What is Zacks Research’s Forecast for AGCO FY2024 Earnings?

AGCO Co. (NYSE:AGCO) – Investment analysts at Zacks Research issued their FY2024 EPS estimates for AGCO in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst S. Deb forecasts 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 has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. StockNews.com cut AGCO from a “hold” rating to a “sell” rating in a research report on Wednesday. Oppenheimer lowered their price objective on AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. BMO Capital Markets initiated 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. Finally, Truist Financial upped their price objective on shares of AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, AGCO has a consensus rating of “Hold” and an average price target of $114.40.

AGCO Stock Up 6.0 %

NYSE:AGCO opened at $97.53 on Friday. AGCO has a 12-month low of $84.35 and a 12-month high of $130.26. The stock’s fifty day simple moving average is $96.17 and its 200-day simple moving average is $97.88. The firm has a market capitalization of $7.28 billion, a P/E ratio of 43.15, a P/E/G ratio of 0.52 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the company posted $3.97 earnings per share. The company’s revenue for the quarter was down 24.8% on a year-over-year basis.

Institutional Investors Weigh In On AGCO

Hedge funds have recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. lifted its position in AGCO by 30.0% during the second quarter. Great Valley Advisor Group Inc. now owns 31,039 shares of the industrial products company’s stock valued at $3,038,000 after purchasing an additional 7,171 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in AGCO by 146.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock worth $10,538,000 after buying an additional 50,892 shares during the period. Cetera Investment Advisers lifted its position in AGCO by 377.0% during the first quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company’s stock valued at $2,177,000 after acquiring an additional 13,985 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of AGCO by 42.3% during the third quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock worth $1,670,000 after acquiring an additional 5,069 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of AGCO in the 1st quarter valued at $1,304,000. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. AGCO’s dividend payout ratio is currently 51.33%.

AGCO Company Profile

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.