AGCO (NYSE:AGCO - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.750-5.00 for the period, compared to the consensus estimate of 4.208. The company issued revenue guidance of $9.8 billion-$9.8 billion, compared to the consensus revenue estimate of $9.6 billion.
AGCO Stock Performance
AGCO traded up $0.77 during midday trading on Monday, reaching $114.38. The company's stock had a trading volume of 702,400 shares, compared to its average volume of 883,585. AGCO has a twelve month low of $73.79 and a twelve month high of $121.16. The stock has a market cap of $8.53 billion, a P/E ratio of 85.36, a PEG ratio of 1.83 and a beta of 1.21. The company has a fifty day simple moving average of $105.41 and a 200 day simple moving average of $98.69. The company has a current ratio of 1.48, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66.
AGCO (NYSE:AGCO - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.29. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.52 billion. AGCO had a return on equity of 8.27% and a net margin of 0.98%. The firm's revenue for the quarter was down 18.8% compared to the same quarter last year. During the same period last year, the business earned $2.53 earnings per share. Research analysts expect that AGCO will post 4.2 earnings per share for the current year.
AGCO Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 15th. AGCO's payout ratio is 86.57%.
AGCO declared that its board has initiated a stock buyback program on Wednesday, July 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 12.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
Analysts Set New Price Targets
Several research analysts have recently issued reports on AGCO shares. Truist Financial reduced their price target on AGCO from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer upped their target price on shares of AGCO from $108.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group upped their target price on shares of AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 27th. Morgan Stanley boosted their price target on shares of AGCO from $75.00 to $84.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Finally, UBS Group set a $106.00 price target on shares of AGCO in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, AGCO has an average rating of "Hold" and a consensus target price of $106.67.
Check Out Our Latest Research Report on AGCO
Insider Buying and Selling
In other news, SVP Kelvin Eugene Bennett sold 250 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total value of $26,545.00. Following the completion of the sale, the senior vice president owned 17,380 shares of the company's stock, valued at approximately $1,845,408.40. This represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.60% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AGCO. Geneos Wealth Management Inc. increased its stake in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 190 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in AGCO by 29.7% during the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 149 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of AGCO by 46.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company's stock worth $459,000 after buying an additional 1,567 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of AGCO by 3.1% in the first quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company's stock worth $544,000 after buying an additional 176 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in AGCO by 39.6% in the first quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company's stock worth $19,925,000 after purchasing an additional 61,009 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.
About AGCO
(
Get Free Report)
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.
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