AGCO (NYSE:AGCO) Posts Earnings Results, Misses Expectations By $0.04 EPS

AGCO (NYSE:AGCO) issued its quarterly earnings results on Thursday. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.04), Zacks reports. AGCO had a net margin of 1.35% and a return on equity of 15.79%.

AGCO Trading Up 2.0 %

AGCO opened at $100.01 on Friday. The firm’s fifty day simple moving average is $97.79 and its 200 day simple moving average is $95.54. The stock has a market capitalization of $7.47 billion, a P/E ratio of 44.25, a P/E/G ratio of 1.03 and a beta of 1.25. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. AGCO has a 12 month low of $84.35 and a 12 month high of $125.76.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. AGCO’s payout ratio is -20.39%.

Wall Street Analysts Forecast Growth

AGCO has been the subject of several analyst reports. The Goldman Sachs Group lowered their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research report on Friday. Truist Financial upped their price objective on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Oppenheimer boosted their target price on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $107.20.

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.