Zacks Research Has Negative Forecast for AGCO Q1 Earnings

AGCO Corporation (NYSE:AGCO - Free Report) - Investment analysts at Zacks Research reduced their Q1 2026 earnings per share (EPS) estimates for shares of AGCO in a note issued to investors on Tuesday, June 17th. Zacks Research analyst S. Deb now expects that the industrial products company will earn $0.99 per share for the quarter, down from their prior forecast of $1.01. The consensus estimate for AGCO's current full-year earnings is $4.20 per share.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.38. AGCO had a positive return on equity of 10.60% and a negative net margin of 5.40%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company posted $2.32 EPS. The business's revenue for the quarter was down 30.0% compared to the same quarter last year.

AGCO has been the subject of a number of other reports. Oppenheimer decreased their price objective on AGCO from $109.00 to $106.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley increased their price target on AGCO from $75.00 to $84.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Wall Street Zen raised AGCO from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Truist Financial decreased their price target on AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their price objective on AGCO from $110.00 to $117.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $104.10.

AGCO Stock Performance

AGCO stock traded down $0.49 on Thursday, reaching $102.03. The company's stock had a trading volume of 1,186,240 shares, compared to its average volume of 884,363. AGCO has a 52 week low of $73.79 and a 52 week high of $108.76. The company has a market capitalization of $7.61 billion, a P/E ratio of -13.08, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24. The firm has a fifty day moving average of $96.50 and a two-hundred day moving average of $95.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 0.67.

Institutional Trading of AGCO

Hedge funds and other institutional investors have recently modified their holdings of the company. Alberta Investment Management Corp raised its holdings in shares of AGCO by 98.5% during the fourth quarter. Alberta Investment Management Corp now owns 49,020 shares of the industrial products company's stock worth $4,582,000 after acquiring an additional 24,320 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of AGCO by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 469,669 shares of the industrial products company's stock worth $43,905,000 after acquiring an additional 15,531 shares in the last quarter. LPL Financial LLC raised its holdings in shares of AGCO by 4.9% during the fourth quarter. LPL Financial LLC now owns 21,812 shares of the industrial products company's stock worth $2,135,000 after acquiring an additional 1,016 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of AGCO by 12.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,692 shares of the industrial products company's stock worth $1,467,000 after acquiring an additional 1,788 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of AGCO by 2.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company's stock worth $580,000 after acquiring an additional 144 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total transaction of $26,545.00. Following the completion of the sale, the senior vice president now directly owns 17,380 shares in the company, valued at approximately $1,845,408.40. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.60% of the company's stock.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Thursday, May 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.14%. AGCO's payout ratio is currently -14.87%.

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.