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

AGCO Co. (NYSE:AGCO) – Zacks Research issued their FY2024 earnings per share estimates for shares of AGCO in a report issued on Tuesday, November 19th. Zacks Research analyst S. Deb anticipates that the industrial products company will post earnings per share of $7.50 for the year. The consensus estimate for AGCO’s current full-year earnings is $7.34 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.

A number of other research firms have also recently weighed in on AGCO. The Goldman Sachs Group lowered their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Truist Financial lifted their price target on shares of AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets began coverage on AGCO in a report on Friday, August 9th. They set a “market perform” rating and a $96.00 price objective for the company. Citigroup boosted their target price on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird reduced their target price on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AGCO presently has an average rating of “Hold” and a consensus price target of $114.40.

AGCO Price Performance

AGCO opened at $98.43 on Friday. The firm has a market capitalization of $7.35 billion, a PE ratio of 43.54, a price-to-earnings-growth ratio of 0.55 and a beta of 1.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The business’s 50-day moving average is $96.49 and its two-hundred day moving average is $97.76. AGCO has a 1 year low of $84.35 and a 1 year high of $130.26.

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 analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company earned $3.97 earnings per share. The firm’s revenue was down 24.8% compared to the same quarter last year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. AGCO’s payout ratio is 51.33%.

Hedge Funds Weigh In On AGCO

Hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. raised its position in shares of AGCO by 103.5% during the 2nd quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock worth $153,814,000 after purchasing an additional 799,429 shares during the last quarter. AQR Capital Management LLC increased its stake in AGCO by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after buying an additional 605,509 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of AGCO by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock valued at $175,323,000 after acquiring an additional 391,591 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of AGCO by 17.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock valued at $221,187,000 after acquiring an additional 335,092 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of AGCO by 386.8% in the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock worth $24,389,000 after acquiring an additional 198,014 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

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.