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

AGCO (NYSE:AGCO) posted its quarterly earnings data on Thursday. The industrial products company reported $1.97 earnings per share 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 Price Performance

AGCO stock traded down $4.41 during midday trading on Thursday, hitting $98.90. The company’s stock had a trading volume of 747,232 shares, compared to its average volume of 698,849. AGCO has a 12 month low of $84.35 and a 12 month high of $125.76. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock’s 50-day moving average price is $97.85 and its 200-day moving average price is $95.53. The company has a market capitalization of $7.38 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.17%. AGCO’s dividend payout ratio is currently 51.33%.

Analysts Set New Price Targets

AGCO has been the topic of several recent research reports. Morgan Stanley initiated coverage on AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target on the stock. JPMorgan Chase & Co. lifted 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. Oppenheimer lifted their target price on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Truist Financial increased their price objective on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Citigroup reduced their price objective on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, AGCO presently has an average rating of “Hold” and an average price target 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.