AGCO (NYSE:AGCO) Releases FY19 Earnings Guidance

AGCO (NYSE:AGCO) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ~$5.10 for the period, compared to the Thomson Reuters consensus estimate of $4.92. The company issued revenue guidance of ~$9.4 billion, compared to the consensus revenue estimate of $9.49 billion.AGCO also updated its FY 2019 guidance to $5.10-5.10 EPS.

A number of research analysts have issued reports on the company. Wells Fargo & Co lowered AGCO from an outperform rating to a market perform rating and reduced their price target for the stock from $90.00 to $80.00 in a research report on Wednesday, July 17th. UBS Group boosted their price target on AGCO from $65.00 to $75.00 and gave the stock a neutral rating in a research report on Tuesday, May 7th. Citigroup boosted their price target on AGCO from $65.00 to $80.00 and gave the stock a neutral rating in a research report on Monday, May 6th. Royal Bank of Canada set a $88.00 price target on AGCO and gave the stock a buy rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded AGCO from a hold rating to a buy rating and set a $80.00 price target for the company in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. AGCO has an average rating of Hold and an average target price of $76.86.

Shares of AGCO traded down $0.99 during midday trading on Friday, reaching $73.18. The stock had a trading volume of 614,890 shares, compared to its average volume of 614,832. AGCO has a 52 week low of $49.50 and a 52 week high of $80.64. The company has a quick ratio of 0.54, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $76.11. The firm has a market cap of $5.70 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.17 and a beta of 0.98.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. AGCO had a return on equity of 12.63% and a net margin of 4.07%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the business earned $1.32 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. Sell-side analysts expect that AGCO will post 5.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Wednesday, August 14th. AGCO’s dividend payout ratio is presently 16.45%.

In other news, Chairman Martin Richenhagen sold 51,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.43, for a total transaction of $3,591,930.00. Following the sale, the chairman now directly owns 503,733 shares of the company’s stock, valued at $35,477,915.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert B. Crain sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $72.86, for a total value of $1,821,500.00. Following the sale, the senior vice president now directly owns 81,914 shares in the company, valued at $5,968,254.04. The disclosure for this sale can be found here. Insiders sold a total of 172,000 shares of company stock worth $12,536,330 in the last three months. Company insiders own 17.60% of the company’s stock.

AGCO Company Profile

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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