Zacks Research Comments on AGCO's Q1 Earnings (NYSE:AGCO)

Key Points

• Zacks Research has raised its Q1 2027 earnings estimate for AGCO Corporation to $1.54 per share, up from a previous forecast of $1.53, maintaining a "Strong-Buy" rating on the stock.
• AGCO's stock has attracted various ratings, with one analyst giving a Strong Buy rating, while the consensus rating is "Hold" with a price target of $109.38.
• The company's board approved a $1 billion stock repurchase program, indicating that they believe the stock is undervalued.

AGCO Corporation (NYSE:AGCO - Free Report) - Equities researchers at Zacks Research boosted their Q1 2027 earnings per share (EPS) estimates for shares of AGCO in a note issued to investors on Thursday, September 4th. Zacks Research analyst Team now expects that the industrial products company will earn $1.54 per share for the quarter, up from their prior estimate of $1.53. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for AGCO's current full-year earnings is $4.20 per share.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. lowered their target price on AGCO from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 2nd. Oppenheimer raised their target price on AGCO from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Citigroup restated a "neutral" rating and issued a $110.00 target price on shares of AGCO in a research report on Friday, May 30th. UBS Group restated a "neutral" rating and issued a $119.00 target price (up from $100.00) on shares of AGCO in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded AGCO from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AGCO has an average rating of "Hold" and a consensus price target of $109.38.

AGCO Stock Performance

Shares of AGCO stock traded down $0.16 on Monday, reaching $109.02. 660,107 shares of the company were exchanged, compared to its average volume of 664,135. AGCO has a 1-year low of $73.79 and a 1-year high of $121.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 81.36, a P/E/G ratio of 1.72 and a beta of 1.20. The company's 50-day moving average is $110.75 and its two-hundred day moving average is $100.82.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly 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 analysts' expectations of $2.52 billion. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The business's quarterly revenue was down 18.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 EPS. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS.

AGCO declared that its board has authorized a stock buyback plan on Wednesday, July 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 12.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. AGCO's dividend payout ratio (DPR) is 86.57%.

Insider Activity at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $109.40, for a total value of $1,094,000.00. Following the completion of the sale, the senior vice president owned 16,189 shares of the company's stock, valued at $1,771,076.60. This trade represents a 38.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 16.60% of the stock is currently owned by company insiders.

Institutional Trading of AGCO

Several hedge funds and other institutional investors have recently modified their holdings of AGCO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AGCO by 534.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company's stock worth $271,259,000 after acquiring an additional 2,444,615 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in AGCO by 78.7% during the second quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company's stock valued at $201,755,000 after buying an additional 861,377 shares in the last quarter. Norges Bank bought a new position in AGCO during the second quarter valued at about $78,651,000. Price T Rowe Associates Inc. MD raised its holdings in AGCO by 7.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,985,474 shares of the industrial products company's stock valued at $646,648,000 after buying an additional 481,146 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in AGCO by 62.4% during the first quarter. Bank of New York Mellon Corp now owns 1,135,672 shares of the industrial products company's stock valued at $105,129,000 after buying an additional 436,237 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

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.