AGCO (NYSE:AGCO) Updates FY25 Earnings Guidance

AGCO (NYSE:AGCO) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $4.00-4.50 for the period, compared to the consensus EPS estimate of $6.31. The company issued revenue guidance of $9.6 billion, compared to the consensus revenue estimate of $10.73 billion.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AGCO shares. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research report on Thursday. The Goldman Sachs Group dropped their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Truist Financial boosted their price target on shares of AGCO from $110.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley began coverage on AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price for the company. Finally, Oppenheimer decreased their price objective on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, AGCO currently has a consensus rating of “Hold” and an average price target of $112.18.

AGCO Stock Performance

AGCO traded down $4.33 during trading hours on Thursday, hitting $89.80. 1,750,730 shares of the stock were exchanged, compared to its average volume of 802,086. 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 has a 12 month low of $84.35 and a 12 month high of $130.26. The stock has a 50-day simple moving average of $97.51 and a 200-day simple moving average of $96.14. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24.

AGCO (NYSE:AGCO) last issued its earnings results 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 company 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%. The business’s revenue was down 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.97 earnings per share. Analysts anticipate that AGCO will post 7.36 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, November 15th. AGCO’s dividend payout ratio is currently 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.