.25. AGCO has a one year low of $84.35 and a one year high of $130.26. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, November 15th. AGCO’s payout ratio is currently 51.33%.

Institutional Trading of AGCO

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

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.