AGCO (AGCO) Releases FY18 Earnings Guidance

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AGCO (NYSE:AGCO) updated its FY18 earnings guidance on Tuesday. 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.

A number of research firms recently weighed in on AGCO. Deutsche Bank reaffirmed a buy rating on shares of AGCO in a report on Monday, September 24th. Zacks Investment Research cut AGCO from a buy rating to a hold rating in a report on Saturday, July 14th. Jefferies Financial Group reiterated a hold rating and issued a $70.00 price objective on shares of AGCO in a research note on Friday, July 20th. OTR Global cut AGCO to a $60.18 rating in a research note on Wednesday, July 18th. Finally, ValuEngine lowered AGCO from a hold rating to a sell rating in a report on Monday, July 16th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $69.79.

Shares of AGCO stock traded up $1.75 during trading on Thursday, reaching $57.79. The company had a trading volume of 479,954 shares, compared to its average volume of 756,168. The firm has a market cap of $4.28 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 0.92 and a beta of 0.70. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 1.42. AGCO has a fifty-two week low of $49.50 and a fifty-two week high of $75.95.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, October 30th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. AGCO had a net margin of 2.49% and a return on equity of 9.70%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. AGCO’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts predict that AGCO will post 3.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. AGCO’s dividend payout ratio (DPR) is presently 19.87%.

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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