FY2024 Earnings Forecast for AGCO Issued By Zacks Research

AGCO Co. (NYSE:AGCO) – Analysts at Zacks Research issued their FY2024 EPS estimates for shares of AGCO in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst S. Deb anticipates that the industrial products company will earn $7.50 per share for the year. The consensus estimate for AGCO’s current full-year earnings is $7.32 per share. Zacks Research also issued estimates for AGCO’s Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $1.03 EPS, FY2025 earnings at $5.94 EPS, Q1 2026 earnings at $1.83 EPS, Q2 2026 earnings at $1.74 EPS, Q3 2026 earnings at $1.25 EPS and FY2026 earnings at $6.83 EPS.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share 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 firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company earned $3.97 earnings per share. The business’s quarterly revenue was down 24.8% on a year-over-year basis.

Several other equities analysts have also recently commented on the stock. 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 target on the stock. JPMorgan Chase & Co. reduced their price target on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Oppenheimer dropped their price objective on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. StockNews.com lowered shares of AGCO from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, UBS Group dropped their price objective on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, AGCO currently has a consensus rating of “Hold” and a consensus target price of $114.40.

AGCO Stock Performance

Shares of AGCO stock opened at $98.41 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. AGCO has a one year low of $84.35 and a one year high of $130.26. The company’s 50-day simple moving average is $96.34 and its 200-day simple moving average is $97.88. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 0.52 and a beta of 1.25.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group bought a new stake in AGCO during the third quarter worth approximately $29,000. LRI Investments LLC bought a new stake in AGCO during the first quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in AGCO by 102.4% during the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after buying an additional 174 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after buying an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in AGCO by 69.0% during the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after buying an additional 167 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Dividend Announcement

The company 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. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. AGCO’s 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.