AGCO (NYSE:AGCO) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.10-5.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.92. The company issued revenue guidance of $9.4-9.4 billion, compared to the consensus revenue estimate of $9.49 billion.AGCO also updated its FY19 guidance to ~$5.10 EPS.
NYSE:AGCO traded down $1.12 during mid-day trading on Friday, reaching $73.05. 253,640 shares of the stock were exchanged, compared to its average volume of 569,698. The company has a 50 day moving average of $76.11. The firm has a market capitalization of $5.70 billion, a PE ratio of 18.78, a P/E/G ratio of 1.17 and a beta of 0.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.54. AGCO has a 1 year low of $49.50 and a 1 year high of $80.64.
AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.55 billion. AGCO had a return on equity of 12.63% and a net margin of 4.07%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. Sell-side analysts expect that AGCO will post 5.09 EPS for the current fiscal year.
AGCO has been the topic of several analyst reports. Zacks Investment Research upgraded AGCO from a hold rating to a buy rating and set a $80.00 target price on the stock in a research note on Tuesday, April 16th. Jefferies Financial Group raised AGCO from a hold rating to a buy rating and raised their price target for the company from $70.00 to $90.00 in a report on Monday, June 24th. OTR Global raised AGCO to a positive rating in a report on Friday, July 12th. ValuEngine cut AGCO from a buy rating to a hold rating in a report on Tuesday, July 2nd. Finally, Credit Suisse Group reissued a neutral rating and issued a $83.00 price target (up from $70.00) on shares of AGCO in a report on Wednesday. Two 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. The company has an average rating of Hold and a consensus price target of $76.86.
In other news, Chairman Martin Richenhagen sold 45,000 shares of AGCO stock in a transaction on Monday, July 15th. The stock was sold at an average price of $77.14, for a total value of $3,471,300.00. Following the completion of the sale, the chairman now owns 447,317 shares of the company’s stock, valued at $34,506,033.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Robert B. Crain sold 25,000 shares of AGCO stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $72.86, for a total value of $1,821,500.00. Following the completion of the sale, the senior vice president now directly owns 81,914 shares of the company’s stock, valued at approximately $5,968,254.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,000 shares of company stock valued at $12,536,330. Company insiders own 17.60% of the company’s stock.
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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